Cashless Horizons


Cashless Horizons

A lonely street juxtaposes the Addis Abeba Science Museum with the skyscraper of the Commercial Bank of Ethiopia (CBE) around Taytu Street. The global push towards digitisation has gripped Ethiopia in the form of Digital Ethiopia 2025. The push towards a cashless society that "records all transactions for the government and provides convenience to citizens" is the running model. With an adult literacy rate of 51pc and internet coverage to only a quarter of the population, going cashless seems unlikely. The World Bank ranked Ethiopia 159 out of 190 for ease of doing business in 2020. Unceasing crashes of systems only serve to push down the ranking.

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Revenue Drive Intensifies Following 900 Billion Br Milestone

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Radar

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