@TechInAfrica – Ethiopian Business Review

Oromia Bank, in collaboration with the Ministry of Transport and Logistics, has implemented a technology that allows easy payment of fuel bills through the Milki digital financing application.

Following the implementation of the new Milki digital financing application by Oromia Bank, a grand launch event was held in the presence of senior officials of the Ministry of Transport and Logistics and relevant stakeholders.

In his message at the launch event, the CEO, Teferi Mekonnen, said Our bank is implementing a wide range of activities to support the digital payment strategic plan of our country Ethiopia, especially those that reduce cash circulation and promote digital payment services and transactions; Obo Teferi, who said that large-scale works supported by technology are being carried out, said that the work of digitizing fuel transactions through the Milki app that we are announcing today is a significant example.

The Director of the Fuel Subsidy Project Office of the Ministry of Transport and Logistics, Selman Mohammed, said; The steps taken by Oromia Bank to modernize the fuel transaction system by understanding the comprehensive digitalization plan of the government is commendable. He further called on the bank to continue its digitalization work in other sectors.

Among the partners of Oromia Bank who attended the program; Dr. Yusuf Elmali, General Manager of Oil Libya Ethiopia, said that the application developed by Oromia Bank is convenient for fuel transactions, and that the technology will modernize fuel transactions.

In a message sent by the Chairman of the Board of Directors of Oromia Bank, Dr. Assefa Sime, he said that Oromia Bank is working on a multi-faceted digitalization project, which is bearing fruit. He urged that this comprehensive digitalization work continue to be strengthened.

According to the Bank, Oromia Bank is the first bank to implement a system that allows customers to obtain loans even if they do not have money in their account, including making fuel payments, by launching the Milky Digital Financing application on the application developed by the Ministry of Transport and Logistics to modernize fuel transactions.

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.

Oromia Bank and Ministry Partner to Digitise Fuel Payments

Ethiopia’s Digital ID Chief Named Among World’s Top 25 Identity Leaders by Okta