Lowland Livelihood Project Completed in Dubti

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...

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...

Diaspora Lending Initiative Seeks to Unlock Revenue

The Commercial Bank of Ethiopia (CBE) has unveiled a 50 million Br loan facility for the diaspora, planning to boost remittance inflows. Abie Sano, the bank's President, said Ethiopia could earn over 35 billion dollars by tapping the full potential of its remittance sector. Currently, formal channels account for only 7.2 billion billion dollars roughly 22 percent of the total potential, leaving the country with a 28 billion dollars shortfall in remittance revenue, Abie explained. To bridge...