Dashen Bank has successfully conducted the third season of its Dashen Kefita Entrepreneurship Pre-Competition Training in Wolaita Sodo. This initiative is part of the Bank’s ongoing commitment to nurturing entrepreneurial skills across Ethiopia.

In his opening remarks, Ato Tadiyos Tesfaye, Director of Dashen Bank’s Wolaita Sodo District, emphasized that the Bank is dedicated not only to offering advanced technology-driven services but also to fulfilling its corporate social responsibility. He encouraged participants to take full advantage of the opportunities provided by the Dashen Kefita Entrepreneurship contest and training.

Ato Jegena Ayiza, the Mayor of Wolaita Sodo, praised Dashen Bank’s efforts to address gaps in job creation. He expressed the local government’s readiness to collaborate with the Bank in raising awareness about entrepreneurship and enhancing job creation skills.

Ato Mebratu Paulos, Head of the Wolaita Sodo Job Creation and Enterprise Development Bureau, also expressed gratitude to the Bank for its sustained contributions to job creation and called on other institutions to follow suit.

Participants in the training lauded the content delivered and engaged in discussions with trainers from Weventure, Dashen Bank’s partner in the Dashen Kefita Entrepreneurship Contest.

The third season of Dashen Kefita Pre-Competition Training has also been conducted in Hawassa, Mekelle, Adama, Dire Dawa, and Jimma, with upcoming sessions p

Dashen Kefita season three  entrepreneurship pre-competition training was conducted today in Dire Dawa.

In his the opening speech, Ato Robel Getachew, head of Dire Dawa City Administration’s Job and Skills Office, indicated that the City Administration is ready to work with the Bank as the work started by Dashen Bank supports the government’s efforts to reduce unemployment.

Ato Elias Hussain, Chief Strategy Officer of Dashen Bank, said that Dashen Bank, apart from providing modern and technology-based customer-oriented services, has carried out many activities to fulfill its social responsibility since its establishment.

Dashen Bank’s first and second phase of the Dashen kefita entrepreneurship competition have already benefited thousands of youth across the country, Ato Elias added.

This training is a testament to Dashen Bank’s dedication to empowering entrepreneurs and is contributing to the economic development of the country.

The third season of Dashen kefita  pre-competition training was previously given before in Hawassa, Mekelle, Adama, Jimma and it will be held in Dessie, Bahir Dar, Woliayta Sodo and Addis Ababa.

Addis Ababa – 16 Aug. 2024 – Dashen Bank, in partnership with EagleLion System Technology, has unveiled a new IFB Financing service called “Dube Ale-Interest Free Banking” (DubeAle-IFB). This Buy-Now Pay Later scheme allows users to purchase goods and services on credit while adhering to Shariah principles.

DubeAle-IFB offers short-term financing in collaboration with merchants and traders, enabling customers to make purchases and pay later over a period of three, six, or twelve months without interest and profit mark-up as applicable.

According to Ato Tibebu Solomon, delegate of the CEO Chief Operations Officer, customers can access the service by downloading the “Dube Ale-IFB” application from the Play Store, registering, and visiting a nearby Dashen Bank branch for account verification. Once verified, they can make credit purchases from participating physical and online stores. A system has been developed to assist customers in providing their information, with professional guidance, to determine their financing limit based on income.

To utilize the service, employed customers must submit a letter from their employer, whether in the private or government sector, detailing their income and proof of employment. Repayment can be made via Amole, Dashen Bank’s mobile banking platform, or through automatic deductions from their bank account. Customers with fixed assets can provide a third-party guarantee, or secure the financing with a bank deposit.

The maximum spending limit for DubeAle-IFB is set at Birr 700,000 with payments made exclusively through the application. This service is expected to stimulate economic activity by allowing consumers to purchase products and services without the need for immediate cash.

Dashen Bank has a history of innovation, having introduced the widely used Amole payment platform. The Bank also launched DubeAle conventional banking in 2023.

Jimma, Ethiopia – Dashen Bank has successfully conducted the third season of its pre-competition entrepreneurship training today in Jimma city. This event marks another milestone in the bank’s ongoing efforts to foster entrepreneurial skills across the country.

In his opening speech, Ato Wondimagegnhu Tariku, Deputy Head of the Jimma Zone Employment and Skills Bureau, emphasized the importance of entrepreneurship in the region. He expressed his gratitude to Dashen Bank for stepping up to support this vital initiative, which aligns with the government’s priority tasks.

Representing Dashen Bank’s Jimma District Office, Ato Shimelis Besha highlighted that this is the first time the third phase of the bank’s pre-competition training is being held at the District Office. He urged participants to seize this valuable opportunity to enhance their entrepreneurial skills.

Ato Tilahun Tenkolu, Director of Dashen Bank’s Dire Dawa District Office, noted the bank’s commitment to corporate social responsibility (CSR) alongside its provision of modern, technology-driven customer services. He stated that Dashen Kefita is among the various initiatives that the bank has launched to support the community.

The first and second phases of the Dashen Kefita Entrepreneurship Competition have already benefitted thousands across different regions of the country. The pre-competition training sessions focus on key areas such as entrepreneurial concept formulation, creative theory preparation, and other related topics, equipping participants with the knowledge and skills needed to succeed in the competitive business environment.

This training is a testament to Dashen Bank’s dedication to empowering entrepreneurs and contributing to the economic development of Ethiopia.

Dashen Bank has inaugurated two new cards, the Travelers club card and the Shoppers’ club card, at its headquarters today with the presence of various stakeholders.

The Travelers Club card is aimed at providing club member customers with financing services that will make their journey seamless.

The Shoppers club card is prepared for frequent shoppers that creates better shopping experience through transaction discounts and financing their purchases of household items.

Both club cards are operated through a club membership debit card and can be opened and operated individually or jointly.

The club accounts that are needed to hold these cards are opened with a minimum initial deposit balance based on the customers’ desired status of membership.

Travelers club members have to deposit ETB 500,000, 1,000,000, 1,500,000, 2,000,000, and 2,500,000 to secure Basic, Blue, Silver, Gold and Platinum Travelers’ Card Club membership respectively.

Shoppers club members have to deposit ETB 50,000, 100,000, 200,000, 300,000 and 400,000 to get Basic, Blue, Silver, Gold and Platinum Shoppers’ Club Card membership respectively.

For members of travelers Club Card, five percent discount on local transactions and purchases from the bank’s partner travel agents, hotels, resorts, and other shopping, recreational and vacation centers. For frequent shopper club members, the bank offers 6% on Basic, 7% on Blue, 8% on Silver, 9% for Gold amd 10% of platinum club account transactions conducted on the bank’s partner and purchases from the bank’s partner travel agents, hotels, resorts, and other shopping, recreational and vacation centers.

The Travelers’ Club Card and Shoppers’ Club Card also create privileged and expedited access to Fly Now Pay Later and DubeAle loans and priority to access the bank’s other customer loan products.

To be eligible for opening both accounts one needs to have valid and renewed ID card, two recent photographs, and optionally tax registration certificate.