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Ethiopia is set to roll out its first-ever homegrown credit card, thanks to a partnership between UAE-based fintech Sanu...
22/07/2025

Ethiopia is set to roll out its first-ever homegrown credit card, thanks to a partnership between UAE-based fintech SanuPay and global payments software provider OpenWay.

The project will help the East African country advance towards a cashless future and is powered by OpenWay’s Way4 payments platform.

Alfred Gachaga, CEO of SanuPay said with backing from SantimPay, a licensed payment system operator under the National Bank of Ethiopia, this initiative is set to transform the nation's and usher in a new age of digital payments

“We have selected the best-in-class solution to provide best-in-class payment services in Ethiopia. By partnering with OpenWay and deploying Way4, we are enabling a new era of card issuing in Ethiopia and beyond,” he said.
SanuPay plans to issue 4 million debit and prepaid cards and 5,000 Visa and Mastercard credit cards in Ethiopia. The rollout will also include 10,000 point-of-sale terminals and 200 ATMs across the country, all running on the flexible and configurable Way4 platform.

Oromia Bank is expected to be the first to issue the new credit cards and will also launch a co-branded loyalty card in partnership with Sheba Miles, Ethiopia’s flagship frequent flyer program.

Hermann Mike, Regional Director for Sub-Saharan Africa at OpenWay, added: “Ethiopia is not only launching its first domestic credit card but is laying the foundation for a modern, inclusive, and interoperable payments landscape."

Beyond Ethiopia, SanuPay is setting its sights on Kenya and Rwanda, where it is working with and fintechs to enhance card processing, cross-border remittances, and mobile payment solutions.
https://itweb.africa/article/ethiopia-makes-strides-in-fintech-with-new-homegrown-credit-card/WnxpEv4YjYr7V8XL

Rubio Talks With Ethiopian PM AbiyDepartment of StateAs stated by Spokesperson Tammy Bruce:Secretary of State Marco Rubi...
22/07/2025

Rubio Talks With Ethiopian PM Abiy
Department of State
As stated by Spokesperson Tammy Bruce:

Secretary of State Marco Rubio spoke with Ethiopian Prime Minister Abiy Ahmed today. The Secretary and Prime Minister discussed their shared goals for stability and economic growth in Ethiopia and the Horn of Africa. The Secretary underscored the need for dialogue and regional stability. Secretary Rubio commended Ethiopia's economic reforms, highlighting their potential to expand opportunities for U.S. trade and investment.
https://www.miragenews.com/rubio-talks-with-ethiopian-pm-abiy-1500964/

Ethiopia–Egypt dispute escalates after Trump’s controversial remarks on $5 billion GERD projectThe long-standing tension...
22/07/2025

Ethiopia–Egypt dispute escalates after Trump’s controversial remarks on $5 billion GERD project

The long-standing tensions between Ethiopia and Egypt over the Grand Ethiopian Renaissance Dam (GERD) escalated recently following remarks by U.S. President Donald Trump that many Ethiopians have condemned as inflammatory and one-sided.

Speaking during a meeting with NATO officials in Washington, Trump appeared to align himself with Egypt in the ongoing dispute over the $5 billion hydropower project being built on the Blue Nile, one of the Nile River’s primary tributaries.
https://africa.businessinsider.com/local/lifestyle/ethiopiaegypt-dispute-escalates-after-trumps-controversial-remarks-on-dollar5-billion/resfcsc

Trump pulls US out of Unesco in blow for UN culture and education agencyWhite House cites Unesco’s focus on ‘divisive so...
22/07/2025

Trump pulls US out of Unesco in blow for UN culture and education agency

White House cites Unesco’s focus on ‘divisive social and cultural causes’ in latest withdrawal from global bodies

The US will quit the United Nations’ culture and education agency Unesco, the US state department has said, as Donald Trump continues to pull out of international institutions.

“Unesco works to advance divisive social and cultural causes and maintains an outsized focus on the UN’s sustainable development goals, a globalist, ideological agenda for international development at odds with our America First foreign policy,” a state department spokesperson, Tammy Bruce, said.

The move is a blow to the Paris-based global organisation, founded after the second world war to promote peace through international cooperation in education, science and culture.

