News

$50 Million AU Initiative Seeks to Strengthen Evidence-Based Policymaking Across Africa

The African Union Commission, with $50M in support from the World Bank, has launched the Africa Think Tank Platform. Grants of up to $10M will support cross-border consortia in key policy area.

This Ethiopian B2B Marketplace Offers Cures for Fragmented Pharma Supply Chain

A new platform takes aim at Ethiopia’s fragmented pharmaceutical supply chain. Tenadam, connects pharmacies, wholesalers, and importers, digitizing procurement, inventory, and communication.

Ethiopia’s Biggest Private Bank Partners with M-Pesa for Digital Credit, Saving Services

Awash Bank and M-Pesa have entered a strategic partnership to provide a host of digital microcredit and savings services. Errif be MPESA, a digital overdraft service was first in line.

As Tax Enforcement Tightens in Ethiopia, New Integrated System Offers Built-In Compliance

ETTA Solutions has developed Zoorya, a unified ERP, POS, and tax-compliant device certified by the Revenues Ministry.It aims to simplify business operations amid rising digital tax enforcement.

Nib Bank Bets on In-House Super App to Lead Five-Year Strategic Rebound

Nib International Bank has launched its 95% in-house developed super app, Nibtera, consolidating mobile banking, internet banking, and merchant services.

Ethiopia Opens Treasury Bill Market to Public as Nascent Exchange Begins Executing Trades

Ethiopia’s stock exchange officially commenced trading, marking a new phase in the country’s economic reform agenda. The debut featured live trades in shares of Wegagen, Gadaa Bank, and T-bills.

Five Ethiopian Insurers Unite under Pula to Protect 10 million Farmers

A new consortium (AICE) is launching to provide insurance for 10M Ethiopian small holder farmers with affordable tech-driven coverage. Kenya based insure-tech Pula is leading the charge.

Ethiopia Partners with Nigerian Billionaire Dangote on Fertilizer Plant, Prime Minister Says

Ethiopia to build a fertilizer plant in partnership with Nigerian billionaire Aliko Dangote, PM Abiy announces. The project is set to be completed in a little over three years.