The Center for the Advancement of Rights and Democracy (CARD) reported that the Ethiopian government’s restrictions on internet access have caused significant economic damage to the country. According to the center, the government’s illegal actions have resulted in economic losses exceeding USD 140 million over a period of five months.
Zamzam Bank has been given property in Lideta sub-city (Senga tera area) to construct its headquarters building, disclosed during an event held today at the Sheraton Addis Hotel.
With the goal to provide the EyePay® Network in Ethiopia, IrisGuard established a strategic partnership with the local financial services partner Arifpay. The usage of IrisGuard’s digital payment infrastructure, which only authenticates and processes payments using a person’s iris, is said that it guarantees complete transparency that social support reaches the intended recipients.
The EyePay® Network, which offers proof-of-life for compliance with Know Your Customer (KYC), Anti-Money Laundering (AML), and Counter-Terrorism Financing (CTF) regulations, is indicated that it is one of the most secure and accountable payment platforms currently available. A real-time tracking program reportedly eliminates the possibility of fraud, double-dipping, and duplicate payment by continuously monitoring funds throughout the process.
Imad Malhas, Founder & Managing Director of IrisGuard commented, “We are proud to be part of such a remarkable milestone in Ethiopia with our partners at Arifpay. Ethiopia’s innovative landscape is the perfect stage for our EyePay® Network services and the kind of transparency and accountability levels it brings in the international humanitarian assistance arena. As part of our global expansion plans, we look forward to working with local partners, who share our passion for innovation and for expanding financial inclusion, in new regions across the world.”
By the beginning of March 2023, the State of Oromia had officially launched the operations of a new city- named Sheger. Having its main office in Addis Ababa, Sheger City brings together 12 sub-cities, districts, and 40 rural kebeles. Sebeta, Burayu, Legatafo, Lededadi, Sululta, and Gelan towns surrounding Addis Ababa from all directions are now parts of the newly formed city.
After months and months of military showdowns between the Government of Ethiopia (GoE) and the Tigray People’s Liberation Front (TPLF), a war broke out in October 2020. Ever since that first shot was fired that historically unfortunate night, hundreds of thousands of people have lost their lives, while millions have been displaced.
The Arki Homes Expo is formally launched today at Millennium Hall. It is touted as an opportunity to link constructors, home sellers and buyers, developers, and various institutions.
According to reports, many home builders will share knowledge and experience with expo attendees and visitors about the status of the homes they are currently building, the cost of the homes they plan to build, and the goods and services they require. The expo is scheduled to take place from May 13 to May 15, 2023.
Banks and partner organizations, among the more than one hundred organizations involved in the industry, will take part. It is additionally stated that by merging both governmental and non-governmental institutions, it would give a good opportunity for people who are supposed to operate at the local and national levels to build structural coordination.
Expo is anticipated to feature free training for sales professionals, panel discussions, developmental objectives, and nation-building activities focused on the diaspora.
KEFI Gold and Copper, the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, announced the signing of the Final Umbrella Agreement for the project financing of its Tulu Kapi Gold Project, which is held by Tulu Kapi Gold Mines Share Company.
The Fintech Innovation of the Year Award honors the company, initiative, or person who has upended the African fintech sector. For the second edition of the AfricaTech Awards, VivaTech and the International Finance Corporation (IFC) have partnered this year. This program aims to identify and support forward-thinking businesses with an African focus that are developing game-changing innovations in the fields of climate, health, and financial technology sectors.
Talking about how blessed Ethiopia is with natural, historical, and cultural assets has almost become cliched. It wouldn’t be newsworthy if someone pointed out how this lovely nation of ours hasn’t been able to effectively capitalize on these riches. Before 2019, Ethiopia’s tourist sector had experienced consistent growth, but not always to the full extent of its potential.
Prime Minister Abiy Ahmed made a name for himself as an African reformer because of the successive policy changes he introduced to liberalize one of Africa’s closed economies. The licensing of the second telecom operator, Safaricom, which ended Ethiopia’s 127 years of telecom monopoly, has indeed sent a strong signal about Ethiopia’s commitment to build a digital economy.
Ethiopian Business Review