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Safaricom Introduces Cashless Fuel Payments with M-PESA


Safaricom Introduces Cashless Fuel Payments with M-PESA

Safaricom has introduced a new digital payment service, allowing customers to pay for fuel using M-PESA. The "Pay for Fuel with M-PESA" service was officially launched on May 7, 2025, at the Bole Total Fuel Station on Bole Road. This initiative aims to enhance convenience for drivers by enabling quick and secure transactions without the need for cash or waiting for change. During the launch event, M-PESA CEO Elsa Muzzolini highlighted the significance of this development as a step towards simplifying daily transactions through innovative digital solutions. The service is designed to cater to various users, including cab drivers requiring efficient payment methods during busy schedules, logistics businesses dependent on timely refueling, and families seeking hassle-free ways to manage daily commutes. On May 8, 2025, State Minister of Transport and Logistics, Bareo Hassen, noted that the digital fuel trading system, part of the national fuel reform implemented since 2024, is yielding significant results. He reported that over 430 billion Birr in digital transactions have been conducted since the system's implementation in 2025. The State Minister also urged all institutions to adopt this process and conduct all fuel sales digitally.

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Abay Bank Lists on Ethiopian Securities Exchange as Fifth Entrant

Abay Bank Share Company began trading on the Main Board of the Ethiopian Securities Exchange (ESX) on June 25, becoming the fifth company to list after registering its ordinary shares with the Ethiopian Capital Market Authority (ECMA). The stock debuted at 1,800 Br a share, making all 9.66 million ordinary shares immediately tradable. The listing follows a year of strong financial and digital growth. For the fiscal year ended June 30, 2025, the bank reported a three-billion-Br profit, assets...


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Court Freezes Bank Accounts and Assets in Cosmo Trading Dispute

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Bule Hora, Kebri Dehar Universities Sign Austrian Partnership

Bule Hora and Kebri Dehar universities have signed separate memoranda of understanding with Austria's Leoben University to strengthen training in mining, petroleum and energy as Ethiopia seeks to build resource-based industrial capacity. The partnerships aim to enhance academic and practical skills in mining engineering, petroleum studies and energy systems, disciplines viewed as critical to the country's long-term extractive and industrial ambitions. Under the agreement, Bule Hora Univers...