Trade Ministry Foresees Mandatory Cashless Fuel Payment Systems


Trade Ministry Foresees Mandatory Cashless Fuel Payment Systems

Cashless transactions will be mandatory when filling up a fuel tank at gas stations beginning next year. Payment through the digital system will start operation for residents of the capital this month while a nationwide operation is set to start the following month. The transaction is made through the QR code generated by Ethiotelecom's digital payment system Telebirr which was upgraded to a super app last week. According to Frehiwot Tamiru, CEO of Ethiotelecom, there is 99.1pc of 2G connectivity coverage that can accommodate the newly launched service assuring the infrastructure's reliability to shoulder the payment system. "It's developed to work on every phone type," said Frehiwot during the launch ceremony orchestrated at a gas station around Mechare Meda. The site visit was set in two gas stations of the National Oil Ethiopia (NOC) around Mechare Meda and Mexico areas. GebreMeskel Chala, Minister of Trade & Regional Integration disclosed that they plan to make the digital fuel payment system mandatory for all. There are 1,250 gas stations in the country providing services for close to two million vehicles. According to Alemu Sime (PhD), minister of Transport & Logistics, the payment system is integrated with a fuel registration and allocation system with all of the stations nationwide. He said the government’s huge expenditure on the procurement of fuel and its subsidization makes the retail price of fuel in Ethiopia very low in contrast with neighbouring countries. When it is coupled with the lack of a proper regulatory system, black market transactions with neighbouring states are steered creating a shortage in the local market, according to Alemu.

[ssba-buttons]

Radar

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...


Radar

Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hyatt Regency Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...


Radar

Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...