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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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Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunition, construction materials, coffee, vehicle spare parts, cosmetics, khat, narcotics, minerals, livestock and foreign currency. The Addis Abeba Airport, Moyale and Awash customs branches recorded the largest seizures, valued at 115 million Br, 93 million Br and 61 million Br, respectively. Authorit...


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Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br, deposits doubled to 24 billion Br, and capital increased 202pc to 7.45 billion Br. Digital transaction value surged 86pc to 41.72 billion Br, foreign currency earnings reached 158 million dollars, and total banking transactions hit 615.39 billion Br. The bank also disbursed 1.5 billion Br in col...


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Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the bank's capital base and strengthen shareholder value. The offering will run until September 17, 2026, and is open to existing shareholders and new investors who meet ESX requirements. It is open to existing shareholders and new investors who meet ESX requirements...