Dashen, Mastercard Launch Multi-currency Payment System


Dashen, Mastercard Launch Multi-currency Payment System

Travellers that can provide essential documents such as passports, visas and air tickets can make payments worldwide through Dashen Bank which avails a multicurrency card with virtual access following its partnership with Mastercard. Dubbed Dashen Mastercard the card is integrated into Mastercard's Payment Gateway System and was availed at the Sheraton Hotel last week. Dashen is one of the first generations of Ethiopian banks that exceeded the minimum paid-up capital requirement put forth by the central bank by 1.6 billion Br while amassing 2.9 billion Br net profit last year. President of Dashen Bank Asfaw Alemu highlighted the service granting of freedom to manage finances from anywhere in the world as a convenient and innovative offering. "It is the first of its kind with features like seamless accessibility and multi-currency," Asfaw told Fortune.


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Parliament Reviews Bill Allowing Foreign Property Ownership

A draft proclamation that would allow foreigners to own or occupy immovable property in Ethiopia has been submitted to parliament by the Council of Ministers. Designed to attract foreign investment, the draft law plans to ensure that Ethiopian citizens retain their right to land ownership and use. According to a statement from the Prime Minister's Office, the draft was among six agenda items discussed and approved during the Council's regular session held on May 2, 2025. The proclamation is e...


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Speeding in the Spotlight as New Safety Drive Begins

The Road Safety and Insurance Fund Service has stated that drivers are responsible for 68 percent of traffic accidents in Ethiopia, with the remainder mainly caused by pedestrians and road conditions. On this topic, the service launched a one-month mass media campaign on last week focused on raising awareness about speeding, the leading cause of traffic accidents. The campaign, under the motto "Slow Down, Speeding Ruins Lives," plans to shed light on the dangers of speeding. Yohannes Lemma, E...


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Askari Metals Secures Five Gold Licenses in Untapped Adola Belt

Askari Metals has acquired 100pc of Rift Valley Metals, gaining five gold exploration licences covering 460sqkm in Ethiopia's Adola Greenstone Belt, part of the southern Arabian-Nubian Shield, a mineral-rich but underexplored region. "The exploration areas—Sakaro, Sakaro West, Lega Dembi South, Megado, and Wayu Boda—lie near Ethiopia's top gold mines, including Lega Dembi and Sakaro, which have produced over three million ounces of gold. The area is known for orogenic gold systems hosted...