FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



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

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...