Three Digital Systems Launched for Transport Services


Three Digital Systems Launched for Transport Services

The Ministry of Transport and Logistics, in partnership with Ethio telecom, has launched three major digital systems designed to improve efficiency, transparency, and accessibility across the country. The new digital solutions include the Cross-Country Public Transport Service System, which streamlines bus licensing, ticketing, and payment processes. It enables passengers to book tickets at any time via mobile in multiple local languages, including English, and offers real-time monitoring of public transport operations. The second platform, the Integrated Fuel Supply System Solution, is designed to curb illegal fuel trade and increase accountability. It connects all banks, wallets, and microfinance institutions to a unified fuel transaction system, allowing drivers to pay at any fuel station using various digital platforms, including telebirr. Lastly, the National Traffic Point-Based Penalty Management System was introduced to digitise the nationwide traffic violation and penalty process. The system allows drivers to pay fines and access services through a website, mobile app, or SMS. The digital systems are expected to reduce administrative burdens, improve public service delivery, and foster a more transparent and accountable transport sector. Ethio telecom noted that the platforms were developed in collaboration with local software developers, supporting digital inclusion and job creation.


Radar

Amendment Expands Access for Foreign Traders

Foreign participation in Ethiopia's wholesale, retail, import, and export trade sectors has come under renewed focus as the Ethiopian Investment Board(EIB) approved a significant amendment to Directive No. 1001/2016  in its meeting on May 23, 2025. The amendment, proposed by the Ethiopian Investment Commission(EIC), focuses on refining the legal framework governing foreign investment in these sectors. The decision is part of a broader strategy to enhance the country's appeal as an investment...


Radar

NBE Sets Four Percent Ceiling on Foreign Exchange Fees

The National Bank of Ethiopia (NBE) issued a new foreign exchange market directive on May 20, 2025, that caps commercial banks' forex service fees at a maximum of four percent. Banks are instructed to adapt competitive, transparent, and streamlined pricing for all forex-related services. Effective May 26, 2025, total charges for purchasing foreign exchange whether for imports, service payments, or cash note purchases must not exceed the newly set limit. The directive also prohibits banks f...


Radar

SantimPay Launches Zero-fee Digital Remittance Platform

SantimPay has rolled out FrankRemit, first fully integrated, zero-fee digital remittance platform, in partnership with Bank of Abyssinia(BOA). The service smoothly connects all commercial banks and major mobile money providers, including Telebirr, M-Pesa, and CBE Birr which is a first of its kind in the country. FrankRemit is expected to revolutionise how the Ethiopian diaspora sends money home. Developed locally and tested over the past two weeks with successful transfers from multiple count...