State-owned Telco Dives Further Fuel Digitsation


State-owned Telco Dives Further Fuel Digitsation

Fuel supply chain management, third-party insurance and coupons are availed on the Telebirr platform as the state-owned telecom upgrades its digital ecosystem. The collaborative endeavour includes the Ministry of Trade & Regional Integration, Ethiopian Petroleum & Energy Authority and Ethiopian Petroleum & Supply Enterprise. It will entail integrated information access to the regulating authorities and was unveiled at the Skylight Hotel last week. The announcement comes a week after authorities at the Authority suspended 40 gas stations across the capital and the surrounding Sheger cities for the failure to comply with the digital payment system. Digital fuel coupons aimed at streamlining payment transactions are targeted at decreasing operational costs and improving security for fuel stations. The Ministry of Transport & Logistics through the Road Safety & Insurance fund engaged with Ethio telecom to put forth a third-party insurance digital system which will give companies centralized access, timely payments and real-time reporting.


Radar

Exchange Ponders Adding Salt to its Floor

The Ethiopian Commodity Exchange (ECX) is considering adding salt to its list as the 24th tradable commodity. Executives are currently conducting feasibility studies and preparing sales contracts. Last week, Ali Muhammed, deputy administrator of the Afar Regional State, and Ali Behani, Head of the Regional Mining Bureau, visited the ECX headquarters in the Mexico area. They said regional salt miners and processors are not adequately compensated for their production, with hopes that the EC...


Radar

Public Service Sector Receives Data Privacy Training

Staff members from the National Bank of Ethiopia, the Ministry of Trade & Regional Integration and the Ministry of Revenues received a three-day training on data privacy and protection over the past week. The training aimed to equip participants with the skills of proper data breach notification procedures, minimising risk of exposure, and secure data transfer practices to safeguard personal data during transmission. It was given by the Business Environment and Investment Climate (BEI...


Radar

Unleashing Millions for Micro-Entrepreneurs with Digital Loans

A 100 million-dollar program to scale up six financial institutions to facilitate digital non-collateral loans to micro, small and medium enterprises (MSMEs) was launched last week. Drawing experience from the first digital non-collateral lending platform dubbed Michu powered by Cooperative Bank of Oromia (COOP), the program coupled with Amhara, Bunna, Enat, Wegagen and ZamZam banks. Last year, Coop dispersed 946 million Br loans to farmers through cooperative unions and MSMEs, reaching m...


Back
WhatsApp
Telegram
Email