GREEN TIDINGS


GREEN TIDINGS

A row of kiosks around the Stadium area were painted green to mark their functions as Telebirr agents. Ethiotelecom's two-year-old mobile banking platform has stormed the digital finance landscape, reaching 34 million subscribers. The preferential access given to the state operator in facilitating several utility payments and its near monopoly over fuel payments has set up the centenarian service provider with a comfortable cushion in the foreseeable future. While Safaricom Ethiopia's M-pesa service launched in late September, it must significantly penetrate the market to catch up to state-owned telco's access to more than 70 million mobile subscribers. The scope and ease of use of digital finance tools are set to disrupt the long-standing dominance of the traditional banking industry in the coming few years, especially in Africa.

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Radar

Milkii App Disburses 25 Million Br in Collateral-Free Loans in Two Months

Oromia Bank's new collateral-free digital lending app, Milkii, has disbursed 25 million Br in loans without requiring collateral. Of this, 16 million Br has already been repaid, generating 1.4 million Br in revenue within just two months. Developed in partnership with Quantum Technology PLC, the app plans to make lending more accessible and inclusive, aligning with Oromia Bank's contribution to the Digital Ethiopia initiative. According to a press release, Milkii promotes financial inclusi...


Radar

Ethiopia Partners with UK to Ease Shipping Bottlenecks

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) and the British International Freight Association (BIFA) signed a memorandum of understanding (MoU) on May 27, 2025, at Hyatt Regency Addis Abeba, to address skills gaps, customs delays, and corridor inefficiencies in the freight and logistics sector. The partnership focuses on technical cooperation, training, and regulatory reform. With over 90pc of trade dependent on the Djibouti corridor, rising congestion, customs...


Radar

Education Authority Sanctions Mishqen College for Rule Violations

The Education & Training Authority has issued a decisive directive last week, mandating legal action against Mishqen College for persistently defying regulatory orders and unlawfully continuing to offer higher education services. Mishqen College had previously been licensed to conduct undergraduate distance learning programs across multiple regions from 2019 to 2022. However, after serious regulatory breaches, the institution was ordered to cease all instruction, complete pending academic...