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Ethiopia opens up its mobile cash

Ethiopia Prime Minister Abiy Ahmed. [File]

Ethiopia’s central bank will allow locally-owned non-financial institutions to start offering mobile money services as it seeks to boost non-cash payments in the country, it said.

The Horn of Africa nation is in the midst of massive economic reforms led by reformist Prime Minister Abiy Ahmed, including the privatisation of the State-owned telecommunications monopoly Ethio Telecom.

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