Team Shega

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.

PM Abiy Bets on Mesob: Ethiopia’s Latest Push for a Paperless Public Sector

Prime Minister Abiy Ahmed (PhD) inaugurated the Mesob center yesterday which integrates 41 public services in a paperless, fully digital process set to include all ministries in due course.

From Birr to Bytes: Ethiopia's Central Bank Aligns with Global Financial Messaging Standards

Ethiopia's central bank has upgraded its EATS into global messaging standards with clearer, consistent ways to describe financial transactions and messages, regardless of the software or format used.

Animation to AI: Ethiopia’s Habesha Creative Lab Launches with Diverse First Cohort of Fourteen Ventures

Fourteen creative ventures have been selected for the first cohort of the Habesha Creative Lab from a pool of over 100 applicants.