Teddy
@TeddyTassewK
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Following
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607
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Tweets about #Finance , #Tech , #DFS , #Fintech , #Mobilemoney #DigitalEconomy , and #Development . Tweets are personal. #Ethiopia 🇪🇹
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Ethiopia contributes 85% of the Nile water while Egypt contributes 0%.
Ethiopia has the right to use its water Resources to achieve development and improve the lives of its people.
You think a threat of WAR will stop us?
#EthiopiaNileRights
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Ethiopia planning to develop its own social media platform that can replace/alternative to Facebook and twitter.
#Ethiopia
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It's very funny and very disappointing that
@AJEnglish
asks a (a) British national , (b) who makes a living as a conflict entrepreneur, (c) which resides in Kenya about the perception of Ethiopians about the current situation in Ethiopia.
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Telebirr has provided credit to more people than all the 30 banks in Ethiopia combined.
Cumulative number of total credit accounts with Banks is around 400K while telebirr accounts using micro-credit reached 600K totalling 1.1 Billion birr in 2022.
@telebirr
#FintechET
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#Ethiopian
nationals (including local residents) are now allowed to open a Savings account denominated in foreign currency.
The new NBE Directive also allows usage of foreign currency for self and family expenses such as travel, medical and education fees abroad.
#BanksinET
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Ethio Telecom to rollout a digital machine for its telecom and financial services.
- Buy Sim card and replacement
- Airtime Topup
- Cash out from Telebirr
- Bill payments via Telebirr
#telecomET
#mobilemoneyET
#digitaleconomy
#DFS
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139
I was sitting in a cafe in Asmera minding my coffee and guess who was walking down the street by on foot... Abo Lemma Megersa and Foreign minister Workeneh Gebeyhu.
On their way to meet with OLF leader.
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Eth Switch announces launch of Account to Account interoperability between all financial service providers following successful pilot & authorization by central bank.
Sending money across different banks will now be possible via digital banking channels
#Ethiopia
#FintechET
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New Challenge.
Send a Birr towards
#GERD
for every ridiculous tweet about Nile that you see on Twitter.
#EthiopiaNileRights
#EgyptNiLeRights
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Here is a local company
@taskmoby
that is like an Uber for Homeservices allowing users to order plumbers, electricians ...etc via an app or call center.
#gigeconomy
#ondemandservices
#Ethiopia
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Tele-Birr , a new mobile money service by
@ethiotelecom
announced to be launched in 2 weeks period.
Service to allow sending money, cash in/ cash out , Pay for Bill's, buy airtime and even receive international remittance.
#mobilemoney
#mobilemoneyET
#Ethiopia
#Telebirr
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ZamZam Bank opens its doors as the first full fledged Interest free Bank in
#Ethiopia
.
#BanksinET
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Ethiopia’s Digital Economy – an extensive assessment of the digital ecosystem in Ethiopia is published by
@CepheusCapital
Research.
Link to access Report here
#Ethiopia
#DigitalEconomy
#StartupET
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Kudos to
@combankethiopia
Commercial Bank for responding to market complaints on fake transactions display by adding a Recipts Verification feature on its mobile app.
#mobilepayments
#digitalET
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@yatreda
The Imagary is exquisite.
You should consider doing short videos something like Love Death + Robots.
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Ethio telecom to start mobile money services soon and it has been given the greenlight from the National Bank of Ethiopia.
#mobilemoneyEt
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Just wow!!!
You can now go to a bank & make deposit into you Telebirr wallet.
Bank of Abyssinia just announced it will start serving Telebirr customers for Cash in.
Other banks would follow, meaning 7,000 agents to Telebirr using all bank branches.
#Telebirr
#mobilemoneyET
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Live picture of when culture eats technology for breakfast.
This is an underground parking in Addis . The green light means the spot is free for parking while the small blocks placed are common way of indicating the spot is reserved for someone and parking is not allowed.
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Ethio Telecom to launch 5G network in selected locations by next week, 9th of May.
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For anyone looking for a reference point on the market size of digital payments in
#Ethiopia
, know that Commercial Bank alone processed 750 million transactions valued at Birr 3 trillion through digital channels last year.
- 2.4 trillion birr via mobile banking
- 308 billion
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One of my best career achievements so far is the experience of launching
HelloCash in Somali Region -
#Ethiopia
.
