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Bankers' Association Takes Billion Birr Stride in Digital ID Registration

Apr 24 , 2024

The Ethiopian Bankers’ Association (EBA) is advancing a national digital ID initiative, awarding a contract to Lamino Engineering S.C., which teamed up with South Africa's BioRugged to supply vital registration kits.

Established six years ago, Lamino Engineering, known for its work with Huawei on the CBE Birr project, will leverage its expertise in IT infrastructures and digital banking solutions.

"We're confident in our capacity to fulfill the project’s goals," said CEO Kidus Gebreselassie.

A consortium of 32 banks is coordinating closely with the National ID Project Office to accelerate the digital registration process over the next two years. These banks are funding the procurement of the registration kits —each priced at up to 3,500 dollars and totaling about 21 million dollars — but also in facilitating the registration process. They are financing the project's cost projected close to one billion Birr, stating its commitment to integrating advanced digital identification systems into the banking infrastructure.

The agreement between Lamino and the Association is scheduled for signing today at the Commercial Bank of Ethiopia (CBE) headquarters, located on Ras Desta Damtew Street.

Editors' Note: This article was updated from its original form on April 24, 2024.

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