Dashen Bank Boards Ethiopian Skies


Dashen Bank Boards Ethiopian Skies

A digital credit service that offers customers post-flight payment modalities for up to a year was launched by Dashen Bank and integrated into the Ethiopian Airlines application last week. The system is developed by Dashen's internal department and is integrated with the national carrier's FlyGate application, enabling credit limits of up to 600,000 Br while accessible by Ethiopian's mobile app for ticket purchases. Dubbed 'fly now, pay later', the system was launched at the Skylight Hotel. Yohannes Million, chief digital banking officer of the Bank expressed excitement over the new venture, lauding it as part of Dashen's aspirations to excel in the deployment and use of technology.


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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...


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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...


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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...


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