I am proud to see it succeeding and getting it's due recognition.
👇🏽👇🏽👇🏽
#fintech
#mobilemoney
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Amole mobile wallet to launch a micro-credit service that allows users to take out loans of as much as 100,000 Br .
Loan approval and disbursements to be made automatically and with no collateral requirements.
#mobilemoneyET
#Ethiopia
#Amole
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Ethio Telecom set to launch its mobile money service in 2 months time.
The CEO has stated that Technology acquisition is completed and two rounds of staff trainings conducted as part of the preparation.
#Ethiopia
#mobilemoneyET
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The teleco wars in the financial sector is happening in
#Ethiopia
with both
@EthioTelecom
having a two-year head start and 35 million customers ahead with
@Telebirr
and Safaricom who is about to start the world-renowned
#Mpesa
in a week's time. Already starting to notice the rush
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Ethiopia Opens Doors to Crypto Mining with Permits and Power supply agreement issued for 21 companies so far.
- Firms pay a $3.14 cents/kWh tariff, higher than regular household rates, and to be paid in foreign currency.
- A multi-agency licensing process ensures regulatory
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#Ethiopia
: National Bank tells Abyssinia Bank to suspend the recently launched
#CashGo
and
#MamaPays
Digital remittance platforms.
Its certainly a setback in promoting the use of formal channels for incoming remittance.
#BanksinET
#FintechET
#digitalpayments
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#Ethiopia
🇪🇹 : New initiative on Digital ID for Financial sector announced by
@NBEthiopia
&
@IDethiopia
.
Planned to onboard all financial service customers for Digital ID and acceptance of Digital ID as a Bank ID to access banking services.
#DigitalID
#DigitalET
#DFS
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Ethiopia investment holdings has selected six state-owned enterprises to sell their shares through the upcoming
@ESXEthiopia
Securities exchange.
This include :
- Ethiopian Shipping & Logistics
- Ethiopian Insurance Company
- Berhanena Salam Printing Enterprise
- Education
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This is mobile car wash equipment in Addis. It stores water & has battery powered pressure washer.
They use an interesting Biz model where a person rents the equipment for fixed fee per day (Birr 260).
Job for the youth with the right incentives for both the biz and the worker.
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Big news for
#digitalpayments
in Ethiopia! The National Bank and EthSwitch launch the long-awaited interoperable QR standard.
Standardized QR and interoperability will allow customers to scan and pay any shop regardless of having a different bank or different wallets.
This
The National Bank of Ethiopia launched the standardization of Ethiopia's QR Code at the Ethiopian Digital Payment Conference. The standard secures and makes the existing scattered QR code payments interoperable.
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Safaricom announced that it invested 100 Million USD for its first Data Center in Addis Abeba, Ethiopia.
#DigitalEthhiopia
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National Bank has released the long awaited Directive for Payment system operators.
The directives paves way for non-banks to start offering payment services.
1.Payment Switch
2.ATM network
3.PoS/MPoS network
4. Online Payment gateway
Directive is accessible on NBE website
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This must be one of the most receptive businesses in Addis.
Already an agent for multiple mobile money products, two telecos and ride hailing service.
#mobilemoney
#Fintech
#FintechET
#digitaleconomyET
#Ethiopia
#Payments
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I use
#Telebirr
to make payments to anyone with a bank account in
#Ethiopian
. I load money from my bank to Telebirr, then use the 'Transfer to bank' feature.
Its Simple, instant and at no cost.
Huge potential to accelerate the journey to digital payments.
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Safaricom to invest $300M in Ethiopia for 2023, including M-Pesa rollout.
Highlights
-Safaricom Ethiopia Hits 3 Million Customers for Telecom services
- $4 million in revenues with 63% from mobile data and 24% from voice
- Average usage per customer at 1.5GB data and 55.4
Safaricom Secures Mpesa License in Ethiopia.
Safaricom M-Pesa Mobile Financial Service Plc, a subsidiary of Safaricom Telecommunication Ethiopia Plc, has been granted a payment instrument issuer license by the National Bank of Ethiopia (NBE). This marks the first time a foreign
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#Ethiopia
A four billion Birr ( $ 75 million) fund to promote startups announced by the Development Bank of Ethiopia.
