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3 weeks ago | 
shega.co | Daniel Metaferiya |Etenat Awol |Gemechis Asfaw Mekonnen
Shega is an information and technology company that offers in-depth insights into Ethiopia’s economy by delivering an integrated media, data, and intelligence solution designed to drive informed decision-making and promote innovation. Copyright 2025 @ Shega Media & Technology PLC | All rights reserved
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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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2 months 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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Mar 28, 2025 | 
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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Mar 27, 2025 | 
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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Mar 25, 2025 | 
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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Mar 24, 2025 | 
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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Mar 22, 2025 | 
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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Mar 22, 2025 | 
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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Mar 21, 2025 | 
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.
