Customs Commission Launches Digital Payment System


Customs Commission Launches Digital Payment System

A digital platform that allows customers of the Customs Commission to settle tax and commission payments was launched last week. The payment system is rendered through the Telebirr App powered by Ethiotelecom with officials hoping to ease the hustle faced by customers to make payments. Commissioner Debele Hika said the partnership culminates the commissions' desperate search to work with reliable digital financial service providers since prior attempts failed after huge investments. According to Frehiwot Tamiru, CEO of Ethiotelecom, such strategic partnerships are targeted to complement the organisation's aim of 'beyond connectivity' by utilizing the telecom infrastructure and elevating the provided services. A partnership agreement was penned between the CEO of Ethiotelecom, Frehiwot Tamiru and Customs Commissioner, Debele Qebeta at Hyatt Regency located on Africa Avenue (Bole Road). Bazezew Chane, deputy commissioner, the system will enable the Commission to easily collect payments, avoid CPO fraud and minimize operational costs by integrating modalities demanded by the complex nature of tax assessment.

[ssba-buttons]

Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses today, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payments. The bank...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...