The National Bank of Ethiopia has licensed ArifPay, a fintech company that makes digital payment services.
The company is based in Addis Abeba.
Founded on February 2021 by Habtamu Tadesse, a founder of Zay Ride, a ride-hailing platform in Ethiopia, ArifPay is a mobile point of sale system which will allow ATM cardholders to make electronic transactions via their smartphones.
ArifPay has raised $3.5 million in a very short time-span.
Spread the NewsFollowing the selection of the Startupper of the Year Challenge winners by a local jury comprised of experts, the winners of this 2022 edition were awarded during an official award ceremony organised on May 11, 2022 at Hyatt Regency Hotel, Addis Abeba. The three winners of the Startupper of the Year Challenge in…
Spread the NewsThe fifth edition of the East Africa Finance Summit is to be held on Wednesday, May 11, 2022 at the United Nations Economic Commission for Africa (UNECA) Conference Center in Addis Abeba. This year’s summit is organized with the theme of “Reshaping the Future of Finance Sector in the Age of Disruption”, according…
Spread the NewsThe Ethiopian Edible Oil Producers Manufacturing Industry Association said that lack of raw materials and complex market chain are the main challenges of their operations. The Association consists of more than 100 edible oil companies. Mohammed Youssouf, Vice Board Chairperson of the Association told Origins Media that major problems which are hindering productivity…
Spread the NewsEnat Bank Share Company and Hybrid Designs—RIDE, a taxi hailing firm, agreed Friday on the provision of loans to Ride drivers. In a strategic agreement program held at Hyatt Regency Hotel, the companies agreed on three types of loans to RIDE drivers. The first Enat Vision consists of loans to purchase new vehicles….
Spread the NewsSafaricom Telecommunications Ethiopia PLC and Ethiopian Electric Utility (EEU) have signed a three-year lease agreement to enable aerial fibre installation through the existing poles infrastructure in Addis Abeba and across the country. As Safaricom continues to build a new network in Ethiopia, investments in infrastructure and strategic partnerships are being prioritized to ensure…
