Issue 58: Bill to Set up Nuclear Science, Technology Institute 

A new law in the making aspires to establish a nuclear institute. Chapa has announced a loan product for its merchants meanwhile a new marketing firm is betting on Taxies to lure in advertisers.

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A look at last week’s top stories.

Bill to Set up Nuclear Science, Technology Institute 

The Ministry of Innovation and Science is drafting two regulations that will see the establishment of a Nuclear Science and Technology Institute and its governing council, The Reporter published this week.

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If passed into law, the Institute will be responsible for generating nuclear energy and overseeing its use across various sectors in Ethiopia. Read More.

Fintech Startup Chapa Launches Loan Product 

Fintech startup Chapa Financial Technologies, which launched its online payment gateway service recently, has announced a new loan product for merchants on its platform, promising easy access, no collateral, and no cumbersome process. Read More.

Hibret Bank Launches Hibir Ecommerce, a Digital Payment Platform That Allows Ethiopian Businesses to Accept International Payments

Hibret Bank, in partnership with Mastercard, has launched Hibir e-commerce, a digital payment platform that allows businesses in Ethiopia to accept international payments. Read More.

New Marketing Firm Bets on Taxis to Lure in Advertisers

A local marketing agency, MBY Ethiopia, is installing tablets on taxis in Addis Ababa to air paid content on them. Read More.

Safaricom Ethiopia is Onboarding 20,000 Customers Daily

Following its national launch last month, Safaricom Ethiopia is onboarding an average of 20,000 customers per day. Read More.