Global Streaming Star IShowSpeed Touches Down in Ethiopia

IShowSpeed has a massive global following, with a combined audience of around 150 million across major social media platforms.

Dachi Launches Ethiopia’s First Locally Canned Fava, Kidney Beans

Dachi Manufacturing expands beyond ketchup into canned beans, peas and sweet corn, aiming for large-scale output and new export markets.

Ethiopia Officially Ends Administered Interest Rate Regime

NBE officially lifts the 7% minimum deposit rate, allowing banks to compete on pricing. Savers can now shop for better returns, while startups may see more nuanced access to capital.

LakiPay Bets on Ethiopia’s Content Creators with New Digital Remittance Platform

Ethiopian fintech LakiPay has launched a digital remittance platform targeting the creator economy promising content creators up to 95% of their earnings from online gifts.

Fayda Linked Accounts Pass 2 Million as Ethiopian Banks Escalate Efforts Ahead of April Deadline

Bank of Abyssinia, Awash Bank, Wegagen Bank, Commercial Bank of Ethiopia, and Cooperative Bank of Oromia have enabled online Fayda registration.

Ethiopia's Central Bank Holds Credit Cap as Money Supply Surges

Monetary Policy Committee retains 24% credit ceiling and 15% policy rate, but raises reserve requirements and scraps minimum savings rate amid excess liquidity.

Dashen Bank's Revenue Jumps 34% to Birr 31.4 Billion as Profit Growth Lags

Dashen’s customer base has also expanded by 17.4% to 7.88 million, supported by a nationwide network of 906 branches.

Safaricom Ethiopia Raises Data Prices Amid Financial Sustainability Drive

The move follows stark warnings from July, when CEO Wim Vanhelleputte told media that Ethiopia's mobile data prices, around 3 times lower than the African average.