Team Shega

Ethiopia Doubles Down on AI With 42% Budget Boost to Government Institute

Ethiopia’s latest federal budget allocates 1.13 billion Birr to the Ethiopian Artificial Intelligence Institute a 42% increase from the last fiscal year, signaling increased focus for the technology.

Ethiopia Partners with Nigerian Billionaire Dangote on Fertilizer Plant, Prime Minister Says

Ethiopia to build a fertilizer plant in partnership with Nigerian billionaire Aliko Dangote, PM Abiy announces. The project is set to be completed in a little over three years.

Ethiopia's Central Bank Ends Mandatory T-Bond Purchases

After 3 years, mandatory T-bond buys by commercial banks end. NBE's monetary policy committee says improved revenue & loans will finance the deficit. Credit cap at 18% remains for now.

Data Deserts in Ethiopia’s Classrooms

Ethiopia's education system is "making decisions in the dark." Despite data being currency in the digital age, Ethiopia' EdTech ecosystem is losing out to fragmented, outdated, or nonexistent data.

Ethiopia’s Development Faces Structural Barriers Despite Economic Growth, AfDB Report Finds

The AfDB’s latest Country Focus Report highlights the stark contrast between Ethiopia’s economic potential and its persistent development gaps. Economic growth amid poverty, debt and unemployment.

MultiChoice Cuts Costs by ZAR 3.7 billion to Weather Subscriber Losses, Currency Turmoil

Subscriber loss and forex losses hit pay-TV giant Multichoice hard. But a near-doubling of cost savings and up to 31% local price hikes across Africa allowed the company to cushion blow.