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Banking & FinanceThe Ethiopian Commodity Exchange (ECX) has fully implemented an online trading system, allowing market participants to trade agricultural commodities remotely for the first time, officials said. The digital platform, introduced in April, enables traders to buy and sell from any location without physical contact. ECX says the system is designed to improve efficiency, transparency, and
TechThe Ministry of Health has rolled out electronic medical information systems in 130 health institutions nationwide, marking a significant step in Ethiopia’s drive to modernize its healthcare sector. According to Gemechis Melkamu, Lead Executive of the Digital Health Service at the Ministry, the initiative is central to the country’s ten-year national digital health strategy, which
Siinqee Bank S.C. has officially started issuing Mastercard-branded prepaid cards in Ethiopia, expanding access to digital payments and promoting financial inclusion. The launch is powered by Premier Switch Solutions (PSS), a leading local payment technology provider. This move is a major milestone in Ethiopia’s financial sector. Siinqee Bank is now the first financial institution outside
Banking & FinanceCooperative Bank of Oromia (Coop Bank) has been named Sustainable SME Financier of the Year at the Global SME Finance Forum 2025, held in Johannesburg, South Africa. The recognition underscores Coop Bank’s pioneering role in expanding access to finance for micro, small, and medium enterprises (MSMEs) in Ethiopia through its Michu Digital Lending Platform. By
TechAddis Ababa, August 28, 2025 – Ethiopia’s fintech space reached another milestone today with the official launch of FenanPay, a digital payment gateway developed entirely by Ethiopian talent under BtNet Technology Solutions. The platform, licensed by the National Bank of Ethiopia (NBE) just five months ago, has already processed millions of transactions during its pilot
BusinessIn a major step for Ethiopia’s digital payments industry, Premier Switch Solutions S.C. (PSS) has become the first company in the country to be officially approved by Visa for card personalization services. This means PSS can now securely prepare and personalize Visa-branded payment cards for banks and financial institutions, placing Ethiopia on the global map
BusinessThree major Ethiopian institutions—Dashen Bank, Ethio telecom, and ETTA Solutions—have jointly launched Zoorya, a new digital platform that integrates core business tools into a single system. The platform brings together Enterprise Resource Planning (ERP), Point of Sale (POS), and Cash Register functionalities, aimed at modernizing business processes across multiple sectors. What Is Zoorya? Zoorya is
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BusinessSafaricom Ethiopia has crossed a major milestone, reaching 10 million active subscribers, four years after acquiring its telecom license. The achievement underscores the company’s rapid growth in one of Africa’s most closely watched and underserved telecommunications markets. The figure is based on SIM cards active within a 90-day period and follows the addition of 7.1
RegulationIn a sweeping policy shift aimed at modernizing public service delivery and expanding digital financial access, the Ministry of Finance has issued Directive No. 1069/2025, requiring all federal government offices to accept payments from all licensed payment service providers. The directive, signed by Finance Minister Ahmed Shide and published on the Ministry’s official website, legally
Banking & FinanceIn a bold regulatory shake-up, the National Bank of Ethiopia (NBE) has issued a new directive — Licensing and Authorization of Payment Instrument Issuer (Amendment) Directive No. ONPS/10/2025 — aimed at tightening oversight, improving consumer protection, and accelerating interoperability in the country’s digital finance ecosystem. The directive updates and amends the earlier Directive No. ONPS/09/2023,
EconomyWhat if your ID wasn’t just a plastic card you forget at home before every important errand—but a key to unlock financial services, social benefits, and even a better-functioning government? Well, Ethiopia is making that dream real, and the rest of Africa is taking notes. The country just launched its first-ever #ID4Africa forum, a three-day
BusinessDashen Bank has officially introduced a new digital fuel payment solution through its Super App, enabling customers to make seamless fuel payments at participating gas stations. This initiative marks a significant step toward modernizing payment systems in Ethiopia’s fuel distribution sector. According to Dashen Bank’s Acting CEO, Ayele Teshome, the new service allows customers to