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#Ethiopia
Big announcement expected tomorrow on the liberalization of Financial markets for foreign investment.
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Despite the smear campaign, Ethiopian Airlines keeps flying higher.
@flyethiopian
Thank you for making us proud.
Ethiopian Airlines says it's in profit and cash positive thanks to a booming market for air cargo
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Ethiopia nears full-fledged e-commerce as Electronic Invoicing to go live in a month.
The Ministry of Revenue is in the final stages of implementing electronic invoicing and electronic receipt platforms.
#DigitalET
#Ecommerce
via
@The
Reporter Ethiopia
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Following the digitization of Fuel, Cement purchase transactions are set to go digital in Ethiopia 🇪🇹! Ministry of Trade plans to launch a digital system to streamline cement transactions and eliminate supply chain disruptions.
More on Fortune
#digitalET
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I will come back to this chart to see how it would change after a while.
@SafaricomET
@ethiotelecom
#Ethiopia
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Did you know that Ethiopia's Community-based health insurance scheme covers 54 million people (almost 50% of the population) across 12 million households?
An impressive achievement and by far the largest insurance product in the country.
more at
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IFC Invests in Wave Mobile Money with a mix of €90 million debt and an $11m equity-based financing deal.
Wave is one of the fastest-growing mobile money products in Africa since its launch in Senegal in 2018.
#fintechnews
#mobilemoney
@IFC_org
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Nyala Insurance launched a first of its kind product that allows customers to ensure their mobile phone devices from theft, damage...etc.
customers can subscribe to the service through SMS shortcode and are charged 1 Birr per day as a premium fee.
Fee paid from Airtime balance.
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Just checked out Ethio Post's new online shop, and I'm impressed! It's great to see an iconic institution moving with the times and launching e-commerce where it has potential for reach and scale. Well done
@ethiopost
!
#ecommerce
#Ethiopia
#DigitalET
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Ethiopian Securities Exchange
@ESXEthiopia
is planning to create an equity crowdfunding investment platform to allow startups and SMEs to raise equity capital from a wider pool of investors.
Eligible technology firms are invited to submit expression of interest.
Full details
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#Ethiopia
: SunPay becomes the latest Fintech company to receive authorization by National bank for POS payments and Payment gateway operator services.
Congrats to
@Anteneh_Tsegaw
& team
#SunPay
in reaching this long awaited milestone.
#FintechET
#DigitalEthiopia
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#Ethiopia
: I don't think people realize that we have over 23 mobile banking and mobile wallet services offered via the USSD channel.
s/o to
@joinstax
@bmlyon
for creating a USSD codes library of all bank and mobile money operators in Africa.
#FintechET
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Somali Microfinance integrated its HelloCash mobile money with Ethio Switch to enable money transfers from wallet to bank accounts.
This paves way for Interoperability across Banks and MFIs which have strong presence in the rural market.
Well done
#SMFI
,
#BelCash
,
#EthSwitch
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Ethio Telecom
@telebirr
superapp launch presentation.
71.3 million customers for all telecom services.
68.9 million customers for mobile.
33.4 million customers for data and Internet.
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#Ethiopia
: National Bank is set to remove the restriction on the no of weekly banking transactions.
The restriction introduced in Jan 2021 had capped transactions from a single account at 5 per week.
A positive move to encourage the use of digital payments.
#FintechET
#BankET
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10
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“How COVID-19 is Accelerating Digital Transformation in Ethiopia” by Teddy Tassew
#digitaleconomy
#digitaleconomyET
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Yesterday, I came across
@muyalogy
, and I'm impressed by their professionally produced courses, curated content, and partnership with content creators.
Available on also on the telebirr Super app.
It's great to see a locally built, productive, and
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Just used
@EshiExpress
delivery service to drop of a valuable item & it was a great service.
No need to run around the city to drop off items when we have such handy services in the market.
(Call 670 to order)
Tip : No service fee for first order.
Encourage and use
#starupsET
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Flags are important symbols of a country or a cause. But they are dynamic and change over time.
See the changes on the
#Ethiopia
|n flag over the years.
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At the launch of
#telebirr
Financial Services, a suite of advanced mobile money offerings by Ethio Telecom.
