All but one of South Africa's five largest banks reduced ATMs in their last reported interim financial periods, continuing a years-long trend in ATM cuts.
The traditional Big Four Absa, FNB, Nedbank, and Standard Bank - closed a combined 233 ATMs in the first half of 2024.
The biggest cutters were Standard Bank and Absa, which shut down 76 and 75 ATMs, respectively. Ned-bank followed with 42 and FNB with 40. Capitec is the only major bank that has increased its number of ATMs, according to its interim financials for the period from March to August 2024, Capitec increased its ATMs from 8,382 to 8,749 - a jump of 367.
The traditional Big Four Absa, FNB, Nedbank, and Standard Bank - closed a combined 233 ATMs in the first half of 2024.
The biggest cutters were Standard Bank and Absa, which shut down 76 and 75 ATMs, respectively. Ned-bank followed with 42 and FNB with 40. Capitec is the only major bank that has increased its number of ATMs, according to its interim financials for the period from March to August 2024, Capitec increased its ATMs from 8,382 to 8,749 - a jump of 367.
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Pattern Finance and Investment - ፋይናንስ
All but one of South Africa's five largest banks reduced ATMs in their last reported interim financial periods, continuing a years-long trend in ATM cuts. The traditional Big Four Absa, FNB, Nedbank, and Standard Bank - closed a combined 233 ATMs in the first…
𝗥𝗲𝗮𝘀𝗼𝗻𝘀:
Firstly, Internet penetration has improved drastically, and smartphones have become more affordable.Consequently, more South Africans have started using mobile banking apps to manage their accounts and perform transactions.
Secondly, the demand for cash has declined for several reasons. The number of low-cost banking accounts has increased substantially since TymeBank came onto the scene in 2019.
In addition, point-of-sale devices and their commissions have become much more affordable with solutions like Yoco and iKhokha, making it easier for small businesses to switch from cash.
Scan-to-pay apps like Snap-scan and Zapper have alsomade it possible for businesses to accept card payments without a card terminal.
While cash is undoubtedly still popular in South Africa, banks have increasingly partnered with grocery and other retailers to offer withdrawal and depositing services at their tills.
Lastly, as with many business trends in South Africa, crime has played a role.
Protecting and insuring ATMs against bombings by criminal syndicates costs banks millions of rand each year.
Firstly, Internet penetration has improved drastically, and smartphones have become more affordable.Consequently, more South Africans have started using mobile banking apps to manage their accounts and perform transactions.
Secondly, the demand for cash has declined for several reasons. The number of low-cost banking accounts has increased substantially since TymeBank came onto the scene in 2019.
In addition, point-of-sale devices and their commissions have become much more affordable with solutions like Yoco and iKhokha, making it easier for small businesses to switch from cash.
Scan-to-pay apps like Snap-scan and Zapper have alsomade it possible for businesses to accept card payments without a card terminal.
While cash is undoubtedly still popular in South Africa, banks have increasingly partnered with grocery and other retailers to offer withdrawal and depositing services at their tills.
Lastly, as with many business trends in South Africa, crime has played a role.
Protecting and insuring ATMs against bombings by criminal syndicates costs banks millions of rand each year.
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🚀 Breaking News: Chinese "Starlink" Set to Launch in 30+ Countries, Including South Africa! 🌍
SpaceSail China's answer to Starlink, is gearing up for a global rollout that could reshape the satellite broadband landscape. With plans to have 648 satellites in orbit by the end of 2025 and a whopping 15,000 by 2030, SpaceSail is poised to give Elon Musk's Starlink a run for its money.
What does this mean for the industry? 🤔
1️⃣ Heightened Competition: SpaceSail's entry will intensify the race for global satellite internet dominance. Incumbent telcos and Starlink will face pressure to innovate and improve their offerings.
