Five Ethiopian startups win $40,000 through Heifer International’s 2025 AYuTE Challenge, backing local agri-tech innovation with funding, mentorship, and exposure. Nanex took the top prize.

The AfDB’s latest Country Focus Report highlights the stark contrast between Ethiopia’s economic potential and its persistent development gaps. Economic growth amid poverty, debt and unemployment.

Despite reforms allowing fintechs and non-bank entities to enter the market, unfair trade practices and government favoritism have been prevalent in Ethiopia’s digital financial services sector.

In 2024, the average number of transactions a mobile money agent made in the year was just 314, which equates to fewer than one transaction per day. Mobile money appears to have outpaced agent growth.

Gadaa Bank has become the second bank to list on Ethiopia’s Securities Exchange, registering over 1.23M shares. It joins Wegagen as the second bank to list shares on ESX.

Connect & Create, an €8 million EU backed cultural initiative will offer grants, mobility funding, and institutional support to artists and cultural professionals across Sub-Saharan Africa.