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Launches Water Payment Services in Major Towns

May 21 , 2022


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Residents of seven regional towns now have the option to settle their water utility payments through Ethio telecom's Telebirr mobile money platform. The state-owned operator has availed the services in Arba Minch, Harar, Bahir Dar, Finote Selam, Injibara, Dessie, and Combolcha after reaching agreements with the respective administrations. The Information Network Security Agency's Derash integrated payment platform is a crucial cog in the payment scheme. Officials hope the service will enhance the efficiency of water and sewerage service providers. Customers will be able to settle their bills remotely. Telebirr has garnered over 19 million subscribers since it was launched last May. Over 80 "super-agents", 67,000 agents, and 17,000 merchants have signed on. Ethio telecom began piloting pre-commercial 5G network services in Addis Abeba earlier this month.


Radar

MIDROC Picks Austrian Firm for Metekel Plant Machinery

MIDROC Gold Mining has contracted Austria-based CEMTEC (Cement & Mining Technology GmbH) to supply and install equipment for a new gold processing plant in Metekel Zone, Benishangul-Gumuz Regional State. Designed to process up to 1.25 million tn of gold-bearing ore a year, the facility is part of MIDROC's expansion in the area. Under the agreement, CEMTEC will manufacture the plant's key processing machinery and install it at the MIDROC Metekel Gold Plant. The equipment is scheduled for c...


Radar

Food Prices Push Inflation to 15.3pc

Ethiopia's inflation rate rose to 15.3pc in July 2026 from 13.7pc in the same month last year, reaching its highest level in the 13-month period covered by Ethiopian Statistics Service data. Food and non-alcoholic beverages exerted the greatest pressure on consumer prices, with inflation reaching 15.7pc. The increase was driven largely by higher prices for vegetables, meat, dairy products and eggs, fruit, oil and butter, sugar, honey and chocolate, bread and injera. Sugar, honey and chocol...


Radar

State Enterprises Post Revenue Gains in EIH Review

Ethiopian Investment Holdings (EIH) concluded the fourth day of its 2025/26 EFY Annual Performance Dialogue at its headquarters, reviewing key state-owned enterprises overseen by Deputy CEO Habtamu Hailemichael. The dialogue began on August 24, 2026, with the Development Bank of Ethiopia recording a 60pc increase in operating income to 15.9 billion Br. Despite structural and operational difficulties, Ethiopian Mineral Corporation reported year-on-year revenue growth of 48pc to 5.7 billion dol...