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LOS ANGELES (AP) — The 2024 Grammy Awards are fast approaching — and it is never too early to plan your viewing experience. The 66th annual Grammy Awards will take place Sunday, Feb. 4, at the Crypto.com Arena in Los Angeles. Lipa and Rodrigo both have three Grammys; Lipa is nominated for two awards and Rodrigo is nominated for six. Period,” Recording Academy CEO and President Harvey Mason jr. told AP at the time. “What’s not going to happen is we are not going to give a Grammy or Grammy nomination to the AI portion.”___For more coverage of this year’s Grammy Awards, visit: www.apnews.com/GrammyAwards

Persons: Noah, He's, WHO'S, “, SZA, Victoria Monét, Phoebe Bridgers, Taylor Swift, Olivia Rodrigo, Miley Cyrus, Billie Eilish, Brandy Clark, Jon Batiste, Jack Antonoff, Gracie Abrams, Fred, Roll, Coco Jones, Noah Kahan, Eilish, Rodrigo, Lipa, ”, Harvey Mason, “ What’s Organizations: ANGELES, Recording Academy, CBS, Paramount, Showtime, Hulu, YouTube, WHO, Academy, Lipa, Associated Press, Twitter, Ethio Jazz, AP Locations: Los Angeles, Dua Lipa

☆ Ethio Lease set to wind down operations in Ethiopia
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

NAIROBI, Nov 15 (Reuters) - Equipment leasing company Ethio Lease, Ethiopia's only foreign-owned firm to obtain a financial services licence from the central bank, said on Wednesday it was winding down operations in the east African country. The National Bank of Ethiopia granted a financial services license to Ethio Lease in 2019 - the first such for a foreign firm - as part of the government's economic reforms aimed at opening up the economy. New York-based African Asset Finance Company, the owner of Ethio Lease, has instructed the company to begin the process of voluntary liquidation, Ethio Lease said in a statement. "Despite their sustained efforts, Ethio Lease and its investors have been unable to achieve resolution with the Ethiopian government." Ethio Lease's license enabled it to lease equipment such as MRI scanners, tractors and drilling rigs to companies that could not import such equipment themselves due to foreign exchange shortages.

Persons: Abiy Ahmed, Bhargav Acharya, Duncan Miriri, Jason Neely, Alexander Winning, Nellie Peyton, Sharon Singleton Organizations: Equipment, Ethio, National Bank of, Lease, African Asset Finance Company, Ethio Lease, birr, Ethiopian, Thomson Locations: NAIROBI, National Bank of Ethiopia, New York, birr, Johannesburg, Nairobi

☆ Safaricom launches M-Pesa mobile money service in Ethiopia
▼ + stars: | 2023-08-16 | by ( Dawit Endeshaw | ) www.reuters.com time to read: +2 min

[1/2] A customer displays the package of a Safaricom Ethiopia sim card during the service launch in Addis Ababa, Ethiopia, October 6, 2022. REUTERS/Tiksa Negeri/File Photo Acquire Licensing RightsADDIS ABABA, Aug 16 (Reuters) - Safaricom's (SCOM.NR) M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecoms operator as it seeks to kickstart growth in one of Africa's biggest economies. The company also faces stiff competition from Ethio Telecom, whose profits more than doubled in its latest financial year. In July, Ethio Telecom reported having more than 34 million subscribers to its mobile money service Telebirr. Mobile money services are common in East Africa, allowing customers to send and receive money and pay for goods and services.

Persons: Safaricom, Stanley Njoroge, Dawit, Elias Biryabarema, Aaron Ross, Jane Merriman Organizations: REUTERS, Tiksa, South Africa’s Vodacom, Britain’s Vodafone, Democratic, Ethio Telecom, Thomson Locations: Ethiopia, Addis Ababa, ADDIS ABABA, Horn of Africa, Kenya, Democratic Republic of Congo, Egypt, Ghana, Lesotho, Mozambique, Tanzania, Mobile, East Africa

☆ Ethiopia to offer up to five banking licenses to foreign investors
▼ + stars: | 2023-05-03 | by ( Dawit Endeshaw | ) www.reuters.com time to read: +1 min

ADDIS ABABA, May 3 (Reuters) - Ethiopia will issue up to five banking licenses to foreign investors in the next five years, part of plans to open up the financial services sector to foreign competition, a senior central bank official said on Wednesday. "We will give three to five licenses within five years," vice governor of the central bank Solomon Desta told reporters. Ethiopia's banking industry is dominated by state-owned Commercial Bank of Ethiopia, and the sector has 29 players, all of them locally owned. Desta said foreign investors would have different options to enter the industry, including forming joint ventures with domestic players, or establishing local subsidiaries. Foreign investors have long eyed sectors including banking, telecoms, transportation and aviation in Ethiopia, a country of more than 100 million people and one of the biggest economies in Sub-Saharan Africa.

☆ Ethiopians savour first night of annual 'Addis Jazz Festival'
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +2 min

[1/5] Ethiopian traditional dancers perform during the Jazz show at the Ethio-Jazz Festival in Addis Ababa, Ethiopia April 29, 2023. REUTERS/Tiksa NegeriADDIS ABABA, April 30 (Reuters) - Young Ethiopians packed into the compound of the Swedish embassy in Addis Ababa on Saturday night to savour an "Ethio Jazz" performance, an annual festival that celebrates Ethiopia's love for the musical genre. On a neon-lit stage in the country's capital, artists played various Ethiopian jazz music pieces as hundreds of revellers danced, mimed and quaffed beer to celebrate the second edition of the so-called Addis Jazz Festival (AJF). AJF debuted in 2019 and was conceived as a platform to promote Ethiopian jazz as well as to bring international jazz to Ethiopia. Artists at the concert included some of Ethiopia's well- known talents, like the Young Addis jazz group, who performed some of their best hits, like "Adwa."

☆ Ethio Telecom posts H1 growth in revenue, financial service subscribers
▼ + stars: | 2023-01-12 | by ( Dawit Endeshaw | ) www.reuters.com time to read: +1 min

[1/2] Ethio Telecom employees serve a customer inside their call centre in the Bole neighborhood branch in Addis Ababa, Ethiopia July 29, 2022. REUTERS/Tiksa NegeriADDIS ABABA, Jan 12 (Reuters) - Ethiopia's state-owned Ethio Telecom on Thursday reported a 20% rise in half-year revenue to 33.8 billion birr ($633 million). Subscribers to its mobile phone-based financial service Telebirr, launched in May 2021, grew to 27.2 million out of its 70 million total subscribers, CEO Frehiwot Tamiru told a news conference. That was up from 21.8 million Telebirr subscribers in June 2022. Efforts to attract investment have been hampered, however, by a two-year war in the northern Tigray region, which has killed tens of thousands and displaced millions.

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