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StartupIn a move that marks another milestone in Ethiopia’s digital transformation journey, Ethio telecom has officially launched Zemen GEBEYA, a national e-commerce platform aimed at connecting producers, merchants, and consumers across the country. The new platform — integrated within the telebirr SuperApp — is positioned as a unified digital marketplace designed to support Micro, Small,
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Banking & FinanceIn a bold step toward modernizing Ethiopia’s fuel payment system, Oromia Bank has officially launched an innovative integration of its Milki Digital Financing app with the Ministry of Transport and Logistics’ Fuel Aggregator System. This development is expected to significantly ease the burden of fuel payments, supporting the country’s broader digital finance ambitions. The launch
Banking & FinanceEthiopia’s Kifiya Financial Technologies has been named one of the world’s top three innovations in ethical finance at the 7th Ethical Finance Innovation Challenge & Awards (EFICA), hosted by Abu Dhabi Islamic Bank (ADIB) in collaboration with the London Stock Exchange Group. Kifiya’s Halal Gebeya, a Sharia-compliant digital finance marketplace, earned global recognition for its
Banking & FinanceEthio telecom has announced a major expansion of its digital financial services through a strategic partnership with Siinqee Bank. The new collaboration introduces a range of services via the telebirr platform — including savings accounts, microloans, salary advances, and device financing — aimed at boosting financial inclusion and accelerating Ethiopia’s digital transformation. The partnership allows
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TechPrime Minister Abiy Ahmed (PhD) inaugurated “Mesob,” Ethiopia’s first one-stop digital service center, yesterday. The Center, which marks the pilot phase of a broader national project, integrates services from 12 federal government institutions and offers 41 public services through a fully digital, paperless process. Named after the traditional Ethiopian woven serving basket that brings multiple
StartupEthiopia’s remittance landscape is seeing a major innovation with the launch of FrankRemit, a new digital platform offering instant money transfers to Ethiopia from abroad. The platform, operated by fintech players connected to SantimPay, officially went live this week, according to a public announcement on social media and details published on FrankRemit’s official website. FrankRemit
Banking & FinanceEthSwitch and Visa signed a Memorandum of Understanding (MOU) aimed at deepening cooperation in Ethiopia’s evolving digital payments landscape. The agreement outlines key areas of collaboration, including interoperability, gateway services, security, tokenization, and innovation. The partnership will allow Visa to connect directly with all banks in Ethiopia through EthSwitch’s national payment switch, improving integration, efficiency,
BusinessEthiopia has officially entered the digital lottery era with the launch of its first-ever digital lottery system. The historic event took place at Skylight Hotel and brought together a wide range of stakeholders, including CEOs, board members, lottery agents, previous winners, and key government representatives. The digital lottery was launched by Ethiopian Lottery Service CEO
TechElon Musk announced today that his artificial intelligence firm, xAI, has acquired X, the social media platform he rebranded from Twitter, in an all-stock transaction. The deal values xAI at $80 billion and X at $33 billion—$45 billion minus $12 billion in debt—marking a significant merger of Musk’s AI and social media ventures. In a
TechGlobal Bank Ethiopia, Lucy Insurance S.C., and Kacha Digital Financial Services have introduced “Agar,” Ethiopia’s first digital insurance and loan service. The platform is designed for insurance customers, meter taxi drivers, and salaried employees, offering digital loan and savings solutions. Ethiopia’s insurance sector has traditionally relied on paperwork and rigid documentation, limiting accessibility and market
BusinessEthio telecom has reported its provisional performance results for the first six months of the Ethiopian Fiscal Year (EFY) 2017 for Ethiopian Investment Holdings. The company reported a 7.9% year-on-year increase in subscriptions, a 43% increase in top-line growth rate, and a 55.5% increase in EBITDA margin/rate. Total revenue for the period reached 61.9 billion
TechSafaricom M-PESA has announced a strategic partnership with Lakipay Financial Technologies S.C. (Lakipay) aimed at significantly enhancing digital payment services across Ethiopia. The collaboration will integrate M-PESA with Lakipay’s payment gateway, enabling merchants using Lakipay’s platform to accept M-PESA payments seamlessly. This move is expected to simplify transactions for both merchants and consumers, broadening financial
