E-Passport Service Begins with Local Production Set for October


E-Passport Service Begins with Local Production Set for October

Immigration & Citizenship Services (ICS) has commenced e-passport issuance supported by an inventory of 1.5 million passports, with local production scheduled to begin in October. ICS invested 2.5 billion Br in telecom and data center infrastructure, and an additional 80 million dollar in document procurement. This included 1.5 million passports (50 dollars each), 300,000 alien passports and yellow cards (eight dollars each), and half a million emergency travel documents and laissez-passers (five dollars each) “This is a massive investment,” ICS Deputy Director-General Gosa Demissie told Fortune. Passport holders may continue to utilize their existing documents until expiration. Officials have announced that the e-passport service will maintain the current fee structure and assures delivery within a period of two months and 10 days. Toppan Security Ethiopia S.C., a joint venture established in 2023, has expedited e-passport printing at its 55 million dollar industrial security plant in Bole Lemi Industrial Park. The venture comprises Toppan Gravity (51pc), a subsidiary of Japan-based Toppan Inc., and Ethiopian Investment Holdings (EIH), through its subsidiaries, Berhanena Selam Printing Enterprise (BSPE) and Education Materials Production Distribution Enterprise (EMPDE). Brook Taye (PhD), CEO of EIH, described the arrangement as “one of the most important strategic investments to date.” At full capacity, the plant is expected to print over five million passports annually and will also implement a digital identity verification system. The e-passports feature an embedded chip that stores MRP data and biometric information, including facial recognition, fingerprints, and iris scans, increasing security.

[ssba-buttons]

Radar

AMG Holdings Breaks Ground on Industrial Rail Link to Ethio-Djibouti Railway

AMG Holdings has launched construction on a 2.5-kilometer railway connecting its Sheger Industrial Park to the Ethio-Djibouti Railway's Endode Station. The Ethiopian-led project comprises 1.7 Kms of main track and 800 meters of side rail. Chief Project Manager Engineer Nigist Hailu said the line is expected to be completed within six months, facilitating the transport of raw materials and finished goods to Djibouti's port. More than 100 local workers have already joined the project, with addi...


Radar

Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free depo...


Radar

Oromia Bank, Ethiopian Airlines Introduce Fly Now, Pay Later via Milkii Digital App

Oromia Bank's Milkii Digital App, launched on May 3, 2025, has introduced a “Fly Now, Pay Later” service that lets customers book Ethiopian Airlines tickets using digital loans, with payments spread over six months after travel with 16.5 interest rate and allows customers to book flights upto 300,000 Br. Developed in collaboration with Ethiopian Airlines, the platform is part of a broader effort to expand digital finance and simplify access to services. The initiative seeks to enhance conven...