2️⃣ The "China Price" Effect: 💰 As with many markets Chinese products enter, we can expect competitive pricing from SpaceSail. This could lead to more affordable satellite internet options for consumers worldwide.
3️⃣ Political Advantage: In countries where Starlink faces regulatory hurdles or political resistance, SpaceSail might find an easier path to entry. South Africa, with its growing ties to China and BRICS membership, could be a prime example.
4️⃣ Rapid Expansion: SpaceSail aims to begin commercial services this year, potentially capitalizing on markets where Starlink has struggled to gain approval.
5️⃣ Geopolitical Implications: As satellite internet becomes increasingly crucial for global connectivity, the competition between US-backed Starlink and Chinese-backed SpaceSail could have far-reaching geopolitical consequences.
@PatternFin
SpaceSail China's answer to Starlink, is gearing up for a global rollout that could reshape the satellite broadband landscape. With plans to have 648 satellites in orbit by the end of 2025 and a whopping 15,000 by 2030, SpaceSail is poised to give Elon Musk's Starlink a run for its money.
What does this mean for the industry? 🤔
1️⃣ Heightened Competition: SpaceSail's entry will intensify the race for global satellite internet dominance. Incumbent telcos and Starlink will face pressure to innovate and improve their offerings.
2️⃣ The "China Price" Effect: 💰 As with many markets Chinese products enter, we can expect competitive pricing from SpaceSail. This could lead to more affordable satellite internet options for consumers worldwide.
3️⃣ Political Advantage: In countries where Starlink faces regulatory hurdles or political resistance, SpaceSail might find an easier path to entry. South Africa, with its growing ties to China and BRICS membership, could be a prime example.
4️⃣ Rapid Expansion: SpaceSail aims to begin commercial services this year, potentially capitalizing on markets where Starlink has struggled to gain approval.
5️⃣ Geopolitical Implications: As satellite internet becomes increasingly crucial for global connectivity, the competition between US-backed Starlink and Chinese-backed SpaceSail could have far-reaching geopolitical consequences.
@PatternFin
National Bank of Ethiopia and the Ethiopian Securities Exchange (ESX) have officially partnered to enhance efficiency, transparency, and security in Ethiopia’s Interbank Money Market (IMM).
Since its launch in October 2024, the IMM has already facilitated ETB 377 billion in transactions. This MoU marks a significant step in strengthening market confidence, improving liquidity management, and supporting sustainable economic growth.
This collaboration will play a key role in modernizing Ethiopia’s financial system, making it more accessible and reliable for banks and businesses the partnership will create new opportunities for financial institutions to manage liquidity more effectively, reinforcing market stability and driving long-term economic growth.
s. By leveraging the ESX trading platform,
@PatternFin
Since its launch in October 2024, the IMM has already facilitated ETB 377 billion in transactions. This MoU marks a significant step in strengthening market confidence, improving liquidity management, and supporting sustainable economic growth.
This collaboration will play a key role in modernizing Ethiopia’s financial system, making it more accessible and reliable for banks and businesses the partnership will create new opportunities for financial institutions to manage liquidity more effectively, reinforcing market stability and driving long-term economic growth.
s. By leveraging the ESX trading platform,
@PatternFin
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Kacha, in Collaboration with Global Bank & Lucy Insurance, to Unveil Innovative Digital Insurance Solution at Skylight Hotel
@PatternFin
@PatternFin
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Pattern Finance and Investment - ፋይናንስ
Kacha, in Collaboration with Global Bank & Lucy Insurance, to Unveil Innovative Digital Insurance Solution at Skylight Hotel @PatternFin
Kacha, in Collaboration with Global Bank & Lucy Insurance, to Unveil Innovative Digital Insurance Solution at Skylight Hotel
Ethiopia’s insurance sector remains underdeveloped, with an alarmingly low penetration rate compared to global and regional standards. A combination of manual processes, limited technological adoption, and stringent capital requirements has hindered its growth. These challenges have made insurance unaffordable and inaccessible, particularly for large segments of the population, including self-employed individuals and micro, small, and medium enterprises (MSMEs), despite a pressing need for financial protection.
