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Yinager Dessie (PhD): African banks have a big appetite to invest in Ethiopia
Spread the NewsFSD Africa is working in the financial sector along with the National bank of Ethiopia (NBE). Now, Ethiopia has got its own version, Financial Sector Deepening (FSD Ethiopia) with the aim of supporting the financial sector. Newly-established development agency Financial Sector Deepening Ethiopia (FSD Ethiopia) was officially launched at the Hyatt Regency Hotel,…
Dashen Bank, Ethio Telecom launch mobile money credit services
Spread the NewsEthio telecom launched integrated digital financial services in partnership with Dashen Bank. Dashen Bank will support the financial services with funding while Ethio Telecom is also responsible to develop technological solutions. Three new services will be offered by the partnership of Ethio telecom and Dashen Bank through the mobile money platform Telebirr, which…
ID Ethiopia, Safaricom PLC agree to work on national ID program
Spread the NewsID Ethiopia has signed a Memorandum of Understanding (MoU) with Safaricom Telecommunications Ethiopia PLC to partner in the digitalization of the National ID program. The MoU discusses the setup of joint pilots for registration and eKYC integration. eKYC process includes ID card verification, face verification, document verification such as utility bills as proof…
ArifPay launches new approach for SMEs to get loan from banks
Spread the NewsArifPay, a fintech company, has introduced new scheme, which enables Small and Micro Enterprises (SMEs) to get a loan from banks. Those SMEs have been using ArifPay, a digital transaction system — an electronic platform for small shops to manage their sales and modernize their manual inventory system. Accordingly, the SMEs can get…
Hawassa Industry Park searches alternative markets to mitigate the impact of AGOA withdrawal
Spread the News-Exports 32 million dollar worth of garment in five months By Kaleyesus Bekele Manufacturing companies that are operating in the HawassaIndustrial Park are looking for alternative markets to mitigate the adverse impacts of Ethiopia’s withdrawal from the US AGOA trade opportunity. Africa Growth and Opportunity Act (AGOA) is a trade opportunity that the US government granted Sub-Saharan-African countries to export their products free of tax and quotato…
Phibela plans to supply 7 mln liters of edible oil for Easter, Eid-Al-Fitr
Spread the NewsPhibela Edible Oil Factory announced that it is preparing to supply 7 million liters of oil for the upcoming Easter and Eid-Al-Fitr holidays. Setegn Engidaw, Communication Director of Belayneh Kindie Group, was quoted by Walta Media and Communication Corporate as saying that, “Phibela is in preparatory stages to supply 10 and 15 liters…