2merkato

Samsung is to set up a new Traffic Management Center to offer a centrally controlled traffic system in Ethiopia’s Capital, Addis Ababa.

The South Korean electronics company is in the process of conducting a pre-feasibility study and is expected to secure a loan from the Korean Import-Export Bank to finance the project.

The project was first discussed between representatives from Samsung and the Addis Ababa City Roads Authority in November of 2010 according to Engineer Fekade Hailu, General Manager of the Addis Ababa City Roads Authority.

SantimPay Financial Solutions has officially commenced the assembly of Point of Sale (POS) machines in Ethiopia, marking a step toward reducing reliance on imported payment technology. The inauguration ceremony was held today at the Science Museum and attended by Dr. Belete Molla, Minister of Innovation and Technology, alongside senior executives from the banking sector.

SanuPay, a Kenyan fintech company, in partnership with global payment software provider OpenWay, has launched Ethiopia’s first domestic credit card. This milestone marks a major advancement in the country’s financial sector as it moves toward modernized payment solutions.

Germany’s Application and Products in Data Processing (SAP), one of the giant software companies in the world, said it seeks to expand its business in Ethiopia on August 7, 2015.

The Federation of Saudi Chambers (FSC) has announced the establishment of a new Saudi-Ethiopian Business Council. The council, approved by the General Authority of Foreign Trade (GAFT), aims to bolster economic ties between the two nations.