VisionFund Microfinance Partners with SantimPay to Enable Online Payments for 1.9M Clients

VisionFund is the first microfinance institution to join the SantimPay payment gateway.

BeU Delivery Drivers Go on Strike Over Pay, New Verification System

Drivers also raise concerns about beU’s working environment. They allege that the startup consistently prioritizes customers over delivery workers.

ECMA Licenses Gadaa Securities as Ethiopia’s Second Securities Dealer

With the latest approval, the total number of licensed capital market service providers in Ethiopia has risen to 14.

Hasab AI Launches Multilingual Meeting Note-Taking Tool for Ethiopian Languages

Hasab AI is positioning the product primarily for enterprises, startups, and government organizations that rely heavily on meetings, while also making it available to small teams.

EthSwitch Marks Major Advance in Instant Payment Systems with EthioPay Launch

Ethiopia has launched EthioPay, a new instant payment system that enables same-day interbank settlement ushering in the capacity to handle several thousand transactions in seconds.

ArifPay Acquires Majority Stake in Ethiopian Tipping Platform Jami in a Multimillion Birr Deal

ArifPay acquires a majority stake in Ethiopia’s first digital tipping platform, Jami, for 16M Birr. Founder Nathan Damtew remains CEO as the platform gears up for growth.

Dashen Bank Waives Penalties for Telebirr Borrowers Ahead of Christmas Deadline

Dashen Bank has waived interest penalties for Telebirr microcredit borrowers who repay their original loans by Dec. 26, offering a brief holiday reprieve amid warnings of possible legal action.

Ethiopia Shuts Down Entire Betting Industry, Revokes All Licenses

Ethiopia shuts down its entire betting industry two weeks after revoking 22 licenses, the Lottery Service ordered banks & payment operators to halt all betting transactions amid investigations.