Associations Eye Outsourcing Business Process

Apr 15 , 2023


[ssba-buttons]

Fresh ICT graduates and young tech professionals are hoping to work for international technology companies as the newly established outsourcing association starts its operation in Ethiopia. The association will provide a platform for tech professionals to capitalize on the opportunity, delegating IT-related business operations to independent contractors known as business process outsourcing (BPO). At the inaugural ceremony held last week Belete Mola (PhD), minister of Innovation & Technology, said associations will play a vital role in linking the workforce with prospective employers in the tech industry and in foreign currency generation. He said that BPO is one of the areas that will be given due attention as the nation strives to realize a digital Ethiopia by 2033. The Ministry pledges its assistance to companies and outsourcing associations by providing technical support and working space in the newly built ICT park. Following the Indian BPO market which is the primary choice for many tech companies becoming expensive to outsource their employees, many tech businesses are shifting their focus to the African BPO market.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...