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Visa outlines Ethiopia’s path to accelerated digital payment

Entitled, “Value of Acceptance: Understanding the Digital Payment Landscape in Ethiopia”, the report reveals rapid digital payment adoption among small and medium-sized enterprises (SMEs), with the vast majority recognizing the benefits for consumers. The report presents an encouraging outlook for Ethiopia with over 80% of the surveyed SMEs having started to accept digital payments in the last two years, citing increased convenience, reduced fraud risk, and improved efficiency. Furthermore, 66% agree that investing in digital payment technologies will support future business growth. Continue Reading...
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Ethio Telecom launches AI-powered EV charging station to boost Ethiopia’s green economy

Ethio Telecom has launched an electric vehicle (EV) charging station in Addis Ababa to enhance Ethiopia's developing EV infrastructure. The facility can charge up to 32 vehicles simultaneously using three different charging methods. The chargers utilise artificial intelligence to optimise charging speed and power delivery according to the specific battery requirements of each vehicle and user preferences. Continue Reading...
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Regulatory Hurdles Propel Ethiopian Fintech Startup to Neighboring Markets

Elite Fintech Solution, a local startup, has found a home in neighboring African countries after facing regulatory roadblocks in its base of operations. The three-year-old firm, founded by Alazar Solomon, is now bidding to transform SME credit facilitation in Kenyan, Mauritian, and Ugandan markets through the combination of AI tools and data analytics. Continue Reading...
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