Team Shega

Ethiopia’s Central Bank Waives National ID Requirement for Diaspora for Two Years

Back in November, NBE mandated that all citizens must register for a national digital ID “Fayda", to open a bank account before a series of deadlines.

Safaricom’s M-Pesa Partners with Dashen Bank, CashGo for Remittance Services

Dashen and M-Pesa are offering a 10% additional markup on average exchange buying rates for a limited time to entice new customers.

Ethiopia’s State-Owned Bank Mops Up 58% of Deposits in Banking Industry

The Commercial Bank of Ethiopia is the only bank that qualified as a large bank in the latest financial stability report by the National Bank of Ethiopia.

Powdered Infant Formula Not Exempt From VAT, Says Ethiopia’s Customs Authority

Several points of contention have arisen between the Commission, finance ministry, and importers since the amended VAT proclamation began enforcement in August.

Ethiopia’s Biggest Private Insurer Integrates MPESA

Awash Insurance customers will now be able to make premium payments, and other insurance-related transactions directly via M-PESA.

Dashen Bank Unveils Ethiopia’s First Banking Super App

Microloans based on transaction history and an AI-powered self-onboarding process that verifies customer identity are some of the app's features the Bank has put in the pipeline.