Recognizing these gaps, Kacha Digital Financial Services (DFS) has been working on a way to transform insurance accessibility through digital innovation. In collaboration with Lucy Insurance S.C. and Global Bank of Ethiopia, Kacha is introducing a groundbreaking insurance product designed to reshape the industry landscape.
After months of rigorous pilot testing, this innovative insurance solution is set for its official commercial launch on Thursday, March 20, at Skylight Hotel, Addis Ababa. The product aims to streamline access to insurance, lower entry barriers, and enhance financial inclusion by leveraging digital platforms to provide seamless, affordable, and scalable coverage.
This milestone marks a significant step forward in Kaha’s journey toward a more inclusive and tech-driven financial ecosystem. By integrating digital financial services with insurance, Kacha and its partners are not only expanding market reach but also empowering underserved communities with the financial security they need to thrive.
@PatternFin
Ethiopia’s insurance sector remains underdeveloped, with an alarmingly low penetration rate compared to global and regional standards. A combination of manual processes, limited technological adoption, and stringent capital requirements has hindered its growth. These challenges have made insurance unaffordable and inaccessible, particularly for large segments of the population, including self-employed individuals and micro, small, and medium enterprises (MSMEs), despite a pressing need for financial protection.
Recognizing these gaps, Kacha Digital Financial Services (DFS) has been working on a way to transform insurance accessibility through digital innovation. In collaboration with Lucy Insurance S.C. and Global Bank of Ethiopia, Kacha is introducing a groundbreaking insurance product designed to reshape the industry landscape.
After months of rigorous pilot testing, this innovative insurance solution is set for its official commercial launch on Thursday, March 20, at Skylight Hotel, Addis Ababa. The product aims to streamline access to insurance, lower entry barriers, and enhance financial inclusion by leveraging digital platforms to provide seamless, affordable, and scalable coverage.
This milestone marks a significant step forward in Kaha’s journey toward a more inclusive and tech-driven financial ecosystem. By integrating digital financial services with insurance, Kacha and its partners are not only expanding market reach but also empowering underserved communities with the financial security they need to thrive.
@PatternFin
🌟 China's Leap into the Future: Dark Factories Are Here!🌟
🚀 Imagine a factory that runs 24/7 with no workers, no lights, and zero human intervention — powered entirely by AI, robotics, IoT, and 5G. This is not science fiction; it’s happening right now in China! 🇨🇳
🔍 What Are Dark Factories?
Dark Factories are fully automated facilities where machines handle every task—from assembly to quality control—without human oversight. With no workers present, these factories operate in total darkness, slashing energy costs and maximizing productivity.
⚙️ Why This Matters
✔️ Unmatched Efficiency: Continuous operations with near-zero error rates.
✔️ Cost Savings: No salaries, no lighting, minimal energy consumption.
✔️ Global Leadership: Positions China as a frontrunner in Industry 4.0.
🌐 Examples of Dark Factory Success
🏭 Foxconn: Replaced 60,000 workers with robots in Kunshan.
📱 Xiaomi Technology Produces over 1M smartphones annually using robotic precision.
❄️ Midea Group: Manufactures 30% of the world’s air conditioners in fully automated plants.
However, this technological leap raises critical questions:
🤔 What happens to millions of manufacturing jobs?
🔐 How do we address cybersecurity risks in fully automated systems?
🌍 Will this innovation disrupt global supply chains?
💡The future of manufacturing is here — efficient, precise, and revolutionary. However, balancing progress with societal impact is key.
#DarkFactories #AI #Robotics #Innovation
@PatternFin
🚀 Imagine a factory that runs 24/7 with no workers, no lights, and zero human intervention — powered entirely by AI, robotics, IoT, and 5G. This is not science fiction; it’s happening right now in China! 🇨🇳
🔍 What Are Dark Factories?
