Ethiopia’s Sovereign Wealth Fund Scraps Dodai MoU, Eyes Venture Capital Fund

Ethiopian Investment Holdings (EIH) has terminated its Memorandum of Understanding (MoU) with Ababa-based electric vehicle (EV) startup Dodai Inc. five months after it was signed.

Ethiopia Issues First Investment Bank Licenses

CBE Capital S.C. and Wegagen Capital S.C. have been established as independent subsidiaries, spun off from their respective commercial banks.

Ethiopian Financial Trio Debut Agar, Integrated Digital Insurance, Credit Service

Agar collects premiums starting from 5,000 birr. The platform also offers digital loans to help customers manage premium payments.

FSD Ethiopia Backs Five Local Financial Inclusion Projects with $1.24M in Grants

The investment brings together a diverse range of organizations, from startups to state-owned enterprises, while addressing various challenges and opportunities

PM Abiy Pins Smooth Public Service Delivery on Mesob Project

The revelations came as the Prime Minister addressed parliamentarians for the half-year budget performance review of the federal government.

One Million Ethiopian Farmers Poised for Digital Financial Services with IFC, Kifiya Partnership

The initiative is supported by the Gates Foundation and aligns with the Ethiopian government's Digital Agriculture Roadmap.

Moody’s Expects Losses to Ethiopia’s Private Creditors as Government Pursues Debt Restructuring

Ethiopia has been pursuing debt restructuring under the G-20 Common Framework (CF) since February 2021 with a creditor committee comprising 12 countries.

Africa’s Intracontinental Trade Underwhelms Amid AfCFTA Pursuit

The Democratic Republic of Congo (DRC) and Cameroon are more trade-distant from each other than from China or the United States.