Munir Shemsu

1 week ago | shega.co | Munir Shemsu

In the morning after a highly anticipated Champions League quarter-final bout two weeks back, some Ethiopian soccer fans were feeling angry at more than the match results. Many who had hoped to catch the game live from the comfort of their homes were fuming with rage as their DSTV subscriptions did not broadcast the game. Over the next few days, several videos surfaced on social media depicting individuals throwing their Multichoice decoders into the trash.

2 weeks ago | shega.co | Munir Shemsu

Six months after issuing 100 million ordinary shares in Ethiopia’s first-ever Initial Public Offering (IPO), Ethio telecom has announced that it sold just 10.7 million of them. The share sale, originally scheduled to run from October to January, was extended by five weeks, closing in February. At a ceremony held Friday afternoon at the Skylight Hotel, CEO Frehiwot Tamiru revealed that 47,377 investors participated over 121 offer days, purchasing shares valued at 3.2 billion birr.

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.

1 month ago | shega.co | Munir Shemsu

Imagine a newly paved road in your neighborhood, replacing a dirt road with smooth asphalt. At first glance, it might just seem like another project, but behind it lies a massive investment of public funds. A month after its completion, you’re still getting used to the ease of travel when, one morning, you wake up to the sound of construction workers digging some parts of the road.

1 month 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.