Ethio-Djibouti Rail Introduces New Stations to Commuter Service

Feb 26 , 2022


[ssba-buttons]

The Ethio-Djibouti Railway has added five new stations to its commuter service from Addis Abeba to Djibouti, bringing the total to 19. The 765Km long railway, which is Africa's first fully-electrified transboundary railway, transported over 77,300 shipping containers between Ethiopia and Djibouti last year. It managed a little over 86 million dollars in revenues over the period, a 37.5pc jump from the figure recorded in the previous year. The Railway's refrigerated train service is an important cog in the export of horticultural products, while other goods it transports include imported fertiliser, wheat, edible oil and vehicles. The Railway transports around a quarter of Ethiopia's export and import freight to and from ports in Djibouti.


Radar

Bank of Abyssinia Signs Partnership with Droga Cooperative

Bank of Abyssinia has entered into a partnership agreement with Droga Health & Financial Savings and Credit Cooperative to provide financial support and services for its members. The agreement was signed yesterday at the Bank's headquarters. The deal aims to strengthen collaboration between the two institutions, enabling cooperative members to access tailored banking services. It was signed by Wosenyeleh Abera, Deputy CEO for Customer Relations and Marketing at the bank, and Zelalem Yilma...


Radar

Wegagen Introduces Real Time SWIFT Tracking

Wegagen Bank has launched a new mobile app feature enabling customers to track international SWIFT payments in real time. The bank is the first in Ethiopia to introduce an online SWIFT payment tracking system. By integrating SWIFT Global Payment Innovation, customers, particularly those involved in import-export trade, can monitor cross-border transactions using a Unique End-to-End Transaction Reference (UETR) directly from their smartphones. To use the service, customers select the SWIFT...


Radar

National ID, Zambia Partners to Expands Program Reach

The National ID Program has signed an agreement with Zambia's counterpart to provide consulting services for the development of software that will issue digital IDs. It is the first time the institution has extended its expertise beyond national borders, a sign of growing recognition for its rapid progress. Program officials described the partnership as a milestone in their effort to position themselves as a regional player in digital transformation. The collaboration is expected to center...