News

Ethio Telecom Reports Revenue Climb to 61 Billion Birr Amid Extended IPO

Refraining from disclosing exact expenditure, the CEO revealed that nearly 235 million dollars in investments had been mobilized and deployed by mid-year.

Ethio Telecom Launches EV Charging Stations in Addis Ababa

Charging costs are set at 10 birr per kilowatt-hour (kWh), and the service is unlocked by scanning the QR code on the charging ports.

Dodai’s Regulatory Maneuver Paves the Way for E-Bike Riders in Addis Ababa

Dodai's strategy allows individual Dodai e-bike owners to obtain license plates by joining and operating under the legal umbrella of an association.

Ethiopia’s Central Bank Waives National ID Requirement for Diaspora for Two Years

Back in November, NBE mandated that all citizens must register for a national digital ID “Fayda", to open a bank account before a series of deadlines.

Ethiopia’s Freight Transporters Debut Platform Bidding to Digitize Logistics Network

The platform directly connects importers with transporters, bypassing the traditional broker-mediated system.

Extreme Poverty Levels are Rising in Africa: UN Report

The UN's World Economic Situation and Prospects 2025 outlines lingering debt sustainability risks, balance of payments constraints, and a shrinking fiscal space across Africa.

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.