Team Shega
Addis Ababa, Ethiopia
Greetings,
We hope you had a great week. Shega Weekly is here to ensure that you don’t miss out on Ethiopia’s growing innovative ecosystem. In our 83rd edition, we highlight major developments that occurred in the past week, from the opening of science fairs to exciting funding opportunities for startups in Ethiopia.
The Ministry of Agriculture has launched a month-long exhibition dedicated to agriculture and technology. The expo is taking place at the Science Museum and showcases cutting-edge solutions in the areas of productivity, research and innovation, digitization, and agricultural finance. Read more.
Cooperative Bank of Oromia (coop) has announced Michu, Ethiopia’s first uncollateralized digital lending platform, has disbursed loans exceeding one billion birr. Read more.
The United Nations Development Programme (UNDP) has partnered with the National Bank of Ethiopia and the Ethiopian Capital Market Authority to create a regulatory sandbox that will allow fintechs to test their products and services in a controlled environment before launching them in the market. Read more.
According to the Ethiopian Press Agency preparation is underway to establish a digital information center that enables farmers and policymakers to easily access agricultural research findings and data. Read more.
The Tokyo-based venture capital firm Inclusion Japan (ICJ) and Kazana Group are calling on Ethiopian startups to take advantage of their upcoming exclusive event, offering an opportunity to secure capital ranging from $100,000 to $500,000. The duo also announce that GoodayOn is nearing investment closure from ICJ. Read more.
Wallte Microfinance Institution has received authorization from the National Bank of Ethiopia to launch its mobile money platform.