Ethio Telecom launches second EV charging station in Addis Ababa

Alexander Hizikias, co-founder and CEO of eQup, describes fintechs as a movement that is transforming people's lives through increased financial inclusion.

The United Nations agency is revamping its distribution system to include a new digital registry of all food insecure families.

The two firms are joining forces to expand digital financial services in Ethiopia, leveraging the Telebirr platform to enhance financial inclusion.

As East Africa’s largest country, Ethiopia’s economic growth comes with security risks.

The partnership hopes to accelerate financial inclusion and grow acceptance of mobile payments in the country.

The partnership sees M-PESA provide access to its open API to Ethiopian startups, to help drive financial inclusion in the country.

The aim of the project is to increase financial inclusion, streamline healthcare payments, and improve service delivery across the country.

The company asserts that by eliminating the need for costly on-premises infrastructure, it can provide a more agile, secure, and scalable solution.

Ethio Telecom ticked green on most of the key metrics during the period under review, hitting 90.7% of its revenue generation target.

The telco says the station, which has three charging modalities, can charge up to 32 electric vehicles at the same time.

The on going discussions follow Ethio Telecom's announcement at the start of its financial year that it plans to invest more than $1.1 billion in telecom and digital infrastructure expansion.

The deal allows Nyala Insurance customers to pay premiums, renew policies, and conduct other insurance-related transactions directly through M-PESA.