Private Telecom Enters an Alliance with State-owned Bank


Private Telecom Enters an Alliance with State-owned Bank

Topping up services for Safaricom customers using Commercial Bank of Ethiopia (CBE) USSD, Mobile application and CBE Birr USSD options are up free of service charge. The state-owned bank which boasts 1.2 trillion Br in assets and 1880 branches will have access to Sa-faricom's digital infrastructure along with assistance in other financial technologies. President of CBE, Abe Sano signed the agreement with the CEO of Safaricom Ethiopia, Anwar Soussa in a bid to foster "a mutually beneficial long-term journey", at an event held at the headquarters of CBE last week. Safaricom is the only foreign company in Ethiopia which offers telecom service aside from state-owned Ethiotelecom which still has the bulk of the market share. The Kenyan-based telecom operator entered the Ethiopian market last year to a customer base stripped of alternatives. Safaricom has within the last month entered into partnerships with other private banks like Awash Bank and the Bank of Abyssinia.


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Parliament Reviews Bill Allowing Foreign Property Ownership

A draft proclamation that would allow foreigners to own or occupy immovable property in Ethiopia has been submitted to parliament by the Council of Ministers. Designed to attract foreign investment, the draft law plans to ensure that Ethiopian citizens retain their right to land ownership and use. According to a statement from the Prime Minister's Office, the draft was among six agenda items discussed and approved during the Council's regular session held on May 2, 2025. The proclamation is e...


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Speeding in the Spotlight as New Safety Drive Begins

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Askari Metals Secures Five Gold Licenses in Untapped Adola Belt

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