Trade Ministry Foresees Mandatory Cashless Fuel Payment Systems


Trade Ministry Foresees Mandatory Cashless Fuel Payment Systems

Cashless transactions will be mandatory when filling up a fuel tank at gas stations beginning next year. Payment through the digital system will start operation for residents of the capital this month while a nationwide operation is set to start the following month. The transaction is made through the QR code generated by Ethiotelecom's digital payment system Telebirr which was upgraded to a super app last week. According to Frehiwot Tamiru, CEO of Ethiotelecom, there is 99.1pc of 2G connectivity coverage that can accommodate the newly launched service assuring the infrastructure's reliability to shoulder the payment system. "It's developed to work on every phone type," said Frehiwot during the launch ceremony orchestrated at a gas station around Mechare Meda. The site visit was set in two gas stations of the National Oil Ethiopia (NOC) around Mechare Meda and Mexico areas. GebreMeskel Chala, Minister of Trade & Regional Integration disclosed that they plan to make the digital fuel payment system mandatory for all. There are 1,250 gas stations in the country providing services for close to two million vehicles. According to Alemu Sime (PhD), minister of Transport & Logistics, the payment system is integrated with a fuel registration and allocation system with all of the stations nationwide. He said the government’s huge expenditure on the procurement of fuel and its subsidization makes the retail price of fuel in Ethiopia very low in contrast with neighbouring countries. When it is coupled with the lack of a proper regulatory system, black market transactions with neighbouring states are steered creating a shortage in the local market, according to Alemu.

[ssba-buttons]

Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...