We are excited to announce that AFRICOM Technologies & BPO Services with CSM Technologies has been nominated for a landmark national digital ID project in Ethiopia!

The National Bank of Ethiopia (NBE) has launched a crucial initiative to register borrowers from Microfinance Institutions (MFIs) with the #Fayda (National ID) program. This ambitious project aims to boost financial inclusion, streamline identification processes, and modernize the Ethiopian banking sector.

AFRICOM Technologies with CSM brings to the table our extensive experience in digital transformation, and leveraging our expertise gained from India's #Aadhaar program – a globally recognized biometric identification system. We're honored to be entrusted with enrolling over 3.2 million borrowers from 34 MFIs into the Fayda system.

We believe this project has the potential to revolutionize Ethiopia's economic and social landscape, just like Aadhaar did in India. With access to secure digital identities, borrowers will gain wider access to financial services, boosting economic activity and social inclusion.

The official signing ceremony took place on December 27, 2023 at Haytt Regency hotel in Addis Ababa, marked a significant step forward in this transformative journey by the presence Baheru Zeyenu - CEO of AFRICOM Technologies and key stakeholders Temeliso Abebe - Director, CRMCRD /NBE, Rahel Abraham Yitbarek - Deputy Director from National ID Program, Yemezwork Gerife - Ethiopia Enterprise Development SME Finance Project- Project Coordinator , and Awetach Tesfaye from International Finance Cooperation, and Kifle Negash - Manager Credit Reference Bureau. This signifies the unwavering commitment from all parties involved to make this project a success.