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CBE Unveils StarPay Electronic Payment Service


CBE Unveils StarPay Electronic Payment Service

The Commercial Bank of Ethiopia (CBE) has launched StarPay, a digital payment gateway linked to its banking platform that works both online and offline. Ephraim Mekuria, Acting President of CBE, said digital transformation is now a necessity, highlighting the app’s ease in transferring money. Developed with StarPay Financial Technologies (Eaglelion Technology Plc), the platform provides customers with seamless digital banking, payments, accounting tools, and VAT return submission to the Revenue Authority. Mekuria noted that StarPay aligns with the Digital Ethiopia 2030 agenda and meets growing demand for efficient, accessible services.

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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...


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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 prolifera...


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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...