News

Ethiopia’s Banks Report Rising Forex Allocation in Post-Reform Upswing

A wave of announcements by Ethiopia's commercial banks last week outlines a surge in foreign currency allocation to customers as financial sector navigates new rules.

CBE Logs 7.7 trillion Birr in Digital Transactions Over Eight Months

CBE has reported that the value of its digital transactions in the past eight months has soared past 7.7 trillion birr. A figure higher than total banking sector's digital transactions two years ago.

This Ethiopian Dating App Allows Users to Livestream Content Amid Romantic Pursuits

Habtok, a new Ethiopian dating platform, blends social media and dating services, allowing users to live stream content, make calls, and receive gifts.

Ethiopia’s Bold Plastic Crackdown Sweeps Producers into Cleaning Duty

A draft bill currently making its rounds in Ethiopia’s parliament requires plastic producers to cover the cost of collecting, reusing, and recycling their products post-consumption.

EdTech Startup Henon Resumes Adaptive Learning Ambitions After Detour in School Management Systems

Five years after operating as a provider of school management platforms (SMS), Henon Edtech Solutions is circling back to its founding mission to be a premier hub for E-learning.

Self-Taught Developer’s Online Auction Platform Attracts Thousands Upon Launch

The Platform relies on a subscription model, which is renewed either annually or every quarter.

Ethiopia’s Sovereign Wealth Fund Ranked Largest in Africa with $45 Billion Assets

EIH has a portfolio of 40 state-owned enterprises that span everything from aviation to financial services, telecom, and hospitality.

MultiChoice Partners with Ethio Telecom to Offer Bundled Streaming Packages

Premier League matches, one of DStv’s biggest viewership drivers, will be available for a monthly fee of 1,750 birr, paired with a 7 Mbps fixed broadband connection.