Ethiopia’s Dashen Bank partners Visa to launch an e-commerce platform

ETHIOPIA – Financial institution Dashen Bank has announced that it will launch Amole e-commerce gateway using Visa Cyber Source infrastructure to acquire Visa, Mastercard and American Express cards. The Amole e-commerce gateway will be the first e-commerce gateway in Ethiopia to accept all three major international cards with the promise to expand by acquiring and developing additional digital payment methods. The e-commerce was launched in cooperation with Moneta Technologies, a fintech company fully owned by Kenya’s Fettan Holdings Limited which operates Dashen Bank’s digital wallet system, Amole, and Visa. Speaking…

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Ethiopian Airlines marks 75 years of operational excellence

ETHIOPIA – Seventy-five years ago on this date, Ethiopian Airlines operated its 1st scheduled flight with Douglas C-47 Skytrain aircraft from Addis Ababa to Cairo via Asmara. This diamond jubilee celebration shows how Africa’s most successful airline has made managed to navigate the turbulent skies for over 75 years. For an airline that was founded on 21 December 1945 and commenced operations on 8, April 1946, maintaining that level of operational efficiency and management is no mean feat bearing in mind that its peers in the continent have either folded…

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First intra-African trade transaction worth US$270m successfully completed

AFRICA – The first intra-African trade transaction through blockchain technology worth US$270 million has just been successfully completed between Morocco and Ethiopia, according to the Office Chérifien des Phosphates (OCP), one of the world’s leading phosphates fertilizer suppliers. The first of its kind in Africa, the transaction involving the export of fertilizers from Morocco to Ethiopia was carried out thanks to the collaboration between Dltledgers, a company specializing in the digitization of trade and the Bank of Commerce and Development of East and Southern Africa (TDB). “Dltledgers made available its…

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Ethiopia issues new telecoms license application deadline

ETHIOPIA – The government of Ethiopia has once again extended the deadline for telecom companies to bid for new operating licences. In a communication through social media, the Ethiopian Communications Authority (ECA) said it had taken the eleventh-hour decision in response to requests from bidders, pushing the deadline from 5 April to 26 April, 2021 10am local time. ECA said on Twitter: “Due to requests by bidders to have more time to finalize their offer in light of Covid-19 market environment, ECA determined their question to be appropriate and the…

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World Bank approves US$500m to accelerate electrification process in Ethiopia

ETHIOPIA – The World Bank’s Board of Directors has approved a US$500 million loan to Ethiopia to help the horn of Africa nation accelerate electrification process as demand for electricity increases. The funds have been allocated by the International Development Association (IDA), a member of the World Bank Group. The Ethiopian government is focusing on extending and strengthening the national electricity grid in the country’s major cities. The Access to Distributed Electricity and Lighting in Ethiopia (ADELE) project ADELE is a component of Ethiopia’s National Electrification Programme (NEP), which aims…

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Ethiopian fintech startup ArifPay bags US$3.5m funding, begins nationwide rollout

ETHIOPIA – The newly-launched ArifPay, Ethiopia’s first mobile point of sale (MPOS) system, has raised US$3.5 million in funding as it begins nationwide rollout. Built by the team behind taxi app ZayRide, ArifPay was established as a business in February 2021 and will launch operations in April once it receives its licence from the National Bank of Ethiopia, the first one for a fintech startup in the Horn of Africa nation. The startup has developed an MPOS system that will allow ATM card holders to make electronic transactions on smartphones, and aims to…

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Ethiopian Airlines and African Union partner to implement trusted Travel Pass Test

ETHIOPIA – Ethiopian Airlines has announced partnership with the African Centres for Disease Control & Prevention (Africa CDC) for the implementation of the African Union Trusted Travel Pass to make continental travel easier and safer amidst the Covid -19 pandemic. The Trusted Travel pass program will ensure country regulations regarding Covid-19 travel requirements are met with minimal room for error and hassle to the travelling public. The Ethiopian Airlines‘ customers will now enjoy a hassle-free travel experience with their travel pass helping them verify whether their medical information meets various Covid-19…

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IPP Masdar Clean Energy to supply 500MWp of solar power in Ethiopia

ETHIOPIA – United Arab Emirates based independent power producer (IPP) Masdar Clean Energy has obtained an approval from the Ethiopian government to produce 500 MWp of solar energy to be fed into the grid of the state-owned Ethiopian Electric Power (EEP). Under the terms of the agreement, Masdar, which is expanding rapidly on the African continent, will develop, finance, and provide design, engineering, procurement, construction, testing, commissioning, insurance, operation, and maintenance of the solar photovoltaic plants. The Emirati company will also build transmission infrastructure and feed the generated power into…

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AFRAA, Ethiopian Airlines sign MoU to strengthen collaboration on aviation training

ETHIOPIA – The African Airlines Association (AFRAA) and Ethiopian Airlines have signed a memorandum of understanding (MoU) on training that will facilitate a framework of collaboration between AFRAA and Ethiopian Airlines Aviation Academy. The MoU was signed between AFRAA secretary general Abdérahmane Berthé and Mesay Shiferaw, managing director, Ethiopian Aviation Academy. The MoU was signed during a consultative meeting between AFRAA secretary general Abdérahmane Berthé and Ethiopian Airlines group CEO Tewode Gembremariam held at Ethiopian Airlines headquarters in Addis Ababa. The collaboration will support the development of sustainable and safe air transport system in Africa and thereby…

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AfDB approves US$2.33m grant to support the modernization of e-payments infrastructure in Ethiopia

ETHIOPIA – The Board of Directors of the African Development Bank (AfDB) has approved a grant of US$2.33 million to EthSwitch Share Company, an initiative led by National Bank of Ethiopia, for the modernization of its payments infrastructure. The grant is resourced from the special fund of the Africa Digital Financial Inclusion Facility (ADFI), a pan African initiative that aims to facilitate digital financial inclusion for an estimated 332 million unbanked population across the African continent, 60% of whom are women. The African Development Bank believes that provision of interoperable…

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