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

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

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

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

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