- Savings (Sanduq)
- Microcredit (Mela)
- Overdraft Credit ( EndeKise)
#mobilemoneyET
#FintechET
#Ethiopia
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#Ethiopia
: If you have a business that requires online payments, just know you have options.
Below ⬇️ are local payment options that have integrated with Ethiopian airlines for payment that you can consider.
There are even more options not listed here.
#digitalpayments
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Finally, Ride has partnered with
@ethiotelecom
to enable Digital payments for ride service and more.
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Ethiopia plans to issue a Data Protection Law that regulates the processing of Personal data by gov't and private sector.
It includes establishing a Data Protection Commission.
@addis_fortune
#digitaleconomy
#digitaleconomyET
#Ethiopia
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M-PESA, the world famous mobile money platform with over 60 million customers across eight African markets to offer debit cards in partnership with Visa.
#mpesa
#mobilemoney
#Payments
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#Ethiopia
Electric Utility to rollout out smart electricity meters that will enable pre-paid clients to recharge electricity through digital payment channels without the need to visit a shop. One more use case for digital payments.
#DFS
#fintech
#payments
@fanatelevision
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#Ethiopia
: Entering a new era where financial services will no longer continue to be offered (mostly) for free.
Example: Commecial Bank announced that customers will now be charged for cash withdrawals at the branch
Thought's?
#banksinET
#FinanceET
ለክቡራን ደንበኞቻቸን
=======================
የኢትዮጵያ ንግድ ባንክ አዲስ ያሻሻለውን የአገልግሎት ክፍያ ዝርዝር ለመመልከት የሚከተለውን ማስፈንጠሪያ ይጠቀሙ።
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According to the results of a 2023 Ethiopian Digital Media Information Ecosystem Assessment survey:
#Facebook
is still the most preferred platform to access information, followed by Telegram and YouTube.
Websites, LinkedIn, and Twitter are less popular in terms of scale,
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Safaricom and Partners plan to launch Ethiopia operations starting from 2022.
#telecomET
#Ethiopia
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Training and Certification Opportunity on Cloud computing with Amazon Web services (AWS).
- It's Free
- It's Online
- a 14 weeks course
- Must be living in
#Ethiopia
Apply on:
Application deadline: Dec 3, 2021
More info from
@AbdulmalikHayat
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Who will be the Ethiopian Spotify?
At least 5 music streaming platforms have been launched so far.
-
@AwtarMultimedia
taking the lead with 50k+ downloads on play store.
-
@BanaMuzika
being the new entrant.
#DigtalmusicET
#Ethiopia
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5
43
Go to Google maps and search for
"Grand Ethiopian Renaissance Dam"
You will see the location names rightly
"በላባችን እና በገንዘባችን የገነባነው ግድብ"😂
#itsmydam
#AbbyisEthiopian
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7
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#Ethiopia
is finalising legal changes to allow the central bank to issue Safaricom with a licence for mobile financial services.
@SafaricomET
may receive a license to launch
#Mpesa
mobile money service as early as May 2022.
#mobilemoneyET
#FintechET
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Here is a case of small businesses that had to open 15 bank accounts for the simple use of receiving payments from its customers.
Exactly why we need to have a full-fledged interoperability amongst all payment instruments in Ethiopia.
Bank-to-bank transfer still continues to frustrate customers.
RTGS is not real time, and via EthSwitch, it has transaction limits.
via
@The
Reporter Ethiopia
#Ethiopian
#BanksET
#DFS
#Fintech
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A lot of people are yet to realize the rapid change taking place in Ethiopia’s financial ecosystem.
For example, looking at the number of mobile wallet accounts is showing a 40% growth in just 6 months. Mostly attributed to TeleBirr.
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Ride hailing drivers for
@rideEthiopia
are set to provide Ethio Telecom services with an attractive offer.
- 100+ Birr for delivery and sales of Sim cards
- 12% commission on Airtime sales
- 15 Birr for Telebirr app download by customers & commission for cash deposit service.
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PoS interoperability goes live in Ethiopia.
EthSwitch is piloting the interoperability of mobile and internet banking that will allow account-to-account, wallet-to-wallet, account-to-wallet, and wallet-to-account transactions.
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#Ethiopia
: Ride hailing drivers organizing themselves to form a saving and credit associations that serves their financial needs.
