Wegagen Bank has officially launched its new mobile wallet service in collaboration with E-Birr Mobile Financial Services, offering customers a seamless way to manage their finances on the go. With the launch of this service, users can open wallet accounts, transfer funds, make payments, and manage their accounts without the need to visit a branch. The service is accessible via the E-Birr app, available for download on the Play Store or App Store, or through short text messages.

Ethiopia’s debt-to-GDP ratio has dropped to 13.7% from over 30%, thanks to strategic reforms initiated during the transition period, according to Minister of Planning and Development Fitsum Assefa (PhD). The government’s new economic and social policy vision prioritizes inclusive growth across sectors like agriculture, manufacturing, mining, tourism, and the digital economy. This vision aims to reduce economic imbalances, transfer key roles from the government to the private sector, and foster structural transformation.

Ethiopia officially launched its Securities Exchange (ESX) today. The much-anticipated event was officiated by Prime Minister Abiy Ahmed (PhD) at the Science Museum in Addis Abeba, marking a milestone for the nation’s economic trajectory.

Ethio Telecom’s digital finance platform, Telebirr, is making waves in Ethiopia’s financial sector, driving change in how millions of Ethiopians access money, services, and economic opportunities. In just three years, Telebirr has processed Birr 3.3 trillion in transactions.

In a move that has raised both expectations and concerns, Ethiopia’s Central Bank (NBE) has approved a significant increase in the credit growth target to 18%, up from the previous 14%. This decision, made during the Monetary Policy Committee’s (MPC) meeting on December 31, 2024, aims to bolster economic growth amid challenging liquidity conditions faced by banks.

Geez Education and Training Plc signed two landmark Memorandums of Understanding (MoUs) with California State University, the Global Academy of Finance and Management (GAFM), and the American Academy of Project Management (AAPM). The agreement introduces 275 internationally recognized training programs, starting with 48 fields delivered in a hybrid format of online and in-person instruction. These include courses in capital markets, finance and project management, technology, business, and research. The initiative also promotes innovation through STEM-focused courses, research opportunities, and international student exchange programs. It aims to bridge the gap between education and industry demands, equipping professionals with the expertise to drive sustainable economic growth.