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Awash Bank, M-PESA Launch Digital Overdraft Service

Awash Bank, M-PESA Launch Digital Overdraft Service

Awash Bank has partnered with M-PESA Ethiopia to introduce "Errif be M-PESA," which means "rest with M-PESA" in Amharic. This digital overdraft service allows users to complete transactions even when their wallet balances are insufficient. Launched through a strategic agreement, this initiative is directed towards expanding access to digital savings and credit. Awash Bank's CEO, Tsehay Shiferaw, emphasised the bank's commitment to investing in technology-driven financial services. Meanwhile, M-PESA's CEO, Elsa Muzzolini, remarked the partnership's role in promoting financial inclusion through data-driven lending. By combining Awash Bank's banking infrastructure with M-PESA's mobile platform, this collaboration seeks to enhance access to financial tools for underserved communities.

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Radar

Revenue Drive Intensifies Following 900 Billion Br Milestone

The Minister of Revenue announced plans to collect 1.28 trillion Br in the upcoming fiscal year. This announcement was made during a discussion forum organised by the Ministry of Revenue (MoR) and the Customs Commission, which included senior leaders, employees, and relevant stakeholders. The event, themed "We will achieve our mission through coordinated leadership and active participation of employees," served as the platform for this important announcement. According to the ministry, they s...

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Parliament Endorses Electoral Law Change Tying Party Support to Member Contributions

Federal legislators have ratified a contentious amendment to the Ethiopian Electoral, Political Parties' Registration, and Elections Code of Conduct Proclamation, revising the criteria political parties must meet to access government funding. The revised proclamation requires political parties to secure at least 20pc of their income from membership contributions in order to qualify for government grants. The clause passed with a majority vote in parliament, with two votes against and four abs...

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City Unveils Major School Expansion Across 11 Districts

Addis Abeba City Administration has launched 150 education projects valued at over 5.2 billion Br ahead of the 2026 academic year. Spread across the capital's 11 districts, the rollout includes 14 newly built schools and upgrades to 64 existing facilities, adding 1,655 classrooms alongside ICT labs, libraries, and sports fields. City officials say the investment is part of efforts to improve access and quality of education, with infrastructure designed to accommodate students with disabilitie...

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