Funding

Ethiopia’s 7-Month-Old Rising Star, Better Auth, Joins Y Combinator, Secures $500,000

Better Auth is developed by Bereket Engida and Kinfemichael Tariku, a duo in their early 20s who swapped college classrooms for coding.

FSD Ethiopia Backs Five Local Financial Inclusion Projects with $1.24M in Grants

The investment brings together a diverse range of organizations, from startups to state-owned enterprises, while addressing various challenges and opportunities

Economist Turned Engineer Secures 18.6 million Br for Tigray-Based Manufacturing Enterprise

Mearg Gebremedin, founder of MG and an economist by training, set out on an entrepreneurial journey in a bid to help his wife’s bakery.

Great Rift Valley Summit Crowns Lifeline Addis with $150,000 Prize

The Great Rift Valley Innovation Summit is an initiative by the Ethiopian Diaspora Trust Fund.

Ethiopian Freelance Platform Skills.et Raises Seed Investment from Venture Addis

Skills.et functions as an intermediary, facilitating connections between businesses seeking skilled professionals and a diverse pool of Ethiopian freelancers.

Ethiopia’s Startups to Receive $750,000 in Grants at Landmark GRV Summit

The fund, raised through contributions from Ethiopian diaspora communities worldwide, will be distributed to over a dozen startups.

Innovative Finance Lab Selects 20 Ethiopian Enterprises to Receive $100K Grant from GIZ

Kamrach, Ankobot Books & Publishing, Lolite, Lemlem, and Wolfaby are among the enterprises selected to receive the funding.

EDI Launches Women Founders Program

A 2024 report by Disrupt Africa highlights a concerning trend in the gender divide among Africa’s startup founders.