State Bank Agrees to Handle Water Bill Payment

Jun 8 , 2019


Addis Abeba Water & Sewerage Authority has signed an agreement with the Commercial Bank of Ethiopia (CBE) to enable its customers to pay their bills through the Bank. The new service will enable the Authority’s 560,000 customers to settle their payments from wherever is convenient for them, according to Bacha Gina, president of CBE. Zerihun Abate, CEO of the Authority, admitted that many complaints are lodged against his organisation for the way it collects bills. He expressed his certainty that the new service will completely resolve those issues. Integrating the two organisations’ networks is being completed, according to Derege Fufa, vice president of bank services. “Using such digital technology will help reduce transactions in paper notes,” he said. CBE has already reached such agreements with Ethiopian Electric Utility, Harar Water & Sewerage Authority, Ethiopian Airlines, Document Authentication & Registration Agency and MultiChoice Ethiopia.


Radar

Ethio Telecom Launches New Marketplace with Cash-Back Guarantee

Ethio Telecom has launched Zemen Gebeya, a nationwide digital marketplace integrated into the telebirr SuperApp, offering a secure platform for consumers and businesses to trade goods and services. The platform includes a built-in escrow service, allowing payments to be held temporarily until the buyer confirms delivery. If a product is not delivered or the buyer is dissatisfied, the payment is returned—creating a cash-back guarantee model designed to build trust in online transactions. Lau...


Radar

Ethiopia-Israel Business Forum Opens Doors to Investment Opportunities

The Ethiopia-Israel Business Forum took place last week at the Hyatt Regency Addis Abeba, bringing together Ethiopian government officials and investors from Israel. Officials presented a range of investment opportunities, while Israeli investors expressed interest in entering the market. The forum opened with remarks from the foreign ministers. Gedion Timotheos, Ethiopia's Minister of Foreign Affairs, used his address to extend a formal invitation to the Israeli business community, stressing...


Radar

National Bank Injects Millions Through Foreign Currency Auction

The National Bank of Ethiopia (NBE) is continuing its push to stabilise the foreign exchange market, injecting millions of dollarss into the economy through a series of currency auctions. According to official data, the latest auction was held on May 7, 2025, during which 60 million dollars was supplied to 16 participating banks at an average exchange rate of 132.9643 Br per dollar. In the previous month, the NBE held two auctions: 70 million dollars was offered on April 16 to 26 banks at an...