Will Mike Waltz lead a ‘full-frontal assault’ on the UN?
Read more
The decision is part of the president’s second-term drive to pull the US out of a series of global bodies, including leaving the World Health Organization (WHO), halting funding to the Palestinian relief agency Unrwa and withdrawing from the UN human rights council, as part of a review of US participation in UN agencies.

A US withdrawal, to take effect in December 2026, will be a blow to Unesco’s work on education, culture and combating hate speech. But officials at the Unesco headquarters in Paris had been braced for a potential US departure during Trump’s second term. The US provides about 8% of the body’s total budget, making the financial impact of Washington’s departure less severe than for other organisations, such as the WHO, for which the US is by far the biggest financial backer.

The White House deputy spokesperson Anna Kelly told the New York Post: “President Trump has decided to withdraw the United States from Unesco – which supports woke, divisive cultural and social causes that are totally out of step with the commonsense policies that Americans voted for in November.”

In February, the White House had announced a 90-day review of the US membership of Unesco, saying in a statement that the global body had “demonstrated failure to reform itself, has continually demonstrated anti-Israel sentiment over the past decade, and has failed to address concerns over mounting arrears”.

Unesco, the United Nations Educational, Scientific and Cultural Organization, is best known for designating world heritage sites including the Grand Canyon in the US and the ancient city of Palmyra in Syria. It also has a large cultural and education programme to promote intercultural dialogue.

The US was a founding member of Unesco in 1945, but this latest departure will be the third time it has quit.

Washington first withdrew in 1983 under Ronald Reagan, whose administration said the global organisation had anti-western bias and “has extraneously politicised virtually every subject it deals with”. It rejoined under George W Bush in 2003, with the White House saying it was happy with Unesco reforms.

Trump pulled the US out of Unesco in 2017, during his first term as president. His administration cited what it called “mounting arrears, the need for fundamental reform in the organisation, and continuing anti-Israel bias”.

The US returned to Unesco in 2023 under Joe Biden. The Biden administration said it was crucial to rejoin in order to counter “Chinese influence”. Beijing had become the organisation’s biggest financial backer in Washington’s absence. As a condition of readmission, the US agreed to pay about $619m in unpaid dues and make contributions to programmes supporting education access initiatives in Africa, Holocaust remembrance and journalists’ safety.

In 2011, Unesco voted to admit Palestine, which is not formally recognised by the US or Israel as a UN member state. The Barack Obama White House had cut Unesco contributions, resulting in the US owing millions in arrears to the organisation.
https://www.theguardian.com/world/2025/jul/22/us-unesco-withdrawal-trump-united-nations

Ethiopia to Launch Its First Domestic Credit Card--Powered by OpenWay and SanuPayADDIS ABABA, Ethiopia, July 21, 2025 /P...
21/07/2025

Ethiopia to Launch Its First Domestic Credit Card--Powered by OpenWay and SanuPay

ADDIS ABABA, Ethiopia, July 21, 2025 /PRNewswire/ -- In a landmark development for East Africa's financial sector, SanuPay, a next-generation third-party payment processor licensed and headquartered in the UAE, has partnered with OpenWay, a global leader in digital payments software, to launch Ethiopia's first domestic credit card. This rollout marks a pivotal shift in the country's move toward a formalized and digitally enabled financial infrastructure.

The new credit card ecosystem is powered by the Way4 platform from OpenWay, which provides end-to-end solutions for issuing, acquiring, switching, and mobile wallets. SanuPay will issue 4 million debit and prepaid cards and 5,000 Visa and Mastercard credit cards, while operating 10,000 point-of-sale (POS) terminals and 200 ATMs nationwide—all running on Way4. The first domestic credit cards are expected to be issued by Oromia Bank, which also plans to introduce a co-branded loyalty card with Sheba Miles.

Supporting the infrastructure behind this nationwide rollout is SantimPay, a licensed payment system operator under the National Bank of Ethiopia. With a mission to build a cashless and connected economy, SantimPay ensures local transaction switching and processing is secure, efficient, and compliant.

SanuPay's ambitions extend regionally. In Kenya, the company is collaborating with regional banks and fintechs to modernise card processing, remittances, and cross-border payments. In Rwanda, SanuPay will empower fintechs with tools to issue virtual cards, implement tokenisation, launch digital wallets, and integrate mobile payments.

