News

Germany’s Terahash to Raise $5M for 10MW Bitcoin Mining Facility in Ethiopia

Terahash , a German Bitcoin mining firm spun off from the family-owned Klager Group, is raising $5 million for a 10 MW facility near Addis Ababa set to open over the next three months.

Trip Bonuses Turned Safety Net: Nib and Yango Rethink Insurance for Ride-Hailing

An agreement between Nib Bank, Nib Insurance, and ride-hailing company Yango allows drivers to access insurance services with premiums settled through weekly trip bonuses.

12 Ethiopian Startups Crack Timbuktoo’s Top 40 as $1B Innovation Drive Unlocks ManuTech Cohort

A dozen Ethiopian startups cracked the top 40 in the first manufacturing technologies (Manutech) cohort of the $1 billion timbuktoo initiative from 640 applications across Africa.

Tech Non-Profit A2SV Leaving Addis for Kigali Amid Fallout with Abrehot Library

Africa to Silicon Valley (A2SV), a well-known tech nonprofit that upskills promising students and links them to international tech jobs plans to close its Addis offices and move to Kigali, Rwanda.

Will Ethiopia Miss the AI Wave? GSMA Report Warns of Talent and Tech Gaps

A new GSMA report, launched at the UK-Ethiopia AI Forum, identifies both strong potential and major obstacles such as limited infrastructure, regulatory gaps, and a shortage of skilled talent.

Ethiopian Gynecologist's New Tele-Med Platform Might Treat Both Patients, Underpaid Doctors

Amid mounting calls for increased doctors’ salaries, a new telemedicine platform launched last week, allowing physicians to keep 80% of fees earned from video consultations.

Ethiopia Eyes 50 Listings in Maiden Exchange Across Five Years

A five-year collaboration between FSD Africa, FSD Ethiopia, and the Ethiopian Securities Exchange outlines plans for 50 listings in the country's nascent capital market.

Addis Ababa Embraces Smart Parking with U.S. Firm USP Holdings

A Public-Private Partnership between the Addis Ababa City Administration and USP Holdings is set to digitize parking across the capital. Stadium, Kasanchis, and Arat Killo among first sites.