Women tend to have better loan repayment rates than men. There is an implication that women are subject to a stricter loan application evaluation. Loan officers could be gender-biased, there may not be sufficient data for women, or data sources may not fully account for gender differences, creating barriers to…
Safaricom, the leading telecommunications company in East Africa, has announced its half-year performance for the financial year 2023/24, depicting results in both Ethiopia and Kenya. In Ethiopia, Safaricom launched its services in August 2023, after being awarded a license to operate in the country. The company has achieved remarkable traction…
The National Bank of Ethiopia (NBE) has taken a significant step in regulating the mobile money industry by issuing a revised Payment Instrument Issuer Directive. This directive, following the amendment of the Payment Systems Proclamation, introduces a set of new regulations and changes. Notable updates include detailed requirements for foreign…
The Commercial Bank of Ethiopia (CBE), the nation’s largest bank, has introduced a comprehensive tariff guide for its wide array of banking products and services. This tariff guide encompasses various categories, including deposit accounts, transfer services, bill payments, cheque books, safe deposit boxes, digital banking, international banking, and credit services.…
Opera, a web browser company, has announced the launch of its free data campaign in Ethiopia. This initiative comes as part of Opera's commitment to increasing internet accessibility across Africa and is made possible through a partnership with Safaricom, a recent entrant into the Ethiopian market.
Ethio Telecom, the state-owned telecom operator in Ethiopia, today announced the official launch of its commercial 5G network services in Addis Ababa, the capital city. The 5G service was first introduced in May 2022 as a trial service in Addis Ababa and Adama city. Ethio Telecom has commercialized its 5G…
M-PESA, Safaricom Ethiopia’s Mobile Financial Services, went live in August 2023 three months after receiving the Payment Instrument Issuer License from the National Bank of Ethiopia (NBE). The license was granted to Safaricom M-PESA Mobile Financial Services PLC, a subsidiary company owned by Safaricom Telecom Ethiopia, in May 2023. M-PESA’s…
