Launches Water Payment Services in Major Towns

May 21 , 2022


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.


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Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


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Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


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Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


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