OpenWay's Way4 platform has already proven its effectiveness in Africa through partnerships with institutions such as Equity Bank. Its modular design and configurability without coding—95% of functionality can be deployed without custom development—make it ideal for rapidly evolving markets.

"We have selected the best-in-class solution to provide best-in-class payment services in Ethiopia," said Alfred Gachaga, CEO at SanuPay. "Partnering with OpenWay and deploying Way4 enables a resilient, scalable, and compliant infrastructure that supports Africa's digital financial transformation."
https://sg.finance.yahoo.com/news/ethiopia-launch-first-domestic-credit-090000457.html?guccounter=1&guce_referrer=aHR0cHM6Ly9uZXdzLmdvb2dsZS5jb20v&guce_referrer_sig=AQAAAIX_vFfiOdx5UwgcKkhXfoa5oYiMQ3UA-0cBlEhLQt4-1pWCEpv42tS-xqIQvCoH7UUr5vMeqAC2P77c7kH8AIRXYJKr_32gcMimZaBDAJ2wUh5Tm2Eio99_MUxiN7l14gEPp2gHG3HD7tPwiCkVc54xu1a03E9J-ZV6eyk5kcNu

Scoop: Israel seeks U.S. help on deals to move Palestinians out of GazaThe director of Israel's Mossad spy agency visite...
19/07/2025

Scoop: Israel seeks U.S. help on deals to move Palestinians out of Gaza

The director of Israel's Mossad spy agency visited Washington this week seeking U.S. help in convincing countries to take hundreds of thousands of Palestinians from Gaza, two sources with knowledge of issue tell Axios.

The spy chief, David Barnea, told White House envoy Steve Witkoff that Israel has been speaking in particular with Ethiopia, Indonesia and Libya.
Why it matters: The Israeli government's goal of removing much of Gaza's population is hugely controversial. While Prime Minister Benjamin Netanyahu's government claims such a "relocation" would be "voluntary," U.S. and Israeli legal experts have labeled it a war crime.

Behind the scenes: In their meeting earlier this week, Barnea told Witkoff that Ethiopia, Indonesia and Libya had expressed openness to receiving large numbers of Palestinians from Gaza, the two source say.

Barnea suggested that the U.S. offer incentives to those countries and help Israel convince them.
Witkoff was non-committal, and it's not clear if the U.S. will actively weigh in on this issue, one source said.
The White House, the Israeli Prime Minister's Office, and the foreign ministries of Ethiopia, Indonesia and Libya did not respond to requests for comment prior to publication.
https://www.axios.com/2025/07/18/israel-send-palestinians-gaza-indonesia-ethiopia

18/07/2025
Ethiopia’s Debt Restructuring at Risk Despite Reform PushThe International Monetary Fund (IMF) has cautioned Ethiopia th...
18/07/2025

Ethiopia’s Debt Restructuring at Risk Despite Reform Push

The International Monetary Fund (IMF) has cautioned Ethiopia that its recent reforms, backed by a $3.4 billion loan, may not be enough to ease its debt restructuring efforts. While the agency acknowledged the country’s push toward economic reforms—such as subsidy cuts, tax changes, and currency liberalization—it also flagged significant risks that could complicate said reforms. According to an IMF executive, security issues and a sharp decline in foreign aid, now under 4% of GDP compared to 12% a decade ago, pose major threats to Ethiopia’s recovery. Addis Ababa defaulted on its debt in December 2023 and has since reached a preliminary deal with official creditors. However, it still needs to secure comparable terms with private bondholders to move forward with its restructuring plan.
https://africa.com/ethiopias-debt-restructuring-at-risk-despite-reform-push/

Ethiopia’s Afar Region Hit by Powerful Volcanic Eruptions, Travel Delays Expected as Ash Plumes and Lava Erupt Near Erta...
18/07/2025

Ethiopia’s Afar Region Hit by Powerful Volcanic Eruptions, Travel Delays Expected as Ash Plumes and Lava Erupt Near Erta Ale

Violent eruptions of the Afar volcano Erta Ale rocked the Eastern Desert of Holaleda in 2025, when all was quiet climbing the slopes of the Skneggu Kraal. The latest volcanic activity has again brought attention to the island with a lot of ash and thick plumes and runny flows of lava reaching unprecedented levels. Not only are these eruptions visually stunning, they present continued danger to the local area and people, so much so, scientists must closely follow the situation.

