Nearly 300 leaders gathered in Addis for Kifiya & Mastercard Foundation’s #KnowledgeSeries spotlighting how AI could unlock new horizons for Ethiopia’s MSMEs.
Oromia region says its entrepreneurship programs have created 2.8M job opportunities through 16.9B Birr in loans, attaining a striking 420% year-on-year credit growth.
Ethiopia’s fiscal dilemma: more debt is unsustainable, cuts risk instability, and higher taxes risk backlash. The solution lies in reform closing loopholes, digitalizing collection, and a broad base.
FenanPay has secured a commercialization license from the National Bank of Ethiopia after piloting more than 2.5 million transactions worth 1.5 billion Birr.
Ethiopia’s state investment arm and Dangote Group have signed a $2.5B deal to build a fertilizer complex in Gode. The facility is set to produce up to 3M tons annually.
Ethiopia’s Startup Proclamation could be transformative but only if institutions move fast, rules stay clear, and funds reach founders efficiently. Recognition is step one; resilience is the goal.
