Mobile Money Could Add $5.3bkn to Ethiopia’s GDP
ADDIS ABABA – Mobile money services could add $5.3 billion to Ethiopia’s GDP and lift 700,000 people out of poverty, provided “certain enablers are in place.”
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Ethiopian Monitor
Daily News from Ethiopia
#Mobile Money
NBE Grants Mobile Money License to Safaricom’s M-Pesa
ADDIS ABABA – The National Bank of Ethiopia (NBE) says today it has issued a mobile money service license to Safaricom M-Pesa Mobile Financial Service Plc, a subsidiary of Safaricom Telecommunication Ethiopia Plc.
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Ethiopia Amends Payment System Law to Allow in Foreign Operators
ADDIS ABABA – Ethiopia has amended its National Payment System Proclamation, allowing foreign operators to engage in payment system business in the country.
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Govt to Grant Safaricom Licence to Launch M-Pesa in Ethiopia
The government agree to grant Safaricom a license to launch the M-Pesa mobile money services in Ethiopia
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Report Reveals Five Barriers African Women Face in Digital Finance
A new ECA report reveals persistent barriers in the digital finance sector that limit women’s economic empowerment in Africa.
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Pandemic Spurs Use of Digital Payments in Africa
ADDIS ABABA – Mobile money adoption in Sub-Saharan Africa has surged significantly after the Covid-19 pandemic spurred financial inclusion globally, a new survey issued by the World Bank noted.
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Safaricom Marks 15-year Anniversary of its M-Pesa Service
ADDIS ABABA – SAfaricom has celebrated the 15-year anniversary of the launch of M-Pesa, a mobile phone-based money transfer service that the Kenyan telecom firm started together with Vodafone in March 2007.
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Ethio Telecom Launches Modular Data Center
ADDIS ABABA – Ethio Telecom, the sole provider of telecom services in Ethiopia, has launched a Tier III Ready Modular Data Center, powered by Huawei, on Thursday.
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Ethiopia Allows Local Telecom Firms to Provide Mobile-Money Services
ADDIS ABABA – The National Bank of Ethiopia announced it will allow locally-owned non-financial institutions to start offering mobile money services in a bid to boost non-cash payments in the country.
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