News

This Ethiopian App Integrates Traditional Healers into Digital Health Platform

A new telehealth app in Ethiopia is bringing doctors, therapists and licensed traditional healers into the digital health ecosystem. Tena'Adam looks to bridge gaps in the country health sector.

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.

Debt Repayments Outpace Capital Spending in Ethiopia’s 1.93 Trillion Birr Budget

Ethiopia's draft budget for the upcoming fiscal year reaches a historic 1.93 trillion Birr, a 34.4% increase. But the burden of debt looms large, with 463 billion Birr earmarked for debt servicing.

Ethiopia Extends ICE Ban, Halts Import of Knocked-Down Vehicle Kits

Ethiopia has banned SKD/CKD imports systematically dismantling local gas vehicle assembly. A calculated extension of last year's personal ICE ban to accelerate EV transition.

Store 251 Rolls Out App as Ethiopia’s E-commerce Scene Faces Shake-Up from Informal Vendors, Telecom Giant

Store 251, a five-year old Ethiopian e-commerce brand known for promoting locally made products, has launched a new mobile app as it scales up in an increasingly competitive sector.

$4M Later, 3M Deliveries in: Ethiopia’s beU Delivery Rides to First Taste of Profit

After nearly 4 years and $4M invested, beU Delivery has reached its first profitable month in May, a major feat in the high-burn, low-margin food delivery space.

After Years of Delay, Ethiopia’s Startup Proclamation Receives Cabinet Nod

After six years in the making, Ethiopia’s Council of Ministers has approved the country’s first Startup Proclamation, a long-awaited milestone for the nation’s embryonic innovation ecosystem.

Wegagen Capital Goes into Business as Ethiopia’s First Investment Bank

Wegagen Capital Investment Bank S.C. announced the launch of operations last night at the Hilton Addis two months after securing its investment banking license.