News

Ethiopia’s Startups to Receive $750,000 in Grants at Landmark GRV Summit

The fund, raised through contributions from Ethiopian diaspora communities worldwide, will be distributed to over a dozen startups.

Arifpay Introduces Suite of Solutions

The lineup includes three key tools: Arif QR, the Arif Merchant App, and the Arif Terminal Management System (TMS).

Ethiopia’s Manufacturing Sector Finds Solutions in Locally Assembled CNC Machines

Enterprises engaged in metal and woodwork businesses need CNC machines to place designs on their products.

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.

Somaliland Startup Brings Digital Bookkeeping Platform to Ethiopia

The mobile app is specifically designed to simplify financial management for small businesses, allowing users to digitally record credits and debits for accurate financial tracking.

Headless Chicken or Emergent Nation: Ethiopia’s AI Prospects

In July 2024, Ethiopia’s Council of Ministers approved the country's first national AI policy

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.