Munir Shemsu

Ethiopia’s Biggest Private Bank Partners with M-Pesa for Digital Credit, Saving Services

Awash Bank and M-Pesa have entered a strategic partnership to provide a host of digital microcredit and savings services. Errif be MPESA, a digital overdraft service was first in line.

Ethiopia Opens Treasury Bill Market to Public as Nascent Exchange Begins Executing Trades

Ethiopia’s stock exchange officially commenced trading, marking a new phase in the country’s economic reform agenda. The debut featured live trades in shares of Wegagen, Gadaa Bank, and T-bills.

Can Foreign Banks Raise the Bar in Ethiopia's Digital Finance?

Foreign banks entering Ethiopia have the opportunity to leapfrog outdated metrics like branch counts or ATM networks and instead compete through superior digital financial services.

Safaricom Averages 30K New Customers Daily in Ethiopia

Safaricom Ethiopia invested roughly 300 billion Birr over four years on its way to 10 million 90-day active subscribers cementing itself as formidable competitive player in Ethiopia's telecom duopoly.

Gadaa Bank Becomes Second Bank to List on Ethiopia’s Securities Exchange

Gadaa Bank has become the second bank to list on Ethiopia’s Securities Exchange, registering over 1.23M shares. It joins Wegagen as the second bank to list shares on ESX.

BirrLink Receives Payment Gateway License from National Bank of Ethiopia

After over a decade in digitization, reengineering and BPO services, Faris Technologies is leveraging its institutional experience to launch a new payment gateway operator under subsidiary BirrLink.