2merkato

A mobile phone application called Nedaj was launched on Saturday after an agreement was inked between the Commercial Bank of Ethiopia (CBE) and EagleLion Systems Technology Company. The agreement was signed by Dahlak Yigezu, CBE’s Digital Banking Vice President and Besufikad Getachew, CEO of EagleLion.

The application which will allow customers to carry out fuel transactions digitally is expected to establish a convenient and fast payment system. Vehicle owners and gas stations can use the service by installing the application on their mobile phones and connecting it to CBE-Birr, a mobile banking service streamed by CBE.

According to Besufikad Getachew, “it is possible to upgrade the mobile phone application, which has great importance to vehicle owners, gas stations, and fuel regulatory bodies, by modernizing our country’s fuel marketing”.

Source: Fana BC and Capital Ethiopia

Image source: Fana BC

Ethio Telecom, Ethiopia’s telecom monopole, disclosed the number of mobile subscribers reached 53 million. The figure shows an 11 percent increase when compared to the previous fiscal year’s.

Ethiopia is constructing modern engine factory that can produce different types of engines, Tigrai Online reported.

The Modjo dry port will be linked with industry parks via rail and roads, said Ethiopian Shipping and Logistics Services Enterprise (ESLSE). This will help boost Ethiopia’s exports, ESLSE added.

Ethiopia's Modjo Green Logistics Centre is undergoing a major expansion to become a world-class logistics hub. The project, funded by the Ethiopian Shipping and Logistics and the World Bank, will double the centre's size and significantly boost its container handling capacity.