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1 month ago | 
shega.co | Etenat Awol |Daniel Metaferiya
May 2025Explore our news archives, where you can access a vast collection of historical news articles. SantimPay Joins Ethiopia’s Digital Remittance Market with FrankRemit SantimPay and Bank of Abyssinia have partnered to launch FrankRemit, a new digital remittance service offering instant, zero-fee international transfers to Ethiopia.
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1 month ago | 
shega.co | Etenat Awol |Daniel Metaferiya |Munir Shemsu
Amid mounting calls for increased doctors’ salaries, a new telemedicine platform launched last week, allowing physicians to keep 80% of fees earned from video consultations. Tenadoc kicked off its operations featuring 50 medical doctors who sub-specialize in over 12 areas of expertise. The platform blends video medical consultations, digital prescriptions, medical record and hospital appointment services through a mobile application.
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2 months ago | 
shega.co | Daniel Metaferiya |Munir Shemsu
Ethiopian Investment Holdings (EIH) was ranked as the 34th biggest sovereign wealth fund in the world, with nearly 45 billion dollars of assets. The Sovereign Wealth Fund Institute’s (SWFI) latest ranking places EIH as the biggest sovereign wealth fund in Africa, beating out the Libyan Investment Authority for the top spot on the continent.
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2 months ago | 
shega.co | Daniel Metaferiya |Etenat Awol
Ethiopia’s national carrier became the second airline in the world to enter into an agreement for deployment of an air taxi network through a landmark deal with Archer Aviation. Archer's Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back trips with minimal charge time between flights.
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2 months ago | 
shega.co | Munir Shemsu |Daniel Metaferiya |Etenat Awol
One of United Kingdom’s biggest car rental companies has partnered with an Ethiopian company to launch an electric, hybrid, and low-CO2-emission vehicle rental business. Green Motion International which operates in nearly 80 countries worldwide signed a franchise agreement with Excellence Car Rental Services Ethiopia this week, eyeing foreign visitors.
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2 months ago | 
shega.co | Daniel Metaferiya |Etenat Awol
In front of the Pawe Building around Enkulal Fabrica, on Arbegnoch St., a two-year-old natural remedies producer is winning favors with customers. Deshet Herbal, which was founded by a medical doctor and chemical engineer, has ten offerings spanning skin care products, simple therapeutics, and cosmetics. Anti-grey hair products, scalp oils, and respiratory detox teas have cultivated a reliable customer base for the budding company.
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2 months ago | 
shega.co | Etenat Awol |Daniel Metaferiya |Munir Shemsu
Ethiopian Investment Holdings (EIH) has terminated its Memorandum of Understanding (MoU) with Ababa-based electric vehicle (EV) startup Dodai Inc. five months after it was signed. The Ethiopian government's investment arm attributed the termination to a realization that a venture capital fund (VC), currently under formation by EIH, would better manage such investments.
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2 months ago | 
shega.co | Etenat Awol |Daniel Metaferiya |Munir Shemsu
Better Auth, a 7-month-old open-source authentication framework for TypeScript, has been selected for Y Combinator's Spring 2025 Cohort, securing $500,000 in seed funding. By joining Y Combinator, a highly influential global startup accelerator with over 4,000 companies in its portfolio valued at over $600 billion, Better Auth becomes the third Ethiopian company to enter YC, following beU Delivery and Avion.
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2 months ago | 
shega.co | Daniel Metaferiya |Munir Shemsu |Etenat Awol
A fintech, a commercial bank, and an insurance company have joined forces to launch an integrated digital credit and insurance service. Kacha, the first private mobile money service provider, Lucy Insurance, and Global Bank announced the partnership yesterday morning at the Skylight Hotel. The new service, dubbedAgar, which roughly translates to a supporter in Amharic, allows customers to access insurance without the need for any physical paperwork.
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2 months ago | 
shega.co | Etenat Awol |Munir Shemsu |Daniel Metaferiya
Moody’s Rating, one of the three major global credit rating agencies, announced on Friday the completion of its periodic credit rating review of Ethiopia foreshadowing losses to private creditors as a result of the government's ongoing debt restructuring under the G-20 Common Framework (CF). The global credit rating agency cites the potential for a lengthy debt restructuring process as a source of greater losses to private creditors than currently reflected in its rating for Ethiopia.
