Awash Insurance Taps M-PESA for Digital Payment Solutions


Awash Insurance Taps M-PESA for Digital Payment Solutions

Safaricom M-PESA has entered a strategic partnership with Awash Insurance to integrate its services into the M-PESA payment platform. This collaboration would present customers with secure, efficient, and convenient mobile payment options for insurance-related transactions. Awash Insurance will now be able to receive payments like premium payments and other insurance-related transactions directly through M-PESA. It is believed that it will enhance the speed, security, and accessibility of payment and increase the adoption of mobile finance services in the country. Elsa Muzollini, CEO of Safaricom M-PESA, stated that Safaricom is simplifying the way businesses and customers interact by making an accessible, efficient, and time-saving mobile payment system. "Together, we are not just improving transactions; we are also contributing to the realization of Digital Ethiopia," said Jibat A. Faji, CEO of Awash Insurance, adding that the insurer is fostering innovation and empowering customers with the tools to secure their futures in a digitally connected world. He stated that the partnership aligns with their company’s strategic transformation plan, which emphasizes the need for products and services to be accessible, efficient, and real-time. He added that they have been investing in cutting-edge systems and communication technology that save restricted information customers time and money.

[ssba-buttons]

Radar

Parliament Enacts Solid Waste Management, Disposal Proclamation

Parliament has unanimously passed the solid waste management and disposal proclamation, marking a decisive move toward environmental sustainability. It mainly introduces stringent penalties for the use and distribution of single-use plastic bags, focusing on reducing pollution and promoting responsible waste practices. Under the new proclamation, individuals carrying plastic bags face fines ranging from 2,000 to 5,000 Br, while commercial producers, importers, and retailers may be fined betwe...


Radar

NBE Sustains Dollar Supply as Exchange Rate Rises

The US dollar rose to an average of 134.95 Br in the seventh round of the National Bank of Ethiopia's (NBE) foreign exchange auction held on June 5, 2025. This marks a steady increase from 133.17 Br in the previous round and 132.90 Br in the fifth. In the latest bi-weekly auction, the central bank offered 50 million dollars to 12 commercial banks. By comparison, 60 million dollars was supplied to 16 banks at 132.96 Br in early May. In April, two auctions distributed 70 million dollars to 26 b...


Radar

Holland Dairy Unveils Cold Facility, Reinforces Eco Goals Through New Treatment Plant

Holland Dairy has officially inaugurated a cold storage facility and commissioned a wastewater treatment plant, marking a significant step forward in its commitment to growth and sustainability. The event was attended by the Mayor of Bishoftu and the Ambassador of the Kingdom of the Netherlands to Ethiopia, showcasing both national and international support for the initiative. The new cold storage facility, with a capacity of over 400,000 liters of yogurt, is designed to enhance supply chain...