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NIB Bank and Arifpay Financial Technologies have launched a strategic partnership aimed at expanding access to digital payment systems across Ethiopia. The collaboration brings together NIB Bank’s extensive financial infrastructure and Arifpay’s growing fintech capabilities to deliver a range of integrated solutions that cater to the evolving needs of businesses and merchants.

Central to the partnership is a commitment to improving how transactions are made and managed, particularly for small and medium-sized enterprises (SMEs), retail merchants, and service providers seeking greater efficiency and flexibility in their day-to-day operations.

One of the key offerings is the deployment of mobile and smart point-of-sale (POS) devices, allowing merchants to accept card payments, including Visa, Mastercard, and UnionPay. This capability is expected to improve transaction security and boost foreign currency inflows by attracting more international customers and formalizing previously cash-based businesses.

The agreement also includes the rollout of a secure digital Payment Gateway to support Ethiopia’s growing e-commerce sector. The gateway is designed to facilitate online payments for businesses operating in the digital space, offering a locally managed, real-time transaction platform that enhances reliability and customer trust. As part of the rollout, merchants will also have access to a free e-commerce platform, integrated directly through Arifpay’s gateway.

“With this partnership, NIB Bank’s customers can access these all-inclusive payment solutions,” said Rediet Tsigeberhan, CEO of Arifpay. “Moreover, a free e-commerce platform for merchants through our payment gateway will further empower businesses. Teaming up with NIB Bank allows us to scale our fintech innovations nationwide and work with a larger, more inclusive, and digitally empowered economy.”

Complementing these tools is a merchant-focused mobile application that allows vendors to accept payments, manage transactions, and access real-time analytics from their smartphones. The app supports businesses in better monitoring cash flow, understanding customer behavior, and making data-driven decisions.

Additionally, the “Super Merchant” model introduced through this partnership will allow NIB Bank to integrate Arifpay’s interoperable technologies into its existing digital services. The model is intended to simplify onboarding processes for new merchants, expand access to digital financial tools, and further modernize the bank’s retail offerings.

Henok Kebede, CEO of NIB Bank, said the partnership reflects the bank’s strategic direction toward becoming a leader in digital financial services. “By combining our infrastructure with Arifpay’s technology, we are positioned to deliver practical, customer-focused solutions that support business growth and financial inclusion,” he said.

 


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In a strategic partnership aimed at enhancing Ethiopia’s international voice infrastructure, Ethio telecom has selected Bankai Group, a renowned international telecom solutions provider, as its preferred international voice termination partner. The partnership becomes effective on June 1, 2025.

According to The Fast Mode, the agreement is designed to improve voice quality, ensure regulatory compliance, and protect the integrity of international voice traffic. Ethio telecom and Bankai Group plan to collaborate in delivering high-performance and fraud-resistant voice services across major global corridors.

This marks a significant step in Ethio telecom’s efforts to strengthen Ethiopia’s role in the international telecom ecosystem, with a focus on supporting the country’s broader digital transformation agenda.

The agreement, however, excludes international voice traffic originating from Saudi Arabia, the UAE, Sudan, Jordan, Somalia, and Djibouti, which remain outside the scope of this partnership.

 


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The Invest in Ethiopia 2025 High-Level Business Forum, which concluded today in Addis Ababa, has secured USD 1.6 billion in foreign investment, marking a significant milestone in the country’s efforts to foster private sector growth and attract international capital. The two-day event gathered global investors, policymakers, and key stakeholders, highlighting Ethiopia’s ongoing economic reforms and its growing appeal as an investment destination.

A key moment of the forum was the signing of five major investment agreements, which span diverse sectors with high growth potential. These deals are set to play a pivotal role in driving Ethiopia’s economic transformation and contribute to the creation of jobs and sustainable development.

The forum also hosted a series of productive panel discussions, addressing key issues impacting Ethiopia’s investment landscape. Among the featured discussions were: “A Conducive Environment for Investment in Ethiopia’s Service Sector,” which explored opportunities and challenges in service industries; “Public-Private Partnerships and Joint Investments with Governments,” emphasizing collaboration between the public and private sectors for sustainable development; and “ICT and Other Emerging Sectors – Powering the Digital Frontier,” which delved into Ethiopia’s digital transformation and the growing potential of technology-driven industries.

Ahmed Shide, Minister of Finance of the Federal Democratic Republic of Ethiopia, reaffirmed the government’s commitment to maintaining a stable, investor-friendly environment. He emphasized the critical role of private sector growth in achieving macroeconomic stability and advancing Ethiopia’s ambitious reform agenda, including the newly launched Macro Reform Program.

“There has never been a more opportune moment to invest in our nation,” Minister Shide stated, extending an open invitation to global investors to join Ethiopia on its transformative journey. He stressed that investment is key to advancing shared goals of resilience, inclusive prosperity, and sustainable growth, and encouraged investors to explore the high-potential sectors outlined in the country’s investment “deal book.”

 


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In a bold stride toward digital economic transformation, Ethio Telecom has launched Zemen GEBEYA, Ethiopia’s first-ever national digital marketplace. This groundbreaking platform signals the country’s formal entry into e-commerce on a continental scale, with ambitions to redefine how businesses and consumers interact across Ethiopia’s diverse regions.

“Our legacy on African e-commerce is minimal due to the absence of a national platform,” remarked Frehiwot Tamiru, CEO of Ethio Telecom. “With Ethiopia being the second most populous country in Africa, Zemen GEBEYA is set to position us firmly on the digital commerce map of the continent.”

