News

MinT Launches Tech Addis Expo to Attract Global AI, BPO, and Cloud Investments

The Ministry of Innovation and Technology launches Future Tech Addis, an ambitious 3-year initiative aiming to attract 1,000 global tech companies and boost Ethiopia’s innovation landscape.

Ethiopia’s Green Transport Crusade Spawns Market for Fuel-Saving Technology Company

Stricter vehicle emission rules are coming to Ethiopia. A new fuel enhancer promises to reduce emissions by 80% and improve fuel efficiency by 30%, arming drivers with tools for new laws.

Ethiopia Freezes New Power Permits for Crypto Miners Amid Capacity Saturation

Ethiopia won’t greenlight new crypto-mining power deal. EEP says it needs to ensure local access before expanding 'data mining' operations. The country’s Bitcoin mining boom may be slowing.

NBE Announces Crackdown on Illicit Currency Flows After Major FX Auction

Governor Mamo Mihertu announced enhanced crackdown on illicit foreign currency flows a day after major FX auction by the National Bank of Ethiopia.

NBE Kicks Off Fiscal Year with Biggest FX Splash

Ethiopia’s central bank is doubling down on its FX auctions, literally. The NBE will offer $150m at tomorrow’s sale, more than twice previous amounts.

Prosecutors Drop All Charges Against Websprix CEO Dawit Birhanu

After 7 months in detention, WebSprix CEO Dawit Birhanu has been released. Prosecutors dropped all charges, which stemmed from a disputed audit alleging unpaid taxes.

$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.