Challenges to Driving Financial Inclusion Through Mobile Money in Ethiopia 

Ethiopia has lower levels of formal financial inclusion than its neighboring East African countries as only 46% of adults have an account at a formal financial institution. 60% of adults use a mobile phone, presenting a significant opportunity to increase financial inclusion through mobile money services. As a report by GSMA notes, the adoption of mobile money can drive financial inclusion and result in remarkable macro and socio-economic gains for Ethiopia. However, several barriers need to be addressed to realize these benefits fully.

Gaps in Digitalization of Ethiopia’s Logistics Sector

The global logistics sector is at the forefront of embracing innovative technologies, such as the Internet of Things (IoT), logistics information management systems, artificial intelligence, big data analytics, logistics cloud computing, and blockchain. For the logistics industry in Ethiopia, adopting these global trends will enable logistics companies to operate at lower costs while offering efficient quality services

How Fintech Can Accelerate Ethiopia’s Energy Sector Transformation

The adoption of fintech solutions in the energy sector has the potential to transform Ethiopia’s energy landscape. By providing convenient, secure, and efficient payment options, fintech can help ensure universal access to electricity. By enabling financial inclusion for renewable energy projects, fintech can also help drive innovation and investment in the renewable energy sector. And by leveraging data analytics for optimal energy management, fintech can help improve the efficiency and sustainability of Ethiopia’s energy infrastructure.

Household Risk Management and The Demand for Microinsurance in Ethiopia

A publication by the World Bank reveals that households in Ethiopia struggle to cope with financial shocks, which leaves an unmet need for various insurance services. Insurers are encouraged to find a cost-efficient approach to address the unfulfilled insurable risks. Furthermore, it is advantageous to categorize the market by gender and residence.

Improving the Rural Reach of DFS Through CICO Networks 

Cash-In/Cash-Out (CICO) service points allow customers to convert their e-money into cash or vice versa and facilitate digital financial services (DFS) uptake and use in developing markets. They also serve as a gateway to understanding customers’ needs, motivating investments to build more and better financial products that digitize a wider array of transactions and reduce […]

Complexities of Tech Accessibility and Affordability will Derail Digitalization

The digital divide in Ethiopia is becoming increasingly pronounced, with only approximately 30.1 million people (25% of the population) having internet access at the end of 2022, compared to the global average of 67%. While this disparity in of itself signifies the lack of substantial efforts to address these issues, other metrics indicate that socioeconomic and cultural factors, negatively impact the population’s ability to embrace the digital revolution.