JMR Infotech, a leading global provider of digital transformation and banking technology solutions, is proud to announce the successful go-live of the Oracle Financial Services Analytical Applications (OFSAA) – Financial Crime and Compliance Management (FCCM) solution at Cooperative Bank of Oromia (Coopbank) in Ethiopia. 

This implementation represents a critical step forward in Coopbank’s mission to enhance compliance, mitigate risk, and strengthen its technology foundation for future growth. Through this strategic partnership, the bank now operates on a unified, enterprise-wide compliance framework that delivers enhanced anti-money laundering (AML) capabilities, real-time risk monitoring, robust data security, and streamlined regulatory adherence. 

The project successfully enabled the efficient validation and processing of over 14 million customer records, helping to bolster operational reliability and fraud prevention mechanisms. 

Jayafar Moidu, Founder & CEO of JMR Infotech, said: “This go-live represents more than a successful deployment — it is a powerful example of how strategic partnerships can reshape compliance landscapes. Coopbank’s vision, Oracle’s innovation, and JMR Infotech’s execution excellence came together to create a scalable solution that not only strengthens AML and risk capabilities today, but also supports the bank’s digital evolution for tomorrow. We’re proud to contribute to Coopbank’s mission of building a more resilient and trusted financial ecosystem.” 

African countries have made bold pledges to address the continent’s maternal and child mortality crisis, as a challenging health landscape, shrinking resources, climate change and conflict threaten to reverse decades of progress in child survival.

Nearly five million children die from preventable causes before the age of five every year. Close to 60 per cent of these deaths occur in Africa, many of them caused by infectious diseases such as pneumonia, diarrhea, malaria and meningitis. This is despite the existence of proven interventions such as vaccines, which have saved 154 million lives over the past 50 years

As the 2030 Sustainable Development Goals (SDGs) deadline looms, African governments are now doubling down on their commitments to end preventable deaths of children under five as envisioned by the global goals over the next five years.

The faster that Ethiopia can create a truly cashless society, the stronger its future as a digitally innovative country. This is according to Thomas Ferede, Business Development Executive at EFT Corporation, an Africa focused payment solutions provider. Ferede says that the future of banking across the continent lies in the full enablement of digital payments – including on-soil Visa and Mastercard card issuance, tokenisation, QR code payments, wallet integrations, and e-commerce capabilities.

“While Africa’s digital landscape is evolving, Ethiopia is experiencing a defining moment in its economic transformation. It is rapidly growing, highly ambitious and moving with intention toward a digital-first economy,” says Ferede. “As this growth continues, it is clear that pressure has been placed firmly on financial institutions to scale their digital offerings. It is here that market-leading technology partners play a pivotal role in supporting the country’s digital transformation efforts, while strengthening its foundational infrastructure.”

Ethiopia stands out with one of the most rapid expansions on the continent -increasingly moving beyond cash and embracing cards, wallets, QR codes and e-commerce as fundamental to its financial future.  A move that makes it easier to engage in cross-border e-commerce and subscribe to international platforms like Netflix, Amazon, iTunes and Google.

Secretary-General António Guterres has appointed 25 experts to the United Nations Committee of Experts on International Cooperation in Tax Matters for the 2025–2029 term. The experts will help countries design tax policies that advance their social, environmental, and economic development objectives and successfully implement them. 

The Committee supports countries in navigating complex policy trade-offs, such as taxing digital services without discouraging innovation, designing environmental taxes that advance climate goals while maintaining competitiveness, and ensuring that double tax treaties protect developing countries’ tax bases while promoting investment. The Committee’s guidance provides countries with practical options and tools based on real-world experiences from tax systems around the world.

“The Committee helps countries work together to ensure their tax policies serve their development priorities,” explained Under-Secretary-General Li Junhua, head of the UN Department of Economic and Social Affairs (UN DESA), which serves as secretariat for the committee. “Countries may want to modernize their tax treaties to reflect today’s digital economy, ensure fair taxation in the extractives sector, or explore options for wealth taxation. The Committee provides a unique space where diverse experts can tackle frontier challenges together, drawing upon relevant experiences and practices while developing new solutions that work across different tax systems.”