Saturday, October 4, 2025
Home Blog Page 1981

Kacha, scoops big in ‘Visa Fintech Innovation’ competition

0

By Eyasu Zekarias
Kacha, the first private mobile money transfer service in Ethiopia, has won 25,000 US dollars in the 2023 Visa Anywhere Initiative (VEI) Fintech contest.
About 200 applicants from all over the country participated in the competition, with each of them seeking to provide innovative payment and solutions to consumers and commerce.
The award ceremony event which was held on September 15, 2023, also saw Visa Anywhere “Qena” Software Design and Development and “Smile Pay” taking second and third rank and receiving $15,000 and $10,000 respectively.
Since 2015, “VEI” has announced funding of more than $16 billion to startups from over 100 countries.
The Visa Everywhere Initiative serves as a global platform that celebrates and encourages groundbreaking ideas and innovative solutions within the fintech realm.
The success of Kacha, along with the achievements of Qena and Smile Pay, highlights the vibrant and burgeoning fintech ecosystem in Ethiopia.
As Ethiopia embraces the digital revolution in the financial sector, Kacha’s victory stands as a testament to the remarkable potential and transformative power of innovative start-ups and fintech companies. With their groundbreaking solutions and unwavering determination, these trailblazers are reshaping the way we perceive and interact with money, propelling Ethiopia into a new era of financial innovation and inclusion.

Tsehay Bank starts issuing credit cards

0

Tsehay Bank announced that it started issuing credit cards. The event will make Tsehay among the few private banks that extend a line of credit for its customers.
As opposed to debit cards, payment card that makes payments by deducting money directly from a consumer’s checking account, a credit card is a card issued by a financial institution that enables the cardholder to borrow funds from that institution. Cardholders agree to pay the money back with interest, according to the institution’s terms.
According to officials at the bank, the credit card service has various products designed for the needs of customers from small businesses to corporations and is already being issued.

2023 China-Africa Cultural Cooperation and Exchange Month Promotion Activities in Ethiopia Held

0

“Jinhua Sample” of China-Africa Cultural Cooperation Successfully Created

The 2023 China-Africa Cultural Cooperation and Exchange Month entitled “Closer People-to-people Ties, Cultural Exchange, Win-win Cooperation”, organized by Bureau of International Exchange and Cooperation, Ministry of Culture and Tourism of the People’s Republic of China, Zhejiang Provincial Department of Culture and Tourism, and Jinhua Municipal People’s Government, sponsored by Jinhua Bureau of Culture, Radio, Television and Tourism and Zhejiang Wuju Opera Research Centre kicked off at the African Union Commission Headquarters in Addis Ababa, Ethiopia On September 8, 2023.

As this year marks the 60th Anniversary of OAU/AU and “AU Day” is celebrated on September 9, Zhejiang Wuju Opera Research Centre staged a Themed Theatrical Performance as a gift and feast to over 500 officials of African countries and the African Union Commission Headquarters to express sincere blessings to them.

Hu Changchun, Head of Chinese Mission and ambassador to the African Union, Wang Xiaoping, Director of Zhejiang Wuju Opera Research Centre, Lelise Duga Jebessa, Commissioner of Oromia Tourism Commission, Nega Wedajo, Deputy Commissioner of Oromia Tourism Commission, Ethiopia and H.E.Albert Muchanga, AUC Commissioner for Economic Development, Trade, Tourism, Industry and Minerals were present at the activity upon gracious invitation.

Hu Changchun, Head of Chinese Mission and ambassador to the African Union, expressed in his speech that the unique charm of Chinese culture can be better appreciated and China’s efforts in pursuing a community of shared future for humanity, world peace and harmony can be better understood with the cultural exchanges and sharing of this activity.

In his speech, H. E. Albert Muchanga, AUC Commissioner for Economic Development, Trade, Tourism, Industry and Minerals expressed his welcome as well as his expectation for deeper cooperation, mutual benefit and win-win scenario of both parties with this activity as an opportunity.

