FAVOURED CUSTOMER

Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...

Diaspora Lending Initiative Seeks to Unlock Revenue

The Commercial Bank of Ethiopia (CBE) has unveiled a 50 million Br loan facility for the diaspora, planning to boost remittance inflows. Abie Sano, the bank's President, said Ethiopia could earn over 35 billion dollars by tapping the full potential of its remittance sector. Currently, formal channels account for only 7.2 billion billion dollars roughly 22 percent of the total potential, leaving the country with a 28 billion dollars shortfall in remittance revenue, Abie explained. To bridge...

Third Phase of 100-Day Electricity Upgrade Gets Underway

The second round of a nationwide 100-day plan directed towards reducing power outages and improving grid reliability has been completed. Using GPS technology, the program identified areas most affected by blackouts and carried out targeted upgrades. Works included preventive maintenance across 14.7km in Addis Abeba and 54.75km in regional states, capacity upgrades on 82 transformers, expansion works on 34 units, and installation of new auxiliary transformers on 48 sites. In addition, 294 agin...