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Ethiopia intends to sign an MOU with a Kenyan agritech business, Awash Bank has introduced credit cards, and SantimPay has officially joined the fintech scene.

The 61st issue of Shega Weekly offers you important stories from Ethiopia’s innovative ecosystem from the previous week.

Kenya-based Insurtech Provider, PULA, to Help Ethiopia Protect Farmers 

Ethiopia has initiated a process to sign an MoU with the Kenya-based agricultural insurance and technology company PULA to help Ethiopian farmers better prepare, plan, and respond to extreme weather events, pests, and other risks. Read more.

EthSwitch’s Profit Soars After Hike in Digital Transactions

EthSwitch, Ethiopia’s national payments switch, saw its annual profit grow by 153% to 221 million br after facilitating massive digital transactions in the 2021/22 fiscal year. Read more.

Gig Platform Goodayon Wins at the World Summit Awards 2022

GoodayOn gig platform has been selected as the World Summit Award Winner 2022 in the Smart Settlements and Urbanization category.

The WSA Global Congress is an international networking and learning event for those who are interested in the use of digital technology to achieve the UN SDGs. Read more.

Former Innovation Minister, Getahun Mekuria, Joins Blockchain Foundation

Getahun Mekuria (Ph.D.), former Minister of Innovation and Technology, has joined the XRP Ledger Foundation, a nonprofit entity that aims to accelerate the development and adoption of the XRP Blockchain. Read more.

Awash Bank Becomes the First Bank in Ethiopia to Issue Credit Cards

Awash Bank has become the first bank in Ethiopia to issue credit cards. The news that was released last week will see Ethiopia’s biggest private bank extend a line of credit for its 9 million customers. Read More.

SantimPay Officially Joins Fintech Scene with Three Products 

Payment solutions provider SantimPay Financial Technologies has joined Ethiopia’s flourishing fintech sector and released three products that enable users to make in-store and online payments using their existing bank details. Read more.

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