Team Shega

NBE Approves Wegagen’s Non-Collateralized Digital Loans Platform Efoyta Targeting a Million Customers

Wegagen Bank’s Efoyta digital lending platform gets the green light from the National Bank of Ethiopia. Over 2.7 billion Birr disbursed in pilot phase, now going national. Kifiya's Qena powers it.

Education Data in Focus: EdTech Mondays Examines Policy, Equity, and Planning

Mastercard Foundation’s EdTech Mondays’ May show airing tonight at 8:10 pm EAT on Fana FM 98.1 explores how investing in high-quality education data drives smarter policy and more equitable outcome.

Jamii.one Wins $40,000 Grand Prize at UNDP Ethiopia's Innovative Insurance Challenge Fund

Jamii.one wins $40K at the UNDP Insurance Challenge for a solution bridging tradition and technology to deliver microinsurance. Two other Ethiopian insure-tech startups were also runner ups.

Ethiopia Clinches $1.6 Billion in Planned Investments at High-Level Business Forum

Ethiopia concluded a two-day high-level business forum with deals spanning mining, energy, and solar manufacturing. Investors from China, the Middle East, and Europe committed to $1.6 billion.

Currency Shock, Expansion Costs Push Safaricom Ethiopia Into 42 billion Birr Loss

Safaricom Ethiopia reported a staggering 42-billion-birr operating loss nearly four years after launching commercial operations, despite a 270% surge in revenue to 7.2 billion birr.

Ethiopia Set to Legalize Foreign Ownership of Real Estate, Pending Parliamentary Approval

A landmark piece of legislation that could allow foreigners to own real estate in Ethiopia has received unanimous approval from the Council of Ministers.