News

Ethiopia Set to Legalize Foreign Ownership of Real Estate, Pending Parliamentary Approval

A landmark piece of legislation that could allow foreigners to own real estate in Ethiopia has received unanimous approval from the Council of Ministers.

Tina Mart Secures $150K Seed Investment from Singapore-Based Penantran Group

Just launched—and already backed. Tina Mart an e-commerce platform by serial entrepreneur Ezedin Kamil raises $150K from Singapore’s Penantran Group for a 10% stake.

Documents Agency, Ethio-Post Partnership Shakes Up Internet Cafes, Stationery Shops Built Around Old System

A new DARS and Ethio Post partnership is reshaping document services in Addis Ababa, cutting out intermediaries who have established businesses providing contract drafting services to DARS customers.

PM Abiy Bets on Mesob: Ethiopia’s Latest Push for a Paperless Public Sector

Prime Minister Abiy Ahmed (PhD) inaugurated the Mesob center yesterday which integrates 41 public services in a paperless, fully digital process set to include all ministries in due course.

More Than Half of Addis Ababa’s MSEs Likely Operate Without Digital Tools, Study Shows

Addis Ababa trails far behind in digital adoption among Micro and Small Enterprises (MSEs), ranking lowest out of five global cities in a new study by the Center for Financial Inclusion at Accion.

From Birr to Bytes: Ethiopia's Central Bank Aligns with Global Financial Messaging Standards

Ethiopia's central bank has upgraded its EATS into global messaging standards with clearer, consistent ways to describe financial transactions and messages, regardless of the software or format used.

Ethio Telecom’s IPO Left Hanging with Just 10.7% of Shares Sold

Six months after launching Ethiopia’s first IPO, Ethio Telecom sold just over 10.7 million of its 100 million shares, raising 3.2 billion birr from over 47,377 investors.

Animation to AI: Ethiopia’s Habesha Creative Lab Launches with Diverse First Cohort of Fourteen Ventures

Fourteen creative ventures have been selected for the first cohort of the Habesha Creative Lab from a pool of over 100 applicants.