Business

Ethio Telecom Launches Digital ID Printing Service

Addis Ababa, November 10, 2017 (FBC) – Ethio Telecom has introduced a new service enabling the printing of National Digital IDs, making it more convenient for customers to access their identification cards. This innovative service allows customers to submit their ID print requests online through the Telebirr SuperApp or the official website https://teleprint.fayda.et/. Once the

November 19, 2024 • By Addis Insight

Business

Ethiopia Aims for Cashless Economy with Interoperable QR Code Payment System

Ethiopia’s New Interoperable QR Code Standard Sets the Stage for a Digital Payment Revolution Ethiopia is taking a significant step in digital finance with the rollout of an interoperable QR code payment standard, promising to unify the country’s fragmented payment ecosystem and deliver seamless, accessible, and secure transactions. Spearheaded by EthSwitch, Ethiopia’s national payment switch,

November 8, 2024 • By Addis Insight

Tech

Ethiopia’s Banking Sector at Risk: Kaspersky Reports Grandoreiro Trojan Spread

Ethiopia is among the latest countries targeted by the Grandoreiro banking trojan, a significant cyber threat now expanding across Africa and Asia. According to a recent report by Kaspersky, the Grandoreiro malware, active since 2016, has contributed to roughly five percent of all global banking trojan attacks in 2024, marking a troubling new frontier in

November 8, 2024 • By Addis Insight

Business

Ethiopia Earns $55 Million from Bitcoin Mining: A Growing Global Player

Ethiopia’s role in the Bitcoin mining industry is on the rise, bringing in a remarkable $55 million over the last ten months. This boost in revenue follows Ethiopian Electric Power’s (EEP) strategic contract with 25 organizations engaged in Bitcoin trading, with plans to capitalize on Ethiopia’s abundant and affordable energy resources. Ethiopia’s Bitcoin Mining Surge

November 7, 2024 • By Addis Insight

Business

Inside AliExpress’ Expansion in Ethiopia: Unlocking New Opportunities for Local Businesses

Ethiopia’s rapidly growing demand for digital services and e-commerce solutions is surfacing the way for global tech giants to make a mark on the country’s economy, with Alibaba leading the charge. As a nation of over 120 million people, Ethiopia’s expanding consumer base and increasing internet penetration highlight an immense potential for online marketplaces and

November 6, 2024 • By Addis Insight

Business

Ethiopia’s Betting Ban: Physical Shops Shutter, but Digital Doors Open

Ethiopia’s ambitious crackdown on sports betting, which saw over 6,000 betting shops shut down across Addis Ababa and other cities, has been in effect for some time now. This effort has led many to abandon betting, easing some of the related social issues. While the physical outlets may have closed, the betting culture remains resilient,

October 21, 2024 • By Addis Insight

Tech

Ethio Telecom’s Share Offering Explained: What Every Investor Should Know

By-Brook Beyene Ethio Telecom, Ethiopia’s dominant telecom provider, is in the process of partial privatization. The company is offering 100 million ordinary shares at ETB 300 per share, with the total offering amounting to ETB 30 billion. This marks an important milestone in the country’s economic reforms, as the state-owned enterprise opens up for public

October 17, 2024 • By Addis Insight

Business

Don’t Confuse Ethio Telecom with GERD Bonds: The Investment You Need to Understand

By- Tsegamlak Solomon Ethio Telecom is Not GERD: Your Money is Not a Matter of Patriotism! Misguided Patriotism in the Ethio Telecom IPO Following the announcement of the Ethio Telecom IPO, several media outlets, particularly government-affiliated ones, have been framing the sale of shares as a matter of national pride and patriotism. While such enthusiasm

October 17, 2024 • By Addis Insight

Business

Venture Meda Program Unveils Expert-Led Online Learning Bot to Empower Entrepreneurs, Marketplaces, and Gig Workers

 Addis Ababa, 17/10/2024  Venture Meda Program is proud to announce the official launch of the Venture Meda Learning Bot, a new Learning Management System (LMS) and e-learning platform. This is an iceaddis initiative a partnership between Iceaddis, the Ministry of Innovation and Technology, and the Mastercard Foundation, aimed at boosting the digital economy by aiding

October 17, 2024 • By Addis Insight

Tech

Ethio Telecom Opens Share Sale to the Public, Valued at 100 Million Shares

Prime Minister Abiy Ahmed Announces Sale of 10% of Ethio Telecom’s Shares, Valued at 30 Billion Birr In a ceremony attended by Prime Minister Abiy Ahmed (Dr.), Ethio Telecom officially announced the sale of 10% of its shares to the Ethiopian public. The share sale, which will run from October 16, 2024, to December 25,

October 16, 2024 • By Addis Insight