Volcanic eruptions have been taking place in Ethiopia’s Afar region, specifically near the Erta Ale volcano, where activity has been reported across four distinct locations. Local media confirmed that the eruptions began on Tuesday and have continued throughout the week, with visible ash plumes and increased volcanic activity raising concerns among residents and experts alike.

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Regional authorities have been closely monitoring the situation, which shows no signs of easing. Despite the significant nature of the eruptions, the Afar Regional Tourism Bureau has reported no casualties or damage to nearby communities as of now. The volcanic activity, while intense, has not yet led to direct harm to the population, although officials remain vigilant in their efforts to assess any evolving risks.

The Erta Ale volcano, renowned for its ongoing volcanic activity, unleashed another powerful eruption on July 15 and 16, 2025. Thick plumes of smoke and ash were reported, with the smoke settling toward the ground, indicating substantial volcanic force. This new eruption comes after several weeks of activity, and local observers have continued to capture and document the event as it unfolds.

Satellite data has shown that the eruptive activity at Erta Ale began as early as July 1, with imagery revealing small thermal anomalies in both the northern and southern pit craters. This thermal activity has continued to be monitored throughout the month of July, with further satellite imagery taken on July 6, 8, and 11 showing sustained heat signatures. These anomalies are indicative of increased volcanic activity beneath the surface, suggesting that further eruptions could be imminent.

As the eruptions continued, a local observer recorded a striking scene on July 15: a dense black plume of smoke emerging from the volcano. Experts believe this phenomenon resulted from the collapse of a crust layer over the lava lake, a common occurrence in volcanic regions where intense pressure builds beneath the surface. This collapse allowed gases and ash to escape more violently, creating a dramatic visual spectacle.

The Global Volcanism Program, which tracks volcanic activity worldwide, has been actively documenting the situation at Erta Ale. The relentless eruptions have captivated the scientific community, drawing significant concern due to their unprecedented intensity and frequency. Researchers are particularly focused on the evolving behavior of the lava lake within the crater and the possible implications it may have for future eruptions. The presence of thermal anomalies suggests that the volcano’s internal dynamics remain highly active, and experts are concerned that the region could experience further escalation.

Despite the continuous volcanic activity, the region has not yet seen significant destruction or loss of life. Local authorities have remained in communication with international monitoring organizations and are ready to take precautionary measures if the eruptions grow more violent. The Afar region, which is already home to harsh environmental conditions, faces additional challenges with the ongoing volcanic activity. The eruptions not only threaten the environment but also pose potential risks to nearby infrastructure and the livelihoods of local communities.

In addition to the direct impacts of the volcanic activity, the situation has drawn attention due to the broader implications for tourism. The Afar region, home to several iconic geological sites, has been a popular destination for visitors interested in exploring the Erta Ale volcano and its unique lava lake. However, the recent eruptions have led to temporary travel advisories and restrictions in the area. The Afar Regional Tourism Bureau has reassured travelers that there is no immediate risk to the safety of tourists, but visitors are advised to stay informed about the situation as it develops.

Local communities near the Erta Ale volcano have historically been resilient in the face of volcanic activity, but the latest eruptions have raised concerns about the long-term sustainability of life in the area. In particular, the collapse of crust layers over the lava lake, coupled with frequent ash fall, could affect local agriculture and water sources. Authorities are working to mitigate any environmental damage by deploying monitoring teams to assess air quality and track the movement of ash clouds, which can travel significant distances depending on wind patterns.

As the eruptions persist, scientists are working to understand the full scope of the volcanic activity and its potential impact on the surrounding region. The ongoing use of satellite imagery and field observations is critical in determining whether the eruptions will lead to further explosions or if the current activity will subside. These data points are invaluable in providing real-time information to both the local population and the global scientific community.

