Safaricom’s M-Pesa Partners with Dashen Bank, CashGo for Remittance Services

Dashen and M-Pesa are offering a 10% additional markup on average exchange buying rates for a limited time to entice new customers.

Cross-Border African Startup Dizzitup Eyes Ethiopian Market

Dizzit has raised around $600K in a single round of pre-seed funding and targets raising around $5 million in second-round funding in July.

Ethiopian Social Enterprise Creates Braille Engraved Menus for Visually Impaired Patrons

According to Orbis International, around 5.4 million people in Ethiopia are living with blindness or vision loss.

Ethiopia’s State-Owned Bank Mops Up 58% of Deposits in Banking Industry

The Commercial Bank of Ethiopia is the only bank that qualified as a large bank in the latest financial stability report by the National Bank of Ethiopia.

Ethiopia Primes Exchange Market for Foreign Investors Capped at 30%

EIH has 40 state-owned enterprises under its portfolio, including Africa’s biggest national carrier, Ethiopian Airlines, and one of the continent’s largest telecom operators in the form of Ethio Tel.

Great Rift Valley Summit Crowns Lifeline Addis with $150,000 Prize

The Great Rift Valley Innovation Summit is an initiative by the Ethiopian Diaspora Trust Fund.

Ethiopia’s Government Falls Short of IMF Indicative Target for Safety Net Program Contribution

The fifth phase of the safety net program, lasting until 2026, was launched in 2021 with the hopes of helping up to nine million people economically vulnerable Ethiopians annually.

Architect Debuts Platform to Digitally Model Ethiopia’s Structural Heritage

Gmja is a platform that preserves designs of buildings with historical significance in a digitally curated archive. Demolitions have become common as the number of development projects increase.