Insurers Lobby Inks Deal with Bruh Finance

Oct 15 , 2022


[ssba-buttons]

Bruh Finance and the Ethiopian Insurers Association, an industry lobby group, have inked deals to jointly provide insurers with training and technical support in compliance with the Chartered Insurance Institute standards. The supports include professional capacity building, technology transfer, and expanding life insurance products. Established in 1990, the Association works to promote and advance the insurance industry and acts as a medium of consultation and communication with the National Bank of Ethiopia (NBE), the regulatory agency. Bruh Finance works with various financial institutions in different countries: Chartered Insurance Institute, GB & CO Chartered Accountants, The London Institute of Banking & Finance, and CISI Education Partner - to accelerate the competence of financial institutions by providing banking, insurance, and capital market support with internationally recognized insurance experts. Close to two dozen insurers provide general and life insurance services.


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...