Wuju Opera, one of the most representative Chinese operas, is also a cultural golden card of Zhejiang. Zhejiang Wuju Opera Research Centre staged such classic plays as “Monkey Subduing White-Skeleton Demon”, “Lu Bu’s Horse-Testing”, “Crossroads”, “Carrying a Wedding Sedan Chair” as well as Wuju Opera musical pieces, such as Hui-hu solo “Hui Tunes” and Suona Solo “Beating Jujubes”, showcasing a new splendor of Chinese Opera and winning the applause of the guests. Jinhua Wuju Opera has been staged in about 50 countries and regions worldwide and the performers, as messengers of cultural exchange, spread excellent traditional Chinese culture, and introduced the culture of Zhejiang and Jinhua to the rest of the world, which gained better understanding, recognition and love of people all over the world to China and Zhejiang.

Besides, a unique Wuju Opera exhibition was set up in the venue, so guests had a closer understanding of the stories behind. Exquisite costumes, gorgeous headdresses and folding fans, English opera books and other exhibits on display and their stories drew the China-Africa cultural exchange and mutual ties closer. The video showing the fruits of China-Africa cultural cooperation and exchanges played at the scene bears witness to the profound and long-lasting friendly ties between China and Africa.

Furthermore, more cultural exchange activities organized by 2023 China-Africa Cultural Cooperation and Exchange Month will be staged in South Africa, Tanzania, Eritrea and other African countries. It is expected the wonderful culture, tourism and art will bring the people of China and Africa closer and more beautiful collaboration will be achieved in the future.

CCBA-Ethiopia Recognized for Impactful Road-Safety Practices

0

CCBA-Ethiopia was honored and awarded for promoting and ensuring road safety from the Road Safety & Insurance Fund Service last Saturday at the Intercontinental Hotel. The recognition was given for reducing accidents and providing defensive driving training in various cities over the past 3 months.

“Safety is one of CCBA-Ethiopia’s core values,” said Solomon Tesfaye, Logistics Director of CCBA-Ethiopia. “Through a variety of initiatives and activities, CCBA-Ethiopia promotes traffic safety and the security knowledge and skills to its staff and community.”

Road safety refers to the steps taken to lower the possibility of accidents resulting in injuries or fatalities.

CCBA-Ethiopia over the years promoted and strives for zero-fatality and road safety. With over 500 vehicles under its wing, the Company drivers are highly required to act responsibly taught to drive carefully, and value themselves, their families, and customers.

CCBA-Ethiopia continuously conducts a technical and “Defensive Driving” campaign in all its plants based in Addis Abeba, Bahar Dar, Dire Dawa, Sebeta, and Ambo for drivers, and the community. Over 200 company vehicle drivers also received an intensive Defensive Driving Training program.

“Drivers are reminded to be alert and responsible for maintaining the company’s zero-accident record,” Solomon said.

“Ensuring the safety of our drivers is of utmost importance to CCBA-Ethiopia. We absolutely mandate annual leave for all drivers across all our plants to prevent accidents caused by heavy workloads and exhaustion. Moreover, we conduct annual medical examinations and practical tests to ensure that our drivers possess the necessary qualifications to operate vehicles and carry out their daily tasks in a safe manner,” Solomon added.

CCBA-Ethiopia also actively participates in decreasing road accidents in collaboration with governmental and non-governmental stakeholders. The company launched a Road Traffic Safety campaign themed “Stop! Respect the Road.” campaign.

The campaign, which spans over a month, was focused on addressing five issues: speeding, distracted driving, using mobile devices while driving, and pedestrian safety.

Before releasing its vehicles from the workshop, CCBA-Ethiopia ensures that they are safe to drive to ensure traffic safety and minimize accidents. Old trucks will be stored so that safety components can be evaluated for malfunctions and repaired as needed prior to use. Furthermore, it delivers a comprehensive understanding to fleet technicians and supervisors.

At CCBA-Ethiopia, a road safety campaign is vital to reminding all drivers and everyone on the road are invaluable to the firm and their families.

“We all have a life to protect, we all are responsible for one another,” Solomon said.

According to the World Health Organization’s recent report, around 1.3 million people are led to death and as many as 50 million people are injured worldwide every year due to traffic-related injuries. The United Nations launched a Road Safety Strategy in 2019, with the objective of reducing the number of road crashes by 50 percent by 2030.