State Telco, Transport Ministry to Ink Fuel Deal

Jul 2 , 2022


[ssba-buttons]

The state-owned Ethio telecom and the Ministry of Transport & Logistics are set to officialise a deal that would see transport vehicles use the former's mobile money platform to pay for fuel at gas stations. Federal transport authorities have identified a quarter of a million vehicles providing public transport services that are set to continue receiving fuel subsidies for the coming five years. All other vehicles will see subsidies lifted off next financial year, paying full price at pumping stations by next July. Transport vehicles will receive a personal identification number (PIN) code that allows them to pay at gas stations using Telebirr, where data on vehicles and their owners is stored. Hundreds of transport providers had registered on the platform by the middle of last month.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...