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



Berhan Bank Launches Fuel Payment App


Berhan Bank Launches Fuel Payment App

Berhan Bank announces the launch of its digital fuel payment system, developed with the Ministry of Transport & Logistics. The 'Fuel Aggregator' app advances fuel transaction digitalisation, improving security and process. The system allows Berhan Bank's customers to buy fuel from their accounts using a mobile banking password. It removes the need for cash or interbank transfers, enabling direct account payments. The application links with fuel retailers, letting customers authorise payments through mobile banking password. Berhan Bank’s digital efforts reflect its focus on financial access and service. By embedding banking in daily use, the bank seeks to support users nationwide with a streamlined financial system. The system, first available at selected fuel stations, will expand to all outlets. The bank also plans to add payment options, including QR codes, to increase access. This move reflects the bank’s focus on essential services for users and retailers.

[ssba-buttons]

Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the proliferat...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...