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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…

Awash Bank officials to serve customers at branches
Spread the NewsOfficials of Awash Bank Share Company will serve customers and solve problems on spot at branches of the Bank in Awash’s “Customers Week”. The customers’ week has been launched on Tuesday, March 15, at the headquarters of Awash Bank and Insurance Share Company. “Thanksgiving to customers and maximizing their satisfaction are the main…

ECA’s Economic Report on Africa addresses continent’s vulnerability during Covid-19
Spread the NewsThe disruptions caused by the Covid-19 pandemic pushed an estimated 55 million Africans into extreme poverty in 2020 and reversed more than two decades of progress in poverty reduction on the continent. This is according to the Economic Report on Africa 2021(ERA2021) launched Sunday on the margins of the Economic Commission for Africa’s…

Nyala Insurance amasses gross profit of 194.3 mln Birr
Spread the NewsNyala Insurance S.C. reported that it has amassed a gross profit of 194.3 million Birr in the concluded fiscal year in June 2021. Nyala Insurance conducted its 27th regular and 20th extraordinary general meeting on Thursday at Sheraton Addis Hotel. During the meeting, Getachew Birbo, Chairperson of the Board Directors said: “The profit…

Zemen Bank amasses gross profit of 1.2 bln Birr
Spread the NewsZemen Bank announced Saturday that it has amassed a gross profit of 1.2 billion Birr in 2020/2021 fiscal year, which was concluded in July 2021. Zemen’s total asset also reached 25.2 billion Birr as of July 2021, which has registered a 36.66 percent higher than the previous year figure. As of July2021, its…

At CoM2022, experts address effects of Russia-Ukraine crisis on Africa
Spread the NewsThe ECA Sub-Regional Office for Southern (SRO-SA) in collaboration with the Angolan Government and the United Nations Resident Coordinator’s Office in Angola held a side event at the margins of the 54th session of the ECA Conference of African Ministers of Finance, Planning and Economic Development to offer African countries a platform for…