News

Safaricom Ethiopia Reports Strong Growth Despite Market Challenges

Safaricom Ethiopia's service revenue rose by 179% to 6.5 billion Birr, while net losses narrowed by 23% to 26.2 billion Birr in the first half of the financial year.

Half of Ethiopia’s Primary Students May Lack Textbooks as Gains Unravel

New survey shows only ~50% of Ethiopia’s primary students have access to textbooks, a sharp drop from near universal coverage in the 2010s.

Ethiopia Introduces Electronic Phytosanitary Certification for Agricultural Exports

Ethiopia launches an EU- and TradeMarkAfrica-funded e-Phyto system to digitize export certification, cutting days-long processes to hours.

Ethiopian Airlines Enables Debit Card Payments Through Chapa’s Payment Gateway

Chapa Financial Technologies now enables ATM card payments for Ethiopian Airlines customers.

Ethiopia Raises Power Tariffs for Crypto Miners in New Cost-Recovery Drive

Ethiopia is raising electricity rates for crypto miners. Starting Dec. 1, time-of-use and availability-based tariffs will replace the old flat rate, signaling the end of cheap, 24/7 energy contracts.

EthSwitch Rides P2P Wave as Profits & Expenses Reach Historic Highs

EthSwitch, closed the fiscal year ending June 2025 with record growth, gross profit up 34% to 1.4 billion birr and revenue up 49% to 2.2 billion birr, driven by a surge in digital payments.

Ethiopia's Central Bank Moves Against Businesses Using Personal Bank Accounts

Ethiopian banks must now gather and submit detailed records to NBE identifying businesses and traders using personal or third-party bank accounts for commercial transactions.

Engida Travel Unveils Superapp for Bus Ticketing and Trip Management in Ethiopia

Engida Travel has launched Liyu Bus, a new superapp aiming to digitize Ethiopia’s intercity travel bringing e-ticketing, trip management, and in-app payments into one platform.