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2 weeks ago | 
shega.co | Etenat Awol
Addis Ababa trails far behind in digital adoption among Micro and Small Enterprises (MSEs), ranking lowest out of five global cities in a new study by the Center for Financial Inclusion at Accion. The results expose deep-rooted infrastructure gaps, digital illiteracy, and limited financial access that continue to stall the city's small business sector.
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3 weeks ago | 
shega.co | Etenat Awol
Terahash , a German Bitcoin mining firm spun off from the family-owned Klager Group, is preparing to launch operations at its first facility in Ethiopia. The company is raising $5 million to build a 10-megawatt (MW) site near Addis Ababa, set to begin operations within two to three months. The mining facility, being developed with two local partners, marks Terahsh’s entry into Ethiopia’s budding bitcoin mining industry.
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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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1 month 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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1 month 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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1 month 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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1 month 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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1 month 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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1 month 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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1 month ago | 
shega.co | Munir Shemsu |Etenat Awol |capital markets. Munir
Ethiopia's Capital Market Authority has given its first investment bank licenses. CBE Capital S.C. and Wegagen Capital S.C. have been established as independent subsidiaries, spun off from their respective commercial banks. At a ceremony held at the Sheraton Addis Hotel, three other capital market service licenses were also announced. Ethio Fidelties Securities S.C. became Ethiopia’s first securities dealer in the nascent capital market.
