Energy Authority Inaugurates Move to Digital

Mar 26 , 2022

The Petroleum & Energy Authority has launched an online platform to provide a range of services. Developed by the Ministry of Innovation & Technology, the platform enables users digital access to 46 different services. These include application for certifications, renewal of documents, replacement of electric works, and licensing for energy service companies. The Ministry introduced an e-government service project last year to digitise the manual procedures at various government institutions. It has since facilitated the transition of a total 331 government services to digital platforms. The Ministry also introduced a transaction proclamation in 2022 to address a lack of legislation to govern e-services. Its officials say various follow-up laws and regulations are in the drafting process.


DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. The training modules, developed in collaboration with The First Consult and BRIDGE, cover several angles of financial literacy, including deposits, digital financial servic...


ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...