Dashen Bank Partners with Thunes

Nov 13 , 2021

Dashen Bank has partnered with Thunes, a global payment network, to facilitate remittance transfer. Thunes operates in more than 100 countries and offers multiple channels for customers to transfer money to others. In a press conference held last week, Sandra Yao, senior vice president of Thunes for Africa, stated that the partnership with Dashen Bank will enable customers to make real-time transfers to the receiver's Dashen bank account as well as their digital wallet, Amole. Dashen has more than three million customers on its Amole digital wallet, which was introduced in 2018. Dashen Bank has made strides in the digital banking sector over the past few months, having introduced an international payment gateway in partnership with Visa and collaborated with Flutterwave to facilitate remittance flow.



Street vendors around the Shola area take a rest in the shades of the capital's newly planted trees. Upon reporting on its 10-month performance before Parliament, the Agriculture Minister, Girma Amentie indicated that up to 43pc of the arable land in the country has been rendered acidic. This requires large amounts of limestone to be imported from abroad; the tight forex crunch has not allowed the Ministry of Finance to fund the endeavour easily. Following the rallying call of the Prime Minister...



Residents of communal houses around the Weji area hang their clothes on the fences outside. Textile manufacturing accounts for 87pc of Ethiopia's products from industrial parks. Expulsion from the African Growth & Opportunity Act (AGOA) due to the war in the North resulted in Ethiopia being expelled from the preferential trade act. Most companies choosing to rent sheds within the industrial parks do so out of a desire to access the duty-free privileges provided for African countries. Ethiopi...



Vendors put traditional beauty products from the Somali Regional State for sale around Mexico area. In November of last year, the Ministry of Finance banned imported goods under 38 categories, including cosmetics, packed foods, and furniture, from accessing letters of credit. The move resulted in the tripling of costs for cosmetic items like lipstick and nail polish. As Ethiopia ran a 14 billion dollar merchandise trade deficit last year due to import bills hiking by 26pc , a tight clampdown on...