Ethio Telecom Announces Telebirr-Based Digital Financial Marketplace, Digital Securities Trading Platform
Driven by the goal of becoming a leading digital solutions provider, Ethio Telecom has launched a telebirr-based digital financial marketplace that enables banks, microfinance, and insurance companies to make their financial products accessible and reach over 40 million users.
The news, which was announced yesterday, December 21, 2023, also includes the development of a digital securities trading platform.
According to Ethio Telecom the digital financial marketplace is based on a credit scoring system that uses AI and customer-centric data analysis to evaluate credit worthiness without the involvement of collateral.
“The Digital Financial Marketplace provides a unified platform for financial institutions to offer microfinance services, including microcredit, saving, and insurance services, to their customers at competitive prices,” reads a statement shared by Ethio Telecom.
Ahadu Bank, Siinqee Bank, Enat Bank and Awash Bank are expected to join the…
FSD Ethiopia Announces CEO Ermias Eshetu’s Resignation
FSD Ethiopia has announced the resignation of its CEO, Ermias Eshetu, who is stepping down to pursue other interests after serving two years at FSD Africa and FSD Ethiopia.
According to a press release posted on FSD website on December 7, 2023, Ermias informed the Board of his decision, and the Board will commence the process of identifying a new CEO in the coming weeks.
“Mr. Eshetu has confirmed his commitment to working with the FSD Ethiopia Board Chairman and other Board members on various matters to ensure a smooth transition,” reads the statement.
Established in 2021, FSD Ethiopia is an agency with a mission to support the development of accessible, inclusive, and sustainable financial markets for economic growth and human development.
Funded by the UK’s Foreign, Commonwealth & Development Office and the Bill & Melinda G…
Arfipay Announces Commercial Launch, Prioritizes POS
Arifpay Financial Technologies has announced the commercial launch of its digital financial products and services. The development, which was revealed today at the National Theater, follows months of pilot testing and inspection by the National Bank of Ethiopia after the fintech startup received its license a year ago.
Arifpay’s products included in the commercial...
Click Here to Red More on Shega.Safaricom Enters Capital, Announces Nation Wide Launch
Safaricom Ethiopia has extended network coverage to Addis Ababa and switched on its network nationally.
Residents in Addis Ababa will be able to purchase Safaricom Ethiopia’s SIM cards, which begin with the 07 prefixes, and choose their preferred numbers.
Customers will also be able to use data services, make calls and send SMS to Safaricom Ethiopia and Ethio Telecom customers, and make international calls worldwide.
Addis Ababa’s network rollout follows phased city-by-city large-scale testing in ten cities, including Dire Dawa, Harar, Haramaya, Bahir Dar, Adama, Bishoftu, Mojo, Debre Birhan, Awoday, and Gondar over the past month. Safaricom was able to register around 200,000...
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