State-owned Telco Dives Further Fuel Digitsation


State-owned Telco Dives Further Fuel Digitsation

Fuel supply chain management, third-party insurance and coupons are availed on the Telebirr platform as the state-owned telecom upgrades its digital ecosystem. The collaborative endeavour includes the Ministry of Trade & Regional Integration, Ethiopian Petroleum & Energy Authority and Ethiopian Petroleum & Supply Enterprise. It will entail integrated information access to the regulating authorities and was unveiled at the Skylight Hotel last week. The announcement comes a week after authorities at the Authority suspended 40 gas stations across the capital and the surrounding Sheger cities for the failure to comply with the digital payment system. Digital fuel coupons aimed at streamlining payment transactions are targeted at decreasing operational costs and improving security for fuel stations. The Ministry of Transport & Logistics through the Road Safety & Insurance fund engaged with Ethio telecom to put forth a third-party insurance digital system which will give companies centralized access, timely payments and real-time reporting.


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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...


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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...


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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...