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 loan approval. In such cases, […]
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 in one month, with 7 […]
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.
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 launch comes after a three-month […]
