More Than Half of Addis Ababa’s MSEs Likely Operate Without Digital Tools, Study Shows

Addis Ababa trails far behind in digital adoption among Micro and Small Enterprises (MSEs), ranking lowest out of five global cities in a new study by the Center for Financial Inclusion at Accion.

From Birr to Bytes: Ethiopia's Central Bank Aligns with Global Financial Messaging Standards

Ethiopia's central bank has upgraded its EATS into global messaging standards with clearer, consistent ways to describe financial transactions and messages, regardless of the software or format used.

Ethio Telecom’s IPO Left Hanging with Just 10.7% of Shares Sold

Six months after launching Ethiopia’s first IPO, Ethio Telecom sold just over 10.7 million of its 100 million shares, raising 3.2 billion birr from over 47,377 investors.

Animation to AI: Ethiopia’s Habesha Creative Lab Launches with Diverse First Cohort of Fourteen Ventures

Fourteen creative ventures have been selected for the first cohort of the Habesha Creative Lab from a pool of over 100 applicants.

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.