Dark Factories are fully automated facilities where machines handle every task—from assembly to quality control—without human oversight. With no workers present, these factories operate in total darkness, slashing energy costs and maximizing productivity.
⚙️ Why This Matters
✔️ Unmatched Efficiency: Continuous operations with near-zero error rates.
✔️ Cost Savings: No salaries, no lighting, minimal energy consumption.
✔️ Global Leadership: Positions China as a frontrunner in Industry 4.0.
🌐 Examples of Dark Factory Success
🏭 Foxconn: Replaced 60,000 workers with robots in Kunshan.
📱 Xiaomi Technology Produces over 1M smartphones annually using robotic precision.
❄️ Midea Group: Manufactures 30% of the world’s air conditioners in fully automated plants.
However, this technological leap raises critical questions:
🤔 What happens to millions of manufacturing jobs?
🔐 How do we address cybersecurity risks in fully automated systems?
🌍 Will this innovation disrupt global supply chains?
💡The future of manufacturing is here — efficient, precise, and revolutionary. However, balancing progress with societal impact is key.
#DarkFactories #AI #Robotics #Innovation
@PatternFin
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ፈረስ ታክሲ የመነሻ ዋጋን በ30 ብር ጨመረ
በከተማዋ በስፋት አገልግሎት የሚሰጠው ፈረስ ታክሲ የመነሻ ዋጋውን በ30 ብር መጨመሩ ተሰማ። ይህ ጭማሪ ከዚህ ሳምንት ጀምሮ ተግባራዊ የሆነ ሲሆን፣ የመነሻ ዋጋው ከ100 ብር ወደ 130 ብር ከፍ ብሏል።
የፈረስ ታክሲ አሽከርካሪዎች ለዚህ የዋጋ ጭማሪ ምክንያቱ የነዳጅ ዋጋ መጨመር እና የውጭ ምንዛሪ ማሻሻያ ሊሆን እንደሚችል አስረድተዋል።
አሽከርካሪዎቹ ለረጅም ጊዜ ለሚመለከታቸው አካላት የዋጋ ማሻሻያ ጥያቄ ቢያቀርቡም ምላሽ ሳያገኙ በመቅረታቸው በርካታ አሽከርካሪዎች ወደ ሌሎች ተመሳሳይ አገልግሎት ሰጪ ኩባንያዎች መሄዳቸው ተጠቁሟል።
#Feres #ፈረስ #Ride
@PatternFin
በከተማዋ በስፋት አገልግሎት የሚሰጠው ፈረስ ታክሲ የመነሻ ዋጋውን በ30 ብር መጨመሩ ተሰማ። ይህ ጭማሪ ከዚህ ሳምንት ጀምሮ ተግባራዊ የሆነ ሲሆን፣ የመነሻ ዋጋው ከ100 ብር ወደ 130 ብር ከፍ ብሏል።
የፈረስ ታክሲ አሽከርካሪዎች ለዚህ የዋጋ ጭማሪ ምክንያቱ የነዳጅ ዋጋ መጨመር እና የውጭ ምንዛሪ ማሻሻያ ሊሆን እንደሚችል አስረድተዋል።
አሽከርካሪዎቹ ለረጅም ጊዜ ለሚመለከታቸው አካላት የዋጋ ማሻሻያ ጥያቄ ቢያቀርቡም ምላሽ ሳያገኙ በመቅረታቸው በርካታ አሽከርካሪዎች ወደ ሌሎች ተመሳሳይ አገልግሎት ሰጪ ኩባንያዎች መሄዳቸው ተጠቁሟል።
#Feres #ፈረስ #Ride
@PatternFin
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$7.8 Billion Price Tag Set for Ethiopia’s New Bishoftu Airport Hub
Ethiopian Airlines Group disclosed plans on Saturday for a 7.8 billion US dollars mega airport in Bishoftu, marking the first public reveal of the project’s cost as it signed a preliminary deal with the African Development Bank (AfDB) to meet booming travel demand.
