Munir Shemsu

Regulatory Hurdles Propel Ethiopian Fintech Startup to Neighboring Markets

The digital credit scene does not have a regulation governing the landscape, and current fintech players like Kifiya and even the likes of telebirr have to partner with banks to provide the service.

Two-Year-Old Fintech Startup SantimPay Posts 86 Million Birr Profit

With an Earnings Per Share (EPS) of 337.87 birr, SantimPay delivered notable returns to its shareholders.

Ethiopia's Sovereign Wealth Fund Absorbs Eight Public Enterprises into Portfolio

At least five SOEs under EIH are also poised for listing in Ethiopia's maiden stock exchange.

Audit Review Uncovers Crosscutting Inefficiencies in Ethiopia's Passport Services

Delays in passport issuance, unauthorized penalties and even poor sanitation at bathrooms were highlighted in a post audit parliamentary review of Ethiopia's Immigration & Citizenship Services.

African Legislators Call for Intergovernmental Cooperation in Regulating AI

With nearly 800 million Africans remaining offline across the continent a calibrated balance between advancing technology reach and regulatory frameworks was advocated by several participants.

Ethiopia Looks to U.S. Regulators for Insights Ahead of Stock Exchange Launch

There were 653 unicorn startups with a combined value of 630 billion dollars that participated in the US capital markets in 2023.