The Commercial Bank of Ethiopia (CBE) has announced that it has transacted 5.3 trillion Birr through its digital services in the first half of the current fiscal year.

The bank reported that 79 percent of its money transfer transactions are now carried out through digital platforms.

Digital banking enables customers to access banking services conveniently through mobile phones and cards, eliminating the need for physical branch visits.

Director of Merchant and Agent Management at CBE’s Digital Banking Division, Bilen Hailemichael highlighted the bank’s significant digital footprint.

CBE has 30 million CBE Birr users and 9 million mobile banking users. Additionally, the bank boasts 21 million cardholders and over 4,000 businesses utilizing Point-of-Sale (POS) terminals, he underscored.

As part of this expansion, the bank’s digital marketing initiatives have grown alongside its digital services; he stated adding that 910 million transactions have been carried out in the past six months of the current fiscal year. (FMC)

Youth trainees from Afar, Sidama, and Harari regions have commended the impact of the ‘Five Million Ethiopian Coders’ training in helping them perform better.

Recall that the 5 million Ethiopian Coders Initiative, the large-scale capacity-building project for the country’s youth, was launched by Prime Minister Abiy Ahmed in July, 2024.

The trainees told local news agency ENA that Ethiopian coders training is instrumental for youth to quickly adapt to modern technologies emerging in changing circumstances.

Shambel Mohammed, an expert at the Ethiopian Electric Utility in Afar region, said the Ethiopian coders training has enabled him to carry out his job better.

Stating that working with digital technology is the preferred way at the global level, he added that taking advantage of the opportunities provided by the government enables acquiring skills that allow you to connect with different countries around the world.

Another expert from Sidama Regional State Science and Technology Agency, Robel Daniel said the training is crucial in enabling the generation to quickly adapt to modern technologies in the fast changing world. (ENA)