Farmers Foresee Digital Payment Transactions

Dec 24 , 2022

Farmers are set to buy agricultural inputs such as fertilisers through the digital payment systems of the Commercial Bank of Ethiopia (CBE). The Bank has partnered with the Oromia Cooperatives Agency to enable the payment system, with officials signing an agreement last week. According to the officials, the system allows farmers to use CBE mobile banking and CBE Birr to buy inputs from the Agency and Unions in their respective areas after depositing 30,000 Br, allowing transactions without bank accounts or visits to CBE branches. The Bank's President, Abe Sano, said the system would help expedite the transactions in the agricultural sector, pledging to digitise the scheme fully next year. CBE has been providing loans to farmers in the region to purchase agricultural inputs for nearly three decades, with the total value of loans distributed now reaching 36 billion Br.


Mobile Apps Streamline Container Handling

A Chinese private logistics company availed its multilingual mobile applications designed to streamline container handling processes for local businesses. Dubbed, the apps are available in Amharic, Oromo, Somali, and Tigrigna, with a competitive monthly fee. Company managements aim to tackle inefficiencies by scanning truck license plates, container IDs, and other details, reducing manual data entry and the potential for errors. Users can also record gate movements with times...


Private Investment Takes Flight in Aviation Industry

Local private operators received the green light last week to expand their services beyond charter flights, offering regular passenger and cargo options. This move by the Ethiopian Civil Aviation Authority is expected to boost the air transport sector, attracting private companies to invest in air travel services. The Authority is partnering with private investors to improve air transport infrastructure by building over 21 new airstrips and helipads in previously underserved areas. Officials...


Safaricom Ramps Up Network Expansion with Locally Made Poles

Safaricom Ethiopia has initiated a three-month procurement process to acquire a total of 68 poles from Woda Metal, the first telecom pole manufacturer in the country. The initial batch of 13 poles was delivered last week, marking a milestone as the first use of domestically produced poles in Ethiopia's telecom sector. Wim Vanhellputte, CEO of Safaricom Ethiopia, praised the high quality and affordability of Woda Metal's poles, which will be crucial for their network expansion goals. The co...