The Commercial Bank of Ethiopia (CBE), the country’s largest commercial bank, has partnered with Ethio Telecom to introduce a new range of microloan and savings products on the widely-used mobile money platform telebirr


The partnership, announced today, June 27, 2023, at the Skylight Hotel in Addis Ababa, enhances telebirr’s existing loan offerings by adding new loan and savings products with fresh terms.

One of the new loan products introduced is the “10-Days Enderas,” which provides customers with a credit limit ranging from 100.00 to 4,000.00 ETB. This plan comes with a facilitation fee of 4%. Another offering is the “25-Days Enderas,” which offers a credit limit ranging…

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