Team Shega
Addis Ababa, Ethiopia
Ethio Telecom has introduced its mobile phone cloud storage service; beU food delivery has expanded to Tanzania, and fintech startup ArifPay has announced its commercial launch.
Last week, Ethiopia’s innovative ecosystem saw significant breakthroughs across several fronts. Read all about it in Shega Weekly, where we recap the week.
Ethio Telecom has launched teledrive, a service that enables users to back up their contacts, pictures, videos, SMS, and other files on cloud storage.
teledrive, which is available on Android and iOS, offers start at 30 birr per month for 25 GB of space, while an unlimited storage plan costs 300 birr per month. Read more.
A commentary article published by European Centre for Development Policy Management, a think thank, states the Ethiopian government has focused on modernizing its digital retail payment sector and is already recording some progress in this area.
But adds, if Ethiopia wants to realize its broader development vision, it will need to attract and mobilize investment in digital infrastructure, increase access to affordable finance for small and medium-sized enterprises (SMEs), and coordinate with public and private actors. Read more.
Zaytech IT Solutions, the developer of the taxi-hailing product ZayRide, has opened a co-working space for startups and entrepreneurs at the ZayRide office.
Starting from 2,000 birr per month, startups can get access to an office, a meeting hall, and a training room.
Arifpay Financial Technologies has announced the commercial launch of its digital financial products and services. Read more.
beU delivery, an on-demand food delivery service in Ethiopia, is expanding its services to Dar es Salaam, Tanzania. Read more.
Michael Tomas, an Associate Consultant at Shega, argues technology is making Ethiopian banks’ business operations obsolete and opening up opportunities for challenger institutions to provide better services. Read more.
ChatGPT, an AI-powered chatbot, is the latest development in the world of technology that has spawned a new wave of amazement. The chatbot answers questions, writes essays, and creates computer programs using artificial intelligence. Read more.
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