Experts caution that while the eruptions have not yet caused widespread destruction, the situation remains fluid. Volcanic activity can change rapidly, and the ongoing monitoring efforts will help to guide emergency responses if necessary. The eruptions at Erta Ale are part of a long history of volcanic activity in the region, but the current intensity has sparked renewed attention to the need for preparedness and resilience in the face of nature’s power.
https://www.travelandtourworld.com/news/article/ethiopias-afar-region-hit-by-powerful-volcanic-eruptions-travel-delays-expected-as-ash-plumes-and-lava-erupt-near-erta-ale/

Compilation of clips shows dams in South Africa and Brazil, not Ethiopia’s new Nile River projectTolera FIKRU GEMTA / Pe...
18/07/2025

Compilation of clips shows dams in South Africa and Brazil, not Ethiopia’s new Nile River project
Tolera FIKRU GEMTA / Peris GACHAHI / AFP Ethiopia / AFP Kenya

Ethiopian Prime Minister Abiy Ahmed announced in July 2025 that the multi-billion-dollar Great Ethiopian Renaissance Dam (GERD) project would be inaugurated in September 2025. Following this announcement, a post published on Facebook claims to show footage of the dam in operation ahead of its inauguration. However, this is misleading; the video shows dams in South Africa and Brazil.
The post contains a text overlay in Amharic, which translates to: “This is happening in Meskrem 2018 E.C: the inauguration of the GERD dam and the start of oil production will take place together.”

Meskerem 2018 in the Ethiopian calendar is equivalent to September 2025.

The post was originally published on TikTok and has been shared more than 110 times since it was reposted to Facebook on July 4, 2025.

The 53-second video features a male news presenter reporting on an announcement made by Abiy in early July. Footage of various dam facilities display on the screen over the audio.

“Ethiopian Prime Minister Abiy Ahmed told members of parliament during the 42nd ordinary session that Ethiopia will begin marketing oil starting next September,” the presenter says.

“In addition, he confirmed that the Grand Ethiopian Renaissance Dam will be inaugurated this coming September.”

The GERD
On July 3, 2025, Abiy announced the completion of the multi-billion-dollar mega-dam on the Blue Nile and said it would be officially inaugurated in September 2025 (archived here).

Launched in 2011 with a $4 billion budget, the GERD is considered Africa’s largest hydroelectric project. The dam wall spans 1.8 kilometres (1.1 miles) and is 145 metres (475 feet) high.

While Addis Ababa views the dam as essential to its national electrification program, it has been a source of tension with downstream countries Egypt and Sudan, who fear it could threaten their water supply from the Nile (archived here).

However, the video does not show Ethiopia’s new dam, set for inauguration in September.

Gariep Dam
AFP Fact Check used the video verification tool InVID-WeVerify to conduct reverse image searches on keyframes from the video and established that none of the clips featured show the GERD.

Search results indicate that the first 12 seconds of the video show the Gariep Dam, located between the Free State and Eastern Cape provinces in South Africa.

The footage was published on TikTok on January 30, 2021, with the English caption: “Gariep Dam 30/01/2021, 114% Full.”
https://www.yahoo.com/news/compilation-clips-shows-dams-south-125857681.html

Africa emerges strategic 'testing ground' for China’s currency ambitionsChina’s push to globalize its currency, the yuan...
18/07/2025

Africa emerges strategic 'testing ground' for China’s currency ambitions

China’s push to globalize its currency, the yuan, is gaining traction in Africa, with the continent emerging as a strategic testing ground for Beijing’s broader de-dollarization ambitions.

In a recent milestone, the central banks of China and Egypt signed a series of agreements to increase yuan use in bilateral trade and investment.

The deals, signed during Chinese Premier Li Qiang’s visit to Cairo last week, were praised by People’s Bank of China governor Pan Gongsheng as “a key step in advancing economic ties” between the two countries.

Key provisions include electronic payment cooperation such as expanding China’s UnionPay system in Egypt, and enabling cross-border yuan-denominated transactions for banks operating in the China-Egypt TEDA Suez Economic and Trade Cooperation Zone.

These financial operations will be processed through the Cross-border Interbank Payment System (CIPS), China’s alternative to the SWIFT network, thereby reducing reliance on Western financial systems.

With this development, Egypt now joins a growing list of African nations, including South Africa, Nigeria, and Angola, that are actively incorporating the yuan into their trade and financial dealings with China.

China’s growing currency ambition in Africa
The expansion of the yuan across Africa is part of China’s broader strategy to challenge the dominance of the U.S. dollar.
https://africa.businessinsider.com/local/markets/africa-emerges-strategic-testing-ground-for-chinas-currency-ambitions/sc32g8r

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