Premier Switch Solutions Targets Expanded Clientele


Premier Switch Solutions Targets Expanded Clientele

Premier Switch Solutions (PSS) is currently negotiating with more than ten commercial Banks to provide its services beyond its shareholders. The company has extended its strategic partnership with the Moroccan company Société Maghrébine de Monétique (S2M) Worldwide, effective for the next three years, at a ceremony held at Hyatt Regency on Africa Avenue. The partnership, now in its 12th year, aims to drive innovation in the financial services industry by providing innovative digital payment solutions tailored to the specific needs of the Ethiopian market. Amha Tadesse, Group CEO of PSS, stated that "for the past 15 years, PSS has been pivotal for our member banks and the country's digital finance, driven by our vision of 'driving digital solutions for all.'" PSS is a third-party banking technology services provider which initially started with three banks—Awash, Nib, and Hibret banks—in 2009. It later added three more members, namely Addis International Bank, Cooperative Bank of Oromia, and Berhan Bank. It is the first third-party payment processor to be certified by the National Bank of Ethiopia.


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Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


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Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


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City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...