CBE Ramps Up Digital Presence, Eyes Hospitality Industry

Dec 4 , 2021

The Commercial Bank of Ethiopia (CBE) has partnered with a local fintech company to launch a series of e-commerce platforms for booking and payments in the hospitality industry, a collaboration that positions the developer to compete with international online booking services. The state-owned giant has been working with EagleLion, a technology systems provider established last year, to launch three platforms offering online payment options to clients through Visa, Mastercard, UnionPay, CBE accounts or CBE Birr. One of these is a hotel bidding platform that organisations and clients can use to float tenders for hotel reservation and conference services. The CBE earned close to three billion dollars in remittance and export trade while transacting 529 billion Br through its digital channels last year. It serves 31.4 million accounts with a network of 1,759 branches and over 3,000 ATMs. EagleLion is involved in digitalisation projects across several sectors, including mining and health, but is known for developing remittance and booking systems such as CashGo and GuzoGo.


Mobile Apps Streamline Container Handling

A Chinese private logistics company availed its multilingual mobile applications designed to streamline container handling processes for local businesses. Dubbed arl-shipping.com, the apps are available in Amharic, Oromo, Somali, and Tigrigna, with a competitive monthly fee. Company managements aim to tackle inefficiencies by scanning truck license plates, container IDs, and other details, reducing manual data entry and the potential for errors. Users can also record gate movements with times...


Private Investment Takes Flight in Aviation Industry

Local private operators received the green light last week to expand their services beyond charter flights, offering regular passenger and cargo options. This move by the Ethiopian Civil Aviation Authority is expected to boost the air transport sector, attracting private companies to invest in air travel services. The Authority is partnering with private investors to improve air transport infrastructure by building over 21 new airstrips and helipads in previously underserved areas. Officials...


Safaricom Ramps Up Network Expansion with Locally Made Poles

Safaricom Ethiopia has initiated a three-month procurement process to acquire a total of 68 poles from Woda Metal, the first telecom pole manufacturer in the country. The initial batch of 13 poles was delivered last week, marking a milestone as the first use of domestically produced poles in Ethiopia's telecom sector. Wim Vanhellputte, CEO of Safaricom Ethiopia, praised the high quality and affordability of Woda Metal's poles, which will be crucial for their network expansion goals. The co...