Team Shega

Animation to AI: Ethiopia’s Habesha Creative Lab Launches with Diverse First Cohort of Fourteen Ventures

Fourteen creative ventures have been selected for the first cohort of the Habesha Creative Lab from a pool of over 100 applicants.

12 Ethiopian Startups Crack Timbuktoo’s Top 40 as $1B Innovation Drive Unlocks ManuTech Cohort

A dozen Ethiopian startups cracked the top 40 in the first manufacturing technologies (Manutech) cohort of the $1 billion timbuktoo initiative from 640 applications across Africa.

Ethiopia Eyes 50 Listings in Maiden Exchange Across Five Years

A five-year collaboration between FSD Africa, FSD Ethiopia, and the Ethiopian Securities Exchange outlines plans for 50 listings in the country's nascent capital market.

Ethiopia’s Banks Report Rising Forex Allocation in Post-Reform Upswing

A wave of announcements by Ethiopia's commercial banks last week outlines a surge in foreign currency allocation to customers as financial sector navigates new rules.

CBE Logs 7.7 trillion Birr in Digital Transactions Over Eight Months

CBE has reported that the value of its digital transactions in the past eight months has soared past 7.7 trillion birr. A figure higher than total banking sector's digital transactions two years ago.

Ethiopia’s Sovereign Wealth Fund Ranked Largest in Africa with $45 Billion Assets

EIH has a portfolio of 40 state-owned enterprises that span everything from aviation to financial services, telecom, and hospitality.