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TechThe Addis Ababa Light Rail Transport Service Organization has announced a pilot program to transition from traditional paper ticket sales to a digital ticketing system. The move aims to modernize the service and streamline the passenger experience. The pilot program will initially be implemented at four key stations: Hayat, Menelik II, Qaliti, and the Stadium,
TechEthiopia has begun mass-producing unmanned aerial vehicles (UAVs) for both civilian and military applications, marking a significant step in its technological advancement. The initiative aims to bolster national defense while also positioning Ethiopia as an exporter in the growing drone market. Prime Minister Abiy Ahmed recently inaugurated Sky Wing Industry, a company dedicated to manufacturing
Ethiopia’s Ministry of Health has signed service-level agreements with eight digital financial service (DFS) providers, marking a significant step in the country’s national digital health strategy. Facilitated with support from the Finance Ministry, the National Bank of Ethiopia, the Ethiopian Health Insurance Service, and the Better Than Cash Alliance, this initiative aims to establish a
TechEthio telecom has launched a suite of seven cloud-based solutions aimed at empowering enterprises and institutions within Ethiopia. These solutions, utilizing Ethio telecom’s cloud infrastructure, are designed to enhance operational efficiency and facilitate digital transformation across various sectors. These cloud-based services offer access to IT resources, including servers, databases, and data storage, through Ethio telecom’s
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TechThe National ID Program is set to launch a digital wallet system that will enable citizens to verify their education and health information through Fayda, the country’s national digital identity system. Rahel Abraham, Deputy Coordinator of the National ID Program, announced the initiative, emphasizing its potential to simplify verification processes. “We are working on a
Banking & FinanceCooperative Bank of Oromia and Rabo Partnerships (RP) have announced the launch of a new digital lending platform designed to transform agricultural finance in Ethiopia. This innovative solution will streamline the loan application process, providing faster and easier access to credit for farmers, particularly smallholders in remote areas. The platform leverages data analytics and credit
StartupNUNA Ethiopia, in partnership with the Japan International Cooperation Agency (JICA), has officially launched ADMAS Chatbot, an innovative AI-driven tool designed to streamline the creation of Lean Canvas, Business Models, and Business Plans for startups, SMEs, and entrepreneurs across Ethiopia. The launch event highlighted the collaborative effort behind ADMAS and its potential to transform the
BusinessIn a landmark event held at the Science Museum, Ethiopia unveiled its first electronic passport (E-passport), marking a significant advancement in the country’s travel documentation system. The initiative, a collaboration between Immigration and Citizenship Services (ICS), Ethiopian Investment Holdings (EIH), and Toppan Security Ethiopia S.C., promises enhanced security, streamlined processes, and international recognition. The launch
Banking & FinanceNib International Bank has introduced two new digital payment applications, Nib Amber Pay and Nib Paystream, aimed at enhancing payment convenience and streamlining business transactions. The launch event, held at the bank’s headquarters, featured remarks from the bank’s CEO, Henok Kebede, who outlined the key functions of the new services. According to Henok, Nib Amber
BusinessEthio Telecom, Ethiopia’s state-owned telecommunications provider, reported a significant financial performance for the first half of the fiscal year, generating 61.9 billion birr ($491.57 million) in revenue. This marks an increase of over 40% compared to the same period last year, according to CEO Frehiwot Tamiru. The Ethiopian government is in the process of privatizing
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BusinessIn a significant step toward supporting Ethiopia’s growing electric vehicle (EV) ecosystem, Ethio Telecom has launched an ultra-fast EV charging station along Bole-Megenagna Road in Addis Ababa. This initiative aligns with the company’s vision of driving digital transformation and promoting sustainable mobility. The state-of-the-art facility is designed to meet the increasing demand for fast and
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TechAs of December 2024, Safaricom Ethiopia reported a 245% increase in registered M-PESA customers, reaching 10.8 million, up from 3.1 million in December 2023. This growth was primarily driven by airtime purchases and cross-border money transfers. Despite the surge in customer numbers, M-PESA’s total revenue declined by 74% to approximately $75,969 in the nine months
