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CBE Embarks on Digital Fuel Payment Platform

Aug 20 , 2022

The state-owned Commercial Bank of Ethiopia (CBE) has struck a deal with a local software developer for an application that would enable digital payments at fuel stations. Dubbed "Nedaj", the app developed by Eaglelion System Technology Plc over the past year will be able to integrate CBE accounts to allow users to transact payments for petroleum products. The Bank is rolling out a pilot project using over 1,300 vehicles it owns. Incorporated three years ago with 15 million Br in registered capital, Eaglelion has previously developed micro-credit and digital remittance platforms for Dashen Bank and the Bank of Abyssinia. The CBE has registered over 27.4 million accounts on its digital platforms. Its digital network comprises close to 40,000 CBE Birr agents and 68,000 merchants. The Bank operates over 1,800 branches and close to 2,800 ATMs.

Radar

LOFTY CONSTRUCTS

A painting depicts traditional farming equipment at the Science Museum around the Arat Kilo area. Since the seizing of power by the current administration, large-scale architectural projects marked by grandeur have proliferated across the capital. The satellite city being built in the Yeka mountains, which is set to cost around 600 billion Br, according to the Prime Minister, is one such project yet to see the light of day. Some estimates put the plot size for the project at around 503hct despit...

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Radar

CLEAN BILL

A queue for diagnostics at the nation's largest state-owned hospital, Black Lion. As the health sector is largely funded by development partners from abroad, decreased support as donors shied away due to the war in the North has required the suspension of several new projects. Social health Insurance slated for next year was scraped due to a budgetary shortfall of five billion Birr. With the physician-to-patient ratio titering at around 1:30,000, queues in public hospitals are commonplace in Eth...

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Radar

ACRID GROUNDS

A street vendor puts up pepper for sale around the Lideta area. With agricultural produce accounting for the largest share of the nation's GDP at around 40pc, setbacks in the delivery of fertilizer have become a source of strife in rural Ethiopia. Only a third of the scheduled fertilizer of 1.3 million quintals has been distributed into the hands of farmers this year. This is despite the year being one in which the government claims to have met local demand for wheat and started exporting. Low p...

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