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Ethiopia: Santim Pay Announces a New Digital Payment System

Santim Pay Financial Share Company announced a digital financial payment system called Santim Pay. The system is entirely developed by Ethiopians in collaboration with Abyssinia Bank, Commercial Bank of Ethiopia, Bunna Bank, Awash Bank, Amhara Bank, Birhan Bank, Yimlu, and Tele Birr. It is expected to reduce the costs banks incur for software and POS machine purchases by 20%.

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Ethiopia: Debre Birhan to Inaugurate 24 Factories in the 2022/2023 Fiscal Year

Debre Birhan city is set to inaugurate 24 factories that will create employment opportunities for thirty thousand citizens. According to the city’s Industry and Investment Office, Debre Birhan is hosting 550 investments that have a collective capital of Birr 80 billion.

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