Telecom To Resumes Short-code SMS Numbers

Ethio Telecom has resumed issuing new short code-SMS service numbers. The service was terminated last August. The company reinstated the service with a new control system that requires companies to send messages to customers who agree to receive the texts. Ethio Telecom, the nation’s telecom monopoly, also had terminated the shortcode numbers it issued to 47 companies, stating that they broke the contractual agreements. The companies were sending repetitive text messages without customers’ consent, according to the state telecom giant. The new system will enable Ethio Telecom to quickly take actions on partners that do not comply with this arrangement. Companies whose licenses have been revoked can renew their agreements after meeting the requirements.


Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...