Nisir Microfinance Donates Thermometers

Jun 20 , 2020


Nisir Microfinance Institution S.C., which serves close to 7,000 clients in the country, has donated temperature gauging thermometers to the Ministry of Health for its efforts against the Novel Coronavirus (COVID-19) pandemic. The thermometers, valued at half a million Birr, also have an in-built, hands-free sanitising feature. It also takes pictures of the individuals and can relay Android-based messages. The State Minister for Health, Dereje Duguma, received the donation in person and noted that the public should heed health precautions since the pandemic is spreading at a faster and wider rate. Nisir Microfinance, established in 2014, is one of the 40 similar institutions providing credit services and savings solutions to individuals.


Radar

Digital Heights for Coop Bank, Profits Dip

The Cooperative Bank of Oromia (CBO) announced that a total transaction volume of 1.36 trillion Br was made through 489.5 million transactions on its digital platform, Coopay E-Birr. Fuel payment transactions alone reached 1.15 billion Br across 105,500 transactions. The platform added 8,959 agents, 32,840 merchants, and 3.85 million new subscribers in the year. However, at 2.51 billion Br, the Bank's gross profit before tax declined by 26pc from last year's 3.39 billion Br. Board Chai...


Radar

AI-Powered, Sharia-compliant Digital Financing for MSMEs, Consumers Debuts

ZamZam Bank, in partnership with Kifiya Financial Technology, has launched a Sharia-compliant digital financing service, "Ansar Digital Financing". The service, which the Bank asserts is Ethiopia's first, aims to transform access to financial services for micro, small, and medium enterprises (MSMEs), particularly women and informal sector workers. The announcement was made during a formal launch event held at the Haile Grand Hotel last week. Melika Bedri, president of ZamZam Bank, stated that...


Radar

Local, International Firms Cooperate to Bridge Skill Mismatch

In a bid to address the pervasive skill mismatch, Geez Education & Training Plc (GET) has allied with International financial and management institutions to bridge the gap. Three international institutions, the Global Academy of Finance & Management (GAFM), the American Academy of Project Management (AAPM), and California State University, Dominguez Hills (CSUDH), have entered into a cooperation with GET at an event held last week at Skylight Hotel. Officials believe the move will con...