News

Ethiopia Ratifies Bill Allowing Expropriation of Unexplained Wealth Going Back a Decade

Asset recovery laws have become ubiquitous worldwide in recent years, partly guided by institutions like the World Bank through the Stolen Asset Recovery Initiative (StAR).

Ethiopian Freelance Platform Skills.et Raises Seed Investment from Venture Addis

Skills.et functions as an intermediary, facilitating connections between businesses seeking skilled professionals and a diverse pool of Ethiopian freelancers.

New Streaming Platform Unlocks Monetization for Ethiopian Gospel Artists

Hasset, a new streaming platform developed by Heaven's Echo Music School enables Ethiopian gospel artists to monetize their works while offering audiences a contemporary source for spiritual content.

Nyala Insurance Becomes First Ethiopian Insurer to Integrate M-Pesa

Nyala Insurance and Safaricom have entered into a partnership that allows users to make premium payments, renew policies, and conduct other insurance-related transactions through M-PESA.

Ethio Telecom Faces Tough Parliamentary Queries

At just three years old, telebirr has facilitated 1.3 billion transactions amounting to close to 3.3 trillion birr.

Ethiopian Agri-Tech Startup Takes on Post-Harvest Loss with Solar Cooling Solutions

Ahadu Solar Ice Maker, a year old Agri-Tech startup has debuted solar powered cooling solutions looking to tackle post-harvest loss in Ethiopia's agriculture.

Ethiopia Hits 9.7 Trillion Birr in Digital Transactions

Efforts are also underway to expand digital use cases beyond payments to include digital savings, credit, and investment.

Ethiopia’s Central Bank Maintains 15% Policy Rate, Slightly Uncaps Credit

Signaling another year characterized by taming the double-digit inflationary beast, Ethiopia’s central bank has widened the annual credit growth cap by a timid 4%.