City Hosts Digital Consumer Security Discourse

Jun 3 , 2023


[ssba-buttons]

Concerns over the guaranteed safety of user data in the digital economy were discussed amongst participants from legal firms, commercial banks and the National Bank of Ethiopia (NBE) last week.  Ensuring data security was the primary focus of the talks. The necessity of proper regulation was asserted, citing the experiences of Uganda and Kenya. Francis Kariuki, the first director of Kenya's Consumer Protection Agency, suggested a partnership between industry participants as crucial in installing an infrastructure capable of providing safety for consumers. Silver Kayondo, a Ugandan lawyer who founded a firm that champions consumer rights in mobile payments, reasoned that creating an organisation that lobbies on behalf of consumers is paramount in settling micro-disputes. According to Silver, most payments made through mobile transfer systems are less than 13 dollars, and the result of going to court is minimal, requiring a balancing actor in between. The panel discussion was organised by FSD Ethiopia with the goal of identifying and addressing the underlying causes of financial system failures. The event took place at the Hyatt Regency, Africa Avenue (Bole Road) and featured opening remarks from State Minister of Innovation & Technology, Huria Ali, and the Chief Executive Officer of FSD Ermias Eshetu.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...