Tech

M-Pesa Ethiopia teams up with Dahabshiil for diaspora remittance

Published

4 months ago

July 2, 2024

M-Pesa Safaricom Ethiopia has sealed a deal with African money transfer company, Dahabshiil, that will facilitate smooth and seamless diaspora remittance.

The partnership which was signed in Addis Ababa will enable the Ethiopian diaspora to send money to their family members or friends directly to M-Pesa mobile wallets.

In a joint statement by the companies, the two said that the collaboration will streamline the remittance process translating to faster transfers and increased security.

“We are thrilled to partner with M-PESA Safaricom,” Musse Mohamed, Ethiopia Representative for Dahabshiil, said.

“This partnership allows us to fulfill our mission of delivering accessible and reliable financial services by leveraging M-PESA’s growing customer base. Together, we’re making it easier and safer for Ethiopians abroad to support their families back home.”

Anthony Kangethe, Acting Chief Digital Financial Services Officer for M-PESA Safaricom said the new partnership with Dahabshiil will offer Ethiopians a secure and convenient way to send and receive money

“We are delighted to partner with Dahabshiil, a leading player in international money transfers. Together, we share a vision of financial inclusion and driving economic development.

“This new service will offer Ethiopians a secure and convenient way to send and receive money, empowering individuals and families.

‘’Dahabshiil and Safaricom Ethiopia share a vision of promoting financial inclusion and economic growth in Ethiopia.

“This partnership signifies our commitment to innovation and exceptional customer service.’’

Founded in 1970, Dahabshiil is a renowned global money transfer company that specializes in providing remittance services, with its roots in Somalia and has since expanded its services to reach customers worldwide.

The company primarily focuses on facilitating money transfers to and from various countries, with a strong emphasis on serving the African diaspora and supporting communities in Africa.

Related Topics:Dahabshiil Featured M-Pesa Remittance Safaricom

Click to comment

Tech

South Sudanese telcos increase tariffs as exchange rates soar

Published

23 hours ago

October 23, 2024

Isaac Dachen

Telecommunication companies in South Sudan have been forced to increase their tariffs as a result of a hike in the official exchange rate.

Local media reports that the likes of MTN South Sudan, Zain South Sudan, and Digitel Holdings have jointly announced a tariff adjustment in response to an increase the official exchange rate following an agreement between the National Communications Authority (NCA) and the Bank of South Sudan (BOSS) to align telecommunications service prices with the official exchange rate.

The adjustment will occur in three phases from October to December 2024 with the first change taking effect on the night of October 18, followed by subsequent changes on November 18 and December 18, 2024.

In a joint communique, the telcos confirmed that notifications about the initial adjustment were distributed via various channels and the decision was made after considering the potential impact on customers and the telecom sector.

“Since the first phase began, operators have increased the cost of internet and mobile airtime subscriptions by 600 South Sudanese pounds,” a media platform reported.

“Thus, subscribers now pay SSP1,565 for 100 MB with Zain, SSP1,790 with MTN, and SSP1,835 with Digitel, rather than the previous SSP900.

Meanwhile, another report has also indicated that the parliament will address rising telecommunications tariffs once the committee investigating alleged malpractices within telecommunications companies has submitted its findings.

According to one lawmaker, these practices have significantly raised the cost of communication services in the country, affecting the general public.

Tech

Rwanda’s e-mobiility startup IZI expands electric bus fleet after getting grant from Green Fund

Published

3 days ago

October 21, 2024

Isaac Dachen

Rwanda’s e-mobility startup, IZI, has announced the delivery of five electric buses to Kigali, the country’s capital city, after obtaining a substantial grant from the Rwandan Green Fund.

IZI, a frontrunner in electric vehicle solutions which says it is on a mission to electrify Rwanda’s public transport sector, has, in just four months of operation, grown its initial fleet of five electric buses to an enviable height.

CEO of the startup, Alex Wilson, believes the grant is a testament to the success story of IZI.

“These results validate our E-Mobility-as-a-Service model. We’re not just reducing emissions; we’re proving that sustainable public transport is economically viable in Africa.

“Building on this success, IZI has secured an RWF 300,000,000 grant from the Rwanda Green Fund to deploy five additional electric buses in Kigali.

“These vehicles will represent the most advanced public transport in Rwanda to date, boasting features such as an independent intelligent driver’s cabin, air suspension balanced driver’s seat, full LCD dashboard, one-step entry, and a flat-floor design for improved passenger comfort,” he said.

He added that the success of IZI’s pilot has led to strong demand from other Rwandan public bus operators.

“IZI has now signed contracts with 4 leading transport companies for the deployment of over 100 buses, marking a significant expansion of its operations.

“Looking ahead, IZI plans to establish a state-of-the-art battery maintenance and repair facility in Kigali, supporting the entire EV ecosystem in Rwanda and positioning the country as a centre of innovation in the EV industry,” he added.