Awash Bank Partners with Discover Global

Aug 21 , 2021

Awash Bank has signed an agreement with Discover Global Network, an international card payment issuer based in Chicago, to facilitate card payments. Following the agreement, those holding Discover, Diners Club International, PULSE and Network Alliance cards can process payment through the Bank's ATMs, PoS and eCommerce sites. The global card issuer has a presence in more than 200 cities and a network of two million ATMs set up for its more than 270 million cardholders. Awash Bank has similar working agreement with Visa, Mastercard and China Union Pay. According to reports from last year, Visa holds 60pc of the market share in the global payment market, Mastercard follows with 30pc while American Express has fallen behind with 8.5pc. Discover Network is estimated to have 1.5pc of the global market share.


ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...