@PatternFin
Ethiopian Airlines Group disclosed plans on Saturday for a 7.8 billion US dollars mega airport in Bishoftu, marking the first public reveal of the project’s cost as it signed a preliminary deal with the African Development Bank (AfDB) to meet booming travel demand.
@PatternFin
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𝗘𝘁𝗵𝗶𝗼 𝗧𝗲𝗹𝗲𝗰𝗼𝗺’𝘀 𝗧𝗲𝗹𝗲𝗯𝗶𝗿𝗿 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀 𝗘𝗧𝗕 𝟭.𝟬𝟯 𝗧𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀, 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗘𝗧𝗕 𝟭.𝟲𝟳 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗥𝗲𝘃𝗲𝗻𝘂𝗲
ethio telecom has reported significant growth in the first half of the Ethiopian fiscal year 2024/25, with ETB 61.9 billion in revenue, a 43% top-line growth, and rising subscriptions. Telebirr continues to drive financial inclusion, processing trillions in transactions. Ethiopian Investment Holdings (EIH) commends the telecom giant’s performance while advising on future strategies.
@PatternFin
ethio telecom has reported significant growth in the first half of the Ethiopian fiscal year 2024/25, with ETB 61.9 billion in revenue, a 43% top-line growth, and rising subscriptions. Telebirr continues to drive financial inclusion, processing trillions in transactions. Ethiopian Investment Holdings (EIH) commends the telecom giant’s performance while advising on future strategies.
@PatternFin
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Banking Business Proclamation.pdf
11.8 MB
The NBE new banking business proclamation No; 1360/2025;
👉 Opens the banking sector for foreign investors (foreign banks & foreign nationals).
👉 Increases the maximum shareholding in a bank from 5% to 7% for natural persons and 10% for juridical persons (institutional shareholders).
@PatternFin
👉 Opens the banking sector for foreign investors (foreign banks & foreign nationals).
👉 Increases the maximum shareholding in a bank from 5% to 7% for natural persons and 10% for juridical persons (institutional shareholders).
@PatternFin
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An insightful article on Consolidation-Ethiopia Banking sector
Consolidate or Collapse!!!
@PatternFin
Consolidate or Collapse!!!
@PatternFin
