Telebirr to Introduce Airline Ticket Sales Feature

Apr 22 , 2022


The country's two largest public enterprises have inked a deal to begin the sale of airline tickets on the state-owned Ethio telecom's Telebirr mobile money platform. Ethiopian Airlines and the telecom operator began piloting the digital ticket sales in February, selling 6.7 million Br worth of domestic and international tickets. Telebirr has garnered over 127 million customers since it was launched last May. It has facilitated transactions worth 12.8 billion Br. The platform also offers options for digital remittances, thus far facilitating the transfer of a little under 530,000 dollars. Ethio telecom has plans to integrate the platform with 20 governmental and non-governmental institutions, allowing users to pay for services online through Telebirr. There are 52 partners using Telebirr for online payments; including traffic fines and utility bills.


Radar

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...