Issue 151: Bill in Town
Shega Media
Shega is in the business of demystifying the African economy through Integrated Media, Data, and Intelligence.
Dashen Bank, Mastercard Launch Online Payment System
Dashen Bank, in partnership with EagleLion System Technology and Mastercard, has introduced a new online payment service called "GetFee - Pay By Link". This service allows customers to make secure and convenient online payments using Mastercard, Visa, and American Express cards. Read more.?
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Ethiopia Secures Currency Swap Agreement with China
Ethiopia and China have reached a currency swap agreement, allowing trade in Ethiopian Birr and Chinese Yuan, according to Finance Minister Ahmed Shide. Read more.?
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Local Fintech Yagout to Import 10,000 POS Machines
Yagout Pay Financial Technology, a local fintech firm, is stating it’s importing 10,000 POS (point of sale) machines. The first 1,000 machines have already been brought into Ethiopia. Read more.?
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Addis Ababa Introduces Digital Parking Tickets
In a bid to streamline the capital's fragmented parking system, currently managed by 350 youth unions, Addis Ababa's Traffic Management Authority is introducing digital parking tickets in the Ethiopian New Year. Read more.
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NBE Unveils Digital Banking Solution for Diaspora Amid Foreign Exchange Reforms
In a spirited financial gathering, the National Bank of Ethiopia (NBE) has launched a national portal designed to streamline the process for Ethiopians in the diaspora to virtually open bank accounts in both local and foreign currencies. Read more.?
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Development Bank of Ethiopia to Disburse $43M for Youth, SME Support
Capping more than a year of collaboration, Ethiopia’s policy bank, the Development Bank of Ethiopia, has partnered with the Ministry of Labor & Skills to disburse 43 million dollars in youth entrepreneurship and Small and Medium Enterprise (SME) support. Read more.
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Electricity Costs Set for Nearly 400% Increase by 2028
The Ethiopian Electric Utility has announced a rolling increase in power tariffs over the next four years as part of a comprehensive power sector reform. Quarterly increments averaging 10% will be progressively applied, with the first round slated for next month. This will result in EEU customers facing an average power utility cost increase of 400% by 2028. Read more.?
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Rewriting the Script on Billboard Advertisement
A local startup, just a year old, is aiming to transform the Ethiopian advertising industry with a platform that connects ad space owners with potential advertisers. Read more.