FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Little, Bank of Abyssinia, Visa Launch Contactless Payments

Sep 27 , 2025


[ssba-buttons]

Little, in partnership with Bank of Abyssinia(BoA) and Visa, has unveiled 'Tap to Go', a contactless payment feature designed for international Visa cardholders using ride-hailing services. The service lets passengers pay by simply tapping their Visa card on the driver’s phone, removing the need for cash or manual card entry. Currently available only to holders of international Visa cards, it promises a fast, secure, and convenient option for foreign travelers navigating the city. At the launch, Little’s Country Manager, Barouk Almaw, noted the company’s focus on enhancing urban mobility through technology. “This collaboration marks a new chapter in providing seamless, transparent, and secure mobility solutions for our customers,” he said. The initiative underscores the country's growing momentum in digital payments, particularly within transport and tourism. By leveraging Visa’s global infrastructure alongside local mobility services, 'Tap to Go' seeks to simplify urban travel for international visitors. Little expressed appreciation to its partners and encouraged community engagement as it continues innovating in mobility and payments. For tourists in the capital, paying for a ride has just become as simple as a tap.


Radar

Creditors Open Way for Ethiopia's Eurobond Restructuring

Ethiopia has cleared a key hurdle in restructuring its one billion dollar Eurobond after the Official Creditor Committee (OCC) approved the latest agreement with private bondholders. The OCC said the deal meets its “comparability of treatment” principle, allowing the government to proceed with restructuring the bond, which matured in 2024. The approval follows renewed negotiations after official creditors rejected an earlier agreement reached in January. Under the new agreement, reache...


Radar

University Cutoff Leaves Most Exam Takers Behind

Only 70,544 students, or 12.8pc of those who sat the Ethiopian Secondary School Leaving Certificate Examination (ESSLCE), scored above the 50pc threshold required for university admission. Education Minister Berhanu Nega (Prof.) disclosed the results during a press briefing last Saturday. Nearly 32pc of the successful candidates were from Addis Abeba, giving the city the highest share. Oromia Regional State followed, while Amhara Regional State accounted for the remaining share. The res...


Radar

Dairy Drive Turns to Farmers to Cut Import Reliance

A five-year dairy project targeting 350,000 farmers has increased average milk production per cow by 3.8 litres a day, supporting Ethiopia's effort to replace imported dairy products with domestic output. The Ministry of Agriculture leads the initiative in collaboration with SNV's BRIDGE Plus project. It combines cow-focused advisory services, technology, market links and farmer capacity-building to raise dairy productivity. The work has centred on helping farmers produce surplus milk for sal...