Amarach Credit and Saving co.⬇️
#ridehailingEt
#BanksinET
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Digital transactions in Ethiopia surge 169% to reach 1.2 trillion birr ($22 billion) in nine months.
#Ethiopia
#Fintech
#DFS
#BanksinET
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To all the PHD's in Ethiopia. 😁
A PhD is a certification that you have gained the knowledge and skill set needed to be successful in one of many sets of career options. It is not a status symbol. It does not make you better than anyone else.
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Ethiopia Council of Ministers amends EthioTelecom's establishment proclamation to allow it to enter into financial services.
#mobilemoney
#digitalpayments
#Ethiopia
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39
Tip: If you are a platform or service provider that offers personnel to clients ( ride , gig, delivery....etc) ? Make sure your workers are signed up for National ID.
Unique identifiable resources provide comfort to your customers and increase your brand.
#NationalID
#Ethiopia
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7
37
#Telebirr
figures on the achievements made over the last one year since its launch.
Impressive number overall and a lot of insights to unpack if you know where to look.
#GSMA
#NBE
#Telebirr
#FintechET
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#Ethiopia
Suspicious share offerings from untested businesses promising impossible dividends threaten the financial wellbeing of a largely uninformed public.
#CapitalMarketET
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Ethiopian Securities Exchange (ESX) has successfully raised 1.5 billion Birr (around US $26 million) from 48 investors, including three international institutions.
Congratulations to the team on the successful fundraising campaign!
@tilahunkass
#Ethiopia
#Capitalmarket
We are thrilled to announce that ESX closed its capital raise significantly oversubscribed by domestic and foreign investors. We extend our heartfelt gratitude to all investors who have demonstrated their confidence and commitment to Ethiopia's economic future.
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There is an elaborative scam happening in Ethiopian telegram and WhatsApp circles.
Here's how it works:
- They offer you to get paid for liking/following brands on social media.
- You get small payments to build trust.
- They ask for a deposit to "unlock" bigger tasks &
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Is anyone looking to *Plus Codes* by Google Maps, as an alternative to mitigating the physical adress challenges for Ecommerce in Ethiopia?
#Pluscodes
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Smart and Portable Kiosk to provide Banking , Airtime topup , Sim card sales , Wifi , Phone charging and many more digital services.
Its also Solar powered.
By
@BelCashEthiopia
and partners.
#digitaleconomyET
#Ethiopia
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@NaguibSawiris
Ethiopia contributes 85% of the Nile water while Egypt contributes 0%.
Ethiopia has the right to use its water Resources to achieve development and improve the lives of its people.
You think a threat of WAR will stop us?
#EthiopiaNileRights
2
1
35
#Ethiopia
prime minister popularity is skyrocketing in the last 3 days.
See the graph on the no of positive and negative mentions of Prime Minster Abiy Ahmed (Refereed as : Sentiment) over the last 2 months across social media's.
@fitsumaregaa
@PM_AbiyAhmed
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Minstry Council has passed a proclamation today allowing Native Ethiopians having a foreign citizenship can invest and take shares in Ethiopian banks.
#Ethiopia
#Banking
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#Ethiopia
: Payment proclamation undergoing an amendment to allow foreign companies provide digital financial services.
Currently, at draft stage, it paves way for
@SafaricomET
to launch
#Mpesa
mobile money & attract other global fintechs.
#Fintech
landscape is bound to change.
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Ethiopia's Tech ecosystem is growing by the day. Here are Tech enabled startups I used over the week.
@taskmoby
- gig platform I used to hire technician for cable installation.
@Shewaberr
- an e-commerce to buy books with home delivery.
@DeliveryYetem
- food delivery service.
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Telebirr mobile money stats from Ethio Telecom.
1️⃣3️⃣ million registered users
8️⃣0️⃣ % Active rate
15.6 million Transactions at 5.1 billion Birr in transaction value
74% of transactions related to Airtime.
#mobilemoneyET
#FintechET
#Ethiopia
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Recent Developments in
#Ethiopia
Banking Sector:
• Local banks now allowed to borrow from foreign banks for financing Forex generating activities
• Microfinances now allowed to grow and become a Bank
• Have to keep Cash over 1.5 million formal banking sectors
#BanksinET
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