$4M Later, 3M Deliveries in: Ethiopia’s beU Delivery Rides to First Taste of Profit

After nearly 4 years and $4M invested, beU Delivery has reached its first profitable month in May, a major feat in the high-burn, low-margin food delivery space.

After Years of Delay, Ethiopia’s Startup Proclamation Receives Cabinet Nod

After six years in the making, Ethiopia’s Council of Ministers has approved the country’s first Startup Proclamation, a long-awaited milestone for the nation’s embryonic innovation ecosystem.

Wegagen Capital Goes into Business as Ethiopia’s First Investment Bank

Wegagen Capital Investment Bank S.C. announced the launch of operations last night at the Hilton Addis two months after securing its investment banking license.

UN Project to Bet on Ethiopia’s Emerging Tech Prospects as Crypto miners Seek Predictable Policy

As Ethiopia increasingly becomes a haven for crypto mining the UN’s NTF V project is expanding its focus to include AI, blockchain, and Web3, aiming to engage policy makers and the private sector.

Bill Gates Pledges to Give Away Wealth Over 20 Years, mostly for Africa

In a keynote at the African Union in Addis Ababa, Bill Gates reflected on 25 years of philanthropic work and announced a $200 billion commitment over the next 20 years.

Ethiopian Startup Launches Power Bank Rental Service

MyCharge, a local tech company just four months old, has launched a unique power bank rental service. Starting with over 60 locations, the company plans to expand to 150 stations by year's end.

Dodai Launches Battery Swapping Pilot with E-Bike Donations to Addis Ababa Transport Bureau

The Addis Ababa based e-mobility startup Dodai has launched a battery swapping pilot, donating 40 electric bikes to the city and aiming to install several swap stations over the next six months.

NBE Approves Wegagen’s Non-Collateralized Digital Loans Platform Efoyta Targeting a Million Customers

Wegagen Bank’s Efoyta digital lending platform gets the green light from the National Bank of Ethiopia. Over 2.7 billion Birr disbursed in pilot phase, now going national. Kifiya's Qena powers it.