Dashen Bank, CR2 Extend Digitalisation Partnership Deal

Feb 5 , 2022


Dashen Bank and CR2, an Irish-owned banking software provider, have extended a partnership deal that would see the Bank move to digitalise its branch network. Dubbed the 'Branch Transformation Programme,' the overhaul will include phasing out traditional teller services in favour of digital points of access such as ATMs and in-branch self-service terminals. The two firms have a history of working together, with Dashen having chosen CR2's BankWorld digital banking platform to provide services to its digital banking customers and the 3.5 million users on its Amole digital wallet. Dashen Bank mobilised 74.6 billion Br in deposits last year through a branch network of 454, 30 of which were newly-opened. The Bank netted 1.73 billion Br in profits last year, recording a 12pc growth.


Radar

Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


Radar

AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Radar

Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


Back
WhatsApp
Telegram
Email