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BelCash Technology Solutions PLC (BelCash Ethiopia) (BCTS) is an affiliate company of BelCash International, incorporated in Netherlands, which provides Turnkey technology platforms based on the mobile phone. And other Telecom Value Added and related technological services Accordingly, it has partnered with specialized companies to provide essential services under the unique Hello Brand.

BCTS has successfully implemented its HelloCash mobile banking platform and 8 000 agents network with 6 local banks and 2 microfinance institutions, making it the largest financial network in the country.This achievement has gained recognition from the UN initiative for financial inclusion, which was substantiated by the visit of UN ambassador for financial inclusion, her Royal Majesty Queen Maxima of the Netherlands in May 2019.

With 17 strong through partnerships, across multiple sectors and an ownership structure in full compliance with the Ethiopian regulations, BelCash Payments-As-A-Platform model spurred numerous “HelloServices”. These services include airtime eTop-up, Pay-As-You-Go solar, Healthcare, eCommerce, Jobs, Entertainment, and many more, providing the Ethiopian population access to essential services through the HelloCash platform and agents network.

BelCash Technology Solutions Ltd. (BCTS) was established in Ethiopia in 2011, as a registered Value-Added Service (VAS) . It'main activity is to provides its digital technology platforms to businesses as a service (PaaS).

Fawry, however, is the first-ever African fintech startup to go public through an IPO (Initial Public Offering) on African soil. Fawry went public, last year August, on The Egyptian Exchange (EGX) in the first Egyptian IPO of the year, offering 36 percent (254.6 million) of its shares on The Egyptian Exchange to raise EGP 1.64 billion ($100 million). The offering also comprised of a secondary sale by Netherland Holding BV. The company’s shares that were listed at the price of EGP 6.46 soared 31 percent to close at EGP 8.48 on the first day of trading, which gave the company a market cap close to EGP 6 billion or $366 million. Since then, its stock price has increased by over 300 percent.

Hellomarket will be the platform used for local transactions, enabling buyers to order, deliver and pay for goods through electronic banking services. Belcash has signed an agreement with DHL Express, a Germany company, for logistics services.

For buyers abroad, Belcash introduced Helloshop, a platform that allows domestic products to be ordered through the firm’s portal and the payment to be processed through Mastercard Payment Gateway Services.

“This will make foreign currency flow through the proper channels to local banks,” said Zewdu Assefa, deputy CEO of Belcash Ethiopia. “The seller receives the Birr equivalent of the amount earned in foreign currency.”

BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018, the firm’s chief executive Vince Diop said, adding that BelCash would receive a fee for each transaction made.

BelCash’s helloCash service could have 2-3 million users this year and 10 million by 2017 or 2018, the firm’s chief executive Vince Diop said, adding that BelCash would receive a fee for each transaction made.

Netherlands-based BelCash is offering a technology called helloCash, while MOSS ICT, mainly owned by an Ireland-based firm, is rolling out M-Birr in the nation of 96 million people.In both cases, Ethiopian banks and institutions will offer the service to customers and hold the cash deposited, in line with government policy that bars foreign firms or banks from investing in the financial sector or the telecoms industry.

MTN is in the middle of a 25 billion rand ($1.67 billion)divestment plan aimed at simplifying its portfolio over the next three to five years. Part of this entailed selling its 49% holdings in Ghana Tower Interco B.V. and Uganda Tower Interco B.V. to AT Sher Netherlands Coöperatief U.A. for $523 million last year.

Adds quotes, backgroundSponsored LinksSponsored LinksPromoted LinksPromoted LinksBabbelThis App Can Get You Speaking Spanish in 2021BabbelUndo WASHINGTON, Feb 12 (Reuters) - U.S. Secretary of State Antony Blinken announced on Friday that he will revoke - effective Feb

Cassava (Manihot esculenta, Crantz) is extensively cultivated throughout the tropics and subtropics regions due to its ability to grow in diverse soil conditions and minimal management (Wanapat, 2003; Wanapat et al. 2006; Wanapat & Khampa, 2007). The root is composed almost entirely of carbohydrate which can be used as important food source. However, it contains cyanogens (1- 3% CP) depending on cultivars (Stupak et al., 2006) and large amount of cyanogenic glucosides in the cassava flour (Cumbana et al., 2007) which could limit cassava root utilization for consumption and for livestock feeding. The laminarin and lotaustralin cassava's cyanogenic compounds are changed to hydrocyanic acid (HCN) by the action of the laminarase enzyme when roots are crushed or sliced (Wanapat et al., 1999; Cardoso et al., 2005).