News

Ethiopian Agri-Startup Guaro Farms Advances as Finalist in GoGettaz 2025 Competition

Ethiopian agribusiness Guaro Farms is a Top 13 finalist in the 2025 GoGettaz Agripreneur Prize, recognized for its innovative spice-processing nano-factories aiming to transform farmers’ livelihoods.

Ethiopia’s Sovereign Fund Makes First International Bet on Boutique Scandinavian Gold Miner

Ethiopian Investment Holdings has taken its first step into international markets, acquiring a 7.4% stake in Scandinavian-based Akobo Minerals for $3m.

MinT Launches Tech Addis Expo to Attract Global AI, BPO, and Cloud Investments

The Ministry of Innovation and Technology launches Future Tech Addis, an ambitious 3-year initiative aiming to attract 1,000 global tech companies and boost Ethiopia’s innovation landscape.

Ethiopia’s Green Transport Crusade Spawns Market for Fuel-Saving Technology Company

Stricter vehicle emission rules are coming to Ethiopia. A new fuel enhancer promises to reduce emissions by 80% and improve fuel efficiency by 30%, arming drivers with tools for new laws.

Ethiopia Freezes New Power Permits for Crypto Miners Amid Capacity Saturation

Ethiopia won’t greenlight new crypto-mining power deal. EEP says it needs to ensure local access before expanding 'data mining' operations. The country’s Bitcoin mining boom may be slowing.

NBE Announces Crackdown on Illicit Currency Flows After Major FX Auction

Governor Mamo Mihertu announced enhanced crackdown on illicit foreign currency flows a day after major FX auction by the National Bank of Ethiopia.

NBE Kicks Off Fiscal Year with Biggest FX Splash

Ethiopia’s central bank is doubling down on its FX auctions, literally. The NBE will offer $150m at tomorrow’s sale, more than twice previous amounts.

Prosecutors Drop All Charges Against Websprix CEO Dawit Birhanu

After 7 months in detention, WebSprix CEO Dawit Birhanu has been released. Prosecutors dropped all charges, which stemmed from a disputed audit alleging unpaid taxes.