Ethiopia Hosts World Bank Leaders to Chart a Course for Growth and Development

Jul 29 , 2023


[ssba-buttons]

World Bank President Ajay Banga will be in Ethiopia this week with a particular focus on creating job opportunities for women and youth. He plans to visit textile and shoe manufacturing companies and malt producers which source their input from the local farmers while meeting with small-scale business owner women. During the two-day visit, he will meet with Prime Minister Abiy Ahmed, Minister of Finance Ahmed Shide and the Governor of the National Bank of Ethiopia Mamo Mihretu. He will also discuss the partnership between the World Bank and African Union with the African Union Commission Chairperson Moussa Faki Mahamat. Ajay is joined by Victoria Kwakwa, the vice president for Eastern & Southern Africa and Mohamed Gouled, the vice president for industries at International Finance Corporation which will be followed by a visit to Nigeria, Peru, Jamaica and India. The global tour is heralded as a step towards a new direction for the 78-year-old institution.


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...