Arifpay raises its capital to three hundred million Birr

The Shareholders of Arifpay Financial Technologies S.C. unanimously passed a resolution to increase the company’s capital to 300 Million ETB in an extraordinary shareholders meeting held last week. Arifpay is the first payment system operator licensed by the National Bank … Read More

Exploring the Benefits of USSD in Everyday Banking

USSD (Unstructured Supplementary Service Data) is a technology that has revolutionized everyday banking, making it more accessible and convenient for users. Here are some of the key benefits of USSD in everyday banking: 1. Accessibility: USSD does not require a … Read More

African startups raised $83 million in January 2024 UNDP Unveils Timbuktoo Fund with Ambitious Plan to Mobilize, Invest $1 Billion in African Startups

The United Nations Development Programme (UNDP) has launched the Timbuktoo Fund, a one-billion-dollar innovation fund designed to support African startups. Announced at the World Economic Forum in Davos, Switzerland, the fund has already received a boost of $3 million from Rwandan President … Read More

Fintech Fairytale Fades: African Neobanks Struggle Despite Hype.

What TymeBank, Carbon and FairMoney’s numbers say about neobank profitability in Africa It was only just over a year ago that McKinsey described Africa’s financial technology landscape as a “hotbed for investment.” Fast-forward to today and startups on the continent are … Read More

An Overview of Ethiopia’s National Bank New Strategic Plan 2023-2026

The National Bank of Ethiopia (NBE) has recently released its Strategic Plan for 2023–2026. This strategic plan aims to address the challenges faced by the Ethiopian economy and set a direction for the central bank’s activities. With a focus on … Read More