Pattern Finance and Investment - ፋይናንስ
ኢትዮጵያ የመጀመሪያዎቹን የኢንቨስትመንት ባንኮች እና የሰነድ ሙዓለንዋይ ገበያ አከናዋኝ አገኘች
ኢትዮጵያ የመጀመሪያዎቹን የኢንቨስትመንት ባንኮች እና የሰነድ ሙዓለንዋይ ገበያ አከናዋኝ አገኘች
የኢትዮጵያ ካፒታል ገበያ ባለሥልጣን ለአምስት አዳዲስ ድርጅቶች የካፒታል ገበያ አገልግሎት ሰጪ ፈቃድ መስጠቱን አስታውቋል።
ይህ ውሳኔ በኢትዮጵያ ለመጀመሪያ ጊዜ የኢንቨስትመንት ባንኮችና የሰነድ ሙዓለንዋይ ገበያ አከናዋኝ ፈቃድ የተሰጠበት እንዲሁም አጠቃላይ ፈቃድ የተሰጣቸው የካፒታል ገበያ አገልግሎት ሰጪዎች ቁጥር ከአራት ወደ ዘጠኝ ከፍ ያደረገበት ነው።
ፈቃድ የተሰጣቸው ድርጅቶች
✅ሲቢኢ ካፒታል አ.ማ - ኢንቨስትመንት ባንክ ፣
✅ወጋገን ካፒታል ኢንቨስትመንት ባንክ አ.ማ - ኢንቨስትመንት ባንክ ፣
✅ኢትዮ-ፊደሊቲ ሴኩሪቲስ አ.ማ - የሰነድ ሙዓለንዋይ ገበያ አከናዋኝ (Securities Dealer) ፣
✅ኤች ኤስ ቲ ኢንቨስትመንት አድቫይዘሪ ሰርቪስስ ኃ.የተ.የግ. ማ - የሰነድ ሙዓለንዋይ ኢንቨስትመንት አማካሪ ፣
✅ኢኩዥን የሰነድ ሙዓለንዋይ ኢንቨስትመንት አማካሪ ኃ.የተ.የግ. ማ - የሰነድ ሙዓለንዋይ ኢንቨስትመንት አማካሪ መሆናቸው ተጠቁሟል ።
ይህ ታሪካዊ ክስተት የኢትዮጵያን የፋይናንስ ገበያ ለማሳደግና ለኢንቨስትመንት እድሎች መስፋፋት ትልቅ አስተዋጽኦ እንደሚኖረው ተገልጿል።
የኢትዮጵያ ካፒታል ገበያ ባለሥልጣን ለአምስት አዳዲስ ድርጅቶች የካፒታል ገበያ አገልግሎት ሰጪ ፈቃድ መስጠቱን አስታውቋል።
ይህ ውሳኔ በኢትዮጵያ ለመጀመሪያ ጊዜ የኢንቨስትመንት ባንኮችና የሰነድ ሙዓለንዋይ ገበያ አከናዋኝ ፈቃድ የተሰጠበት እንዲሁም አጠቃላይ ፈቃድ የተሰጣቸው የካፒታል ገበያ አገልግሎት ሰጪዎች ቁጥር ከአራት ወደ ዘጠኝ ከፍ ያደረገበት ነው።
ፈቃድ የተሰጣቸው ድርጅቶች
✅ሲቢኢ ካፒታል አ.ማ - ኢንቨስትመንት ባንክ ፣
✅ወጋገን ካፒታል ኢንቨስትመንት ባንክ አ.ማ - ኢንቨስትመንት ባንክ ፣
✅ኢትዮ-ፊደሊቲ ሴኩሪቲስ አ.ማ - የሰነድ ሙዓለንዋይ ገበያ አከናዋኝ (Securities Dealer) ፣
✅ኤች ኤስ ቲ ኢንቨስትመንት አድቫይዘሪ ሰርቪስስ ኃ.የተ.የግ. ማ - የሰነድ ሙዓለንዋይ ኢንቨስትመንት አማካሪ ፣
✅ኢኩዥን የሰነድ ሙዓለንዋይ ኢንቨስትመንት አማካሪ ኃ.የተ.የግ. ማ - የሰነድ ሙዓለንዋይ ኢንቨስትመንት አማካሪ መሆናቸው ተጠቁሟል ።
ይህ ታሪካዊ ክስተት የኢትዮጵያን የፋይናንስ ገበያ ለማሳደግና ለኢንቨስትመንት እድሎች መስፋፋት ትልቅ አስተዋጽኦ እንደሚኖረው ተገልጿል።
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Forwarded from Loline
The Jasiri Talent Investor is back and looking for motivated, aspiring entrepreneurs from Ethiopia. Do you believe you have what it takes to start your own venture from scratch?
Read our article to find out what's waiting for you.
Read here 👉 https://www.lolinemag.com/articles/jasiri-talent-investor-opens-applications-for-8th-cohort-a-fully-funded-journey-to-build-high-impact-ventures
Follow us on Instagram | Tiktok | YouTube
@loline_mag
Read our article to find out what's waiting for you.
Read here 👉 https://www.lolinemag.com/articles/jasiri-talent-investor-opens-applications-for-8th-cohort-a-fully-funded-journey-to-build-high-impact-ventures
Follow us on Instagram | Tiktok | YouTube
@loline_mag
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