Team Shega

Ethiopia’s Central Bank Deploys AI to Crack Down on Suspicious Transactions

Ethiopia’s central bank is turning to AI to spot suspicious transactions as part of a broader push to curb illicit financial flows.

Ethiopia Maintains Ban on Chinese Sino Trucks as Forged Import Documents Rise

Known as “Red Terror” on Ethiopian roads, the popular Sino Truck is now barred from entry until safety issues are fixed. Authorities are cracking down on forged paperwork facilitating its entry.

Ethiopian Agri-Startup Guaro Farms Advances as Finalist in GoGettaz 2025 Competition

Ethiopian agribusiness Guaro Farms is a Top 13 finalist in the 2025 GoGettaz Agripreneur Prize, recognized for its innovative spice-processing nano-factories aiming to transform farmers’ livelihoods.

Ethiopia’s Sovereign Fund Makes First International Bet on Boutique Scandinavian Gold Miner

Ethiopian Investment Holdings has taken its first step into international markets, acquiring a 7.4% stake in Scandinavian-based Akobo Minerals for $3m.

MinT Launches Tech Addis Expo to Attract Global AI, BPO, and Cloud Investments

The Ministry of Innovation and Technology launches Future Tech Addis, an ambitious 3-year initiative aiming to attract 1,000 global tech companies and boost Ethiopia’s innovation landscape.

NBE Announces Crackdown on Illicit Currency Flows After Major FX Auction

Governor Mamo Mihertu announced enhanced crackdown on illicit foreign currency flows a day after major FX auction by the National Bank of Ethiopia.