More than just a transactional space, Zemen GEBEYA is a full-fledged digital infrastructure. It aims to empower Micro, Small, and Medium Enterprises (MSMEs) by offering an inclusive, accessible online environment to scale their operations, reach new markets, and reduce overhead costs. From rural artisans to urban entrepreneurs, the marketplace is designed to democratize commerce and bring traditionally informal sectors into the digital economy.

Zemen GEBEYA’s launch builds on Ethio Telecom’s expansive digital ecosystem. With over 82.5 million telecom subscribers—45.7 million of whom use mobile broadband—and 33 million smartphone users, the groundwork for a thriving e-commerce platform is already in place. telebirr, the company’s mobile money service, boasts 52.5 million users and 7.5 million SuperApp users, having facilitated ETB 4.1 trillion in transactions to date, averaging ETB 7.6 billion daily.

These figures represent more than just technological access—they signal readiness. With 4G available in 835 cities and 5G already rolled out in 25, Ethio Telecom’s infrastructure is primed to support a national e-commerce revolution.

Zemen GEBEYA is offered as a mini app inside the telebirr SuperApp and includes a suite of integrated tools: a merchants’ portal and mobile app, consumer-facing interface, logistics management tools, a dispatcher app, and a system admin portal. This ecosystem is engineered to create smooth, transparent operations for buyers, sellers, and service providers.

Already, 42 businesses and logistics companies have joined the platform, showing early signs of momentum. Sellers can now manage inventories, reach customers directly, access digital payment tools, and benefit from marketing support—all within a centralized system.

Frehiwot emphasizes the platform’s security and credibility: “telebirr has never faced a security issue, and Zemen GEBEYA is built with the same robust infrastructure. Payments are only released to sellers once buyers confirm product satisfaction. Plus, with integration to the revenue authority, electronic tax receipts are recognized and compliant.”

One of the platform’s biggest value propositions is its role in formalizing Ethiopia’s vast, fragmented market system. For small producers, farmers, and artisans often locked into localized trade networks, Zemen GEBEYA opens a digital gateway to national and even global consumers.

The platform aligns with the goals of Digital Ethiopia 2025—promoting financial inclusion, digital literacy, and e-trade readiness. It’s expected to stimulate local production, encourage logistics innovation, and create jobs in both the digital and delivery sectors.

Zemen GEBEYA also promises real benefits for consumers. By cutting out intermediaries and enhancing price transparency, buyers can enjoy broader product access, reliable delivery, and competitive pricing. For underserved rural communities, this could mean access to goods and services once limited to urban centers.

Logistics providers, meanwhile, gain access to data-driven systems that can optimize routes and service quality. Ethio Telecom sees this as a key growth engine for both startups and established firms in the sector.


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A tripartite Memorandum of Understanding (MoU) has been signed between the Ministry of Transport and Logistics, EthioTelecom, and regional and city administrations to establish a unified, nationwide traffic fine system.

According to the Ministry of Transport, the initiative seeks to create a consistent and transparent framework for managing traffic violations across the country. The new system is expected to significantly bolster law enforcement capabilities and enhance regulatory efficiency by streamlining interactions between authorities and motorists.

The agreement also marks a pivotal step towards digitising the traffic fine process—transitioning from a fragmented, manual approach to a centralised digital platform. This transformation is anticipated to improve operational accuracy, ensure greater transparency, and accelerate the enforcement process.

 


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Safaricom Ethiopia has emerged as a standout player within the Vodacom Group, securing two prestigious awards at the Vodacom Group External Relations 2025 Conference, held from April 7-10 in Fancourt, George, South Africa. The company was recognized for Best Stakeholder Engagement Leadership and Best Youth Empowerment Partner, affirming its growing influence across the continent.

The accolades highlight Safaricom Ethiopia’s strategic leadership and social impact, particularly in its efforts to build trust with key stakeholders and advance youth-focused initiatives. The recognition comes as the company continues to cement its role in Ethiopia’s digital and economic transformation, just over two years since launching operations.

The annual conference brought together Vodacom’s external relations teams from eight markets—Ethiopia, South Africa, Kenya, Mozambique, Tanzania, Egypt, the DRC, and Lesotho—alongside delegates from Vodafone UK, Safaricom Kenya, GSMA, consultants, and leading industry experts. The forum provided an opportunity to share innovative practices, deepen cross-border collaboration, and celebrate exceptional performance.

 



 

Yodahe Arayasalassi, Director of the Ethiopian National ID Program, has been recognized by San Francisco-based Okta as one of 25 global leaders in digital identity. The recognition highlights his pivotal role in shaping Ethiopia’s national identification system, which has already registered over 13 million citizens.

Under Arayasalassi’s leadership, the Ethiopian National ID Program is set to reach 70 million citizens by 2025, providing Ethiopians with secure, accessible, and reliable digital identity solutions. This initiative is a crucial part of the country’s efforts to enhance governance, improve service delivery, and promote financial inclusion.

In a statement shared by Okta, the company emphasized how digital identity has become a cornerstone of global security, particularly in the wake of the pandemic. With the rapid digital expansion, the need for secure digital identities has never been more critical. Okta’s recognition of Arayasalassi underscores the transformative role Ethiopia is playing in the global digital identity landscape.

Okta’s annual Identity 25 honors individuals who have made significant contributions to securing and evolving digital identity systems. The initiative aims to highlight the leaders who are shaping the future of identity, protecting personal data, and ensuring digital inclusivity for all.




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