Fintech Milkii Lifts Borrowing Beyond Collateral

Sep 7 , 2025


[ssba-buttons]

Milkii, a digital lending platform rolled out by Oromia Bank with Quantum Technology, has stormed into the fintech scene with over 60,000 users and 140 million Br disbursed in just three months no collateral required. The mobile app packs eight loan products, from daily income credit for youth and small businesses to salary advances, women-focused financing, school fee loans, and even deferred payments for airline tickets and phone bills. By harnessing AI to open access for underserved borrowers, Milkii signals how digital tools are rewriting the playbook on financial inclusion with speed, convenience, and reach.


Radar

Debt Crisis in Focus as Central Bank Governor Visits China

Eyob Tekalegn (PhD), newly appointed governor of the National Bank of Ethiopia (NBE), made his first official overseas trip to China to discuss debt restructuring. He met with senior officials from China's Ministry of Finance, the People's Bank of China, and the Export-Import Bank of China, and is expected to hold talks with leading financial and commercial institutions. State media reported that the visit builds on the recent debt restructuring agreement with the Official Creditors Committee...


Radar

Blueprint for Safety, Builders Face Tough New Standards

Four key institutions in Ethiopia's construction sector signed an MoU at Skylight Hotel to address chronic safety lapses that cost lives and damage property. The deal brings together the Ethiopian Construction Authority, the Construction Management Institute, the Addis Abeba Construction Permit & Regulation Authority, and the Ethiopian Construction Work Contractors Association. Assistant Director Engineer Abebe Dinku warned that accidents persist despite booming activity, with 24,000 acti...


Radar

Licenses of Ten Auditors at Risk After Alleged Tax Irregularities

The Addis Abeba Revenue Bureau has asked the Accounting & Auditing Board of Ethiopia to revoke the licenses of ten accountants and auditors accused of preparing flawed taxpayer records during the 2024/2025 fiscal year. Officials say a preliminary audit uncovered irregularities that may have cost the government revenue. While disciplinary measures are yet to be confirmed, the Bureau said it would no longer accept financial statements signed by the professionals under scrutiny. Citing pr...