Visa and Santimpay to Roll Out 20,000 PoS Machines Across Ethiopia

Visa is betting big on Ethiopia’s cash-heavy economy. Partnering with Santimpay, they’ll deploy 20,000 PoS machines this year.

Ethiopia Loosens Its Grip on Lending, but Warily

More credit, but not too much. Ethiopia’s MPC raises the lending cap by six percentage points while holding the policy rate at 15%.

EuroCham Backs EUDR Delay, Citing Ethiopia’s Smallholder Coffee Compliance Risks

EuroCham urges EU to delay deforestation rules, citing Ethiopia’s smallholder coffee challenges.

Little, Bank of Abyssinia, and Visa Introduce Tap to Go Payments for Ride Hailing

Little, in partnership with Bank of Abyssinia and Visa, has launched “Tap to Go,” a contactless payment service in Ethiopia.

Tony Blair Institute Proposes $100 Billion Debt-Swap Facility to Break Africa’s Debt Spiral

African countries face debt-to-GDP ratios lower than the G7 yet pay 4-5x higher interest. TBI proposes a $100B Debt Swap Facility linking lower-cost refinancing to measurable governance improvement.

Canal+ Takes Control of MultiChoice After Multi-Billion Dollar Offer Clears Final Hurdle

Canal+ takes control of MultiChoice after its ZAR125/share offer clears all hurdles, creating a pay-TV giant with 40m+ subscribers across 70 countries.

SEED Program Graduates 28 Startups from Shaggar City, Set to Award $50K in Grants

The SEED program, a five-year initiative funded by the Mastercard Foundation, has graduated 28 startups from Shaggar City. The latest cohort was conducted across Shaggar, Bahir Dar, and Hawassa.

Ethiopian Health Facilities Adopt Pharmaceuticals Demand Forecasting Platform

Forlab+ combines consumption data with service data such as patient visits, treatments, and lab tests and analyzes historical patterns to forecast future demand.