Issue 137: Digital Defense & Green Wins

Hello

This week's newsletter starts with a story about a crucial collaboration between Ethiopian authorities and financial institutions to tackle digital financial crime. We also have stories on the Business Process Outsourcing sector, mini-grids, and carbon trading.

Read on!

If you are here because someone forwarded you this email, you can subscribe here to get future newsletters.

Federal Police, Regulator, Banks Partner to Curb Financial FraudThe Ethiopian Federal Police met with the Governor of the National Bank of Ethiopia (NBE) and representatives of commercial banks to discuss joint efforts to prevent digital financial crime.

According to the recent Financial Stability Report by NBE, the cost of fraud and forgeries in the banking sector has nearly doubled in the past year, reaching one billion birr across 20 banks. Read More.

How Ethiopia is Positioning Itself as a Competitive BPO Destination 

Last week, Shega published an in-depth story that looked into Ethiopia's emerging Business Process Outsourcing (BPO) sector and how the country is trying to attract foreign companies seeking to outsource their operations.

“While McDonald’s doesn’t have a physical presence in Ethiopia, you might be surprised to learn some of their customer service calls are handled by an Ethiopian startup.” Read More.

New Regulation Legalizes Carbon Trading in Ethiopia 

A new regulation, approved by the Council of Ministers, formalizes and legalizes carbon trading in Ethiopia. Read More.

ESX Boosts Cybersecurity with INSA, Following ECMA's Lead 

The Ethiopian Securities Exchange (ESX) signed a contract with the Information Network Security Administration (INSA) to strengthen cybersecurity governance, security, performance, and quality assurance activities for the ESX. This follows a similar agreement signed between INSA and the Ethiopian Capital Market Authority four months ago.

Ethiopia’s Largest Private Mini-Grid Lights Up Refugee Camp 

Humanitarian Energy (HumEn), a local private business, has inaugurated Ethiopia’s largest private-led mini-grid at the Sheder Refugee Camp in the Somali Regional State. Read More.

Mastercard Partners with EagleLionMastercard has collaborated with EagleLion System Technology to empower local businesses and consumers with innovative cashless payment solutions. Read More.

WB-funded E-commerce Platform Targets to Reach 300,000 SMEs in EthiopiaAn ambitious project, funded by the World Bank, is developing an e-commerce platform with the goal of reaching 300,000 small and medium-sized enterprises (SMEs) across the country. Read More.

African BPO Giant CCI Global to Resume Operations in Ethiopia 

CCI Ethiopia, a local branch of CCI Global, one of the largest business outsourcing (BPO) companies in Africa, is set to resume operations after a temporary shutdown at the end of last year. Read More.

Here is what we've been reading:

Criminals are targeting older Uber driversKenya data analytics startup Gro Intelligence shuts downEmpty wallets, empty bellies: Food inflation grips NigeriansIf you are here because someone forwarded you this email, you can subscribe here to get future newsletters.