News

Enat Bank Disburses 1.4 billion Birr in Collateral-Free Loans to Women Entrepreneurs in Ethiopia

Enat Bank disbursed over 1.4 billion Birr in collateral-free loans to nearly 22,000 women through its Malefiya digital credit platform powered by AI-based credit scoring from Kifiya’s Qena system.

BirrLink Receives Payment Gateway License from National Bank of Ethiopia

After over a decade in digitization, reengineering and BPO services, Faris Technologies is leveraging its institutional experience to launch a new payment gateway operator under subsidiary BirrLink.

Ethiopian Developer Launches a Centralized Portal for Ad Placements on Telegram

Ethiopian developer launched Kelemat Ads, a portal which connects businesses with Telegram channels through a searchable portal, offering ad booking, automation, and payment via Telebirr.

Beemi Raises $1M to Scale Ethiopia’s First Gamified Livestreaming Platform Across Africa

Beemi, Ethiopia’s first gamified livestreaming platform which transforms streams into interactive experiences and real-time storefronts, raised $1M in a seed funding round as it scales across Africa.

Ethiopia’s Digital Bureaucracy Faces Reality Check as EU-Funded BEIC Project Wraps Up

EU funded €7.2M BEIC project formally concludes, having digitized core public services and created platforms to streamline bureaucratic bottlenecks. Will Ethiopia's institutions manage on their own?

This Ethiopian App Integrates Traditional Healers into Digital Health Platform

A new telehealth app in Ethiopia is bringing doctors, therapists and licensed traditional healers into the digital health ecosystem. Tena'Adam looks to bridge gaps in the country health sector.

MultiChoice Cuts Costs by ZAR 3.7 billion to Weather Subscriber Losses, Currency Turmoil

Subscriber loss and forex losses hit pay-TV giant Multichoice hard. But a near-doubling of cost savings and up to 31% local price hikes across Africa allowed the company to cushion blow.

Debt Repayments Outpace Capital Spending in Ethiopia’s 1.93 Trillion Birr Budget

Ethiopia's draft budget for the upcoming fiscal year reaches a historic 1.93 trillion Birr, a 34.4% increase. But the burden of debt looms large, with 463 billion Birr earmarked for debt servicing.