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.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...