Authentication Agency Latest to Strike Telebirr Deal

Sep 10 , 2022

The Document Authentication & Registration Agency (DARA) is the latest government institution to ink sign up for an electronic payment system under Ethio telecom's Telebirr mobile money platform. The Agency will allow for the settlement of service charges through Telebirr at any of its 15 branch offices, which serve more than 7,000 people a day involving transactions of over six million Birr. The services include the authentication of vehicle sales, rental and loan agreements, as well as memorandums of association. The state-owned Ethio telecom's Telebirr has garnered close to 23 million users since it was launched last May and facilitated transactions valued at over 26.6 billion Br. The platform has been designated as the mode of reimbursement for public transport vehicle owners under the federal government's new dual-rate system at gas stations following the start of a progressive lift-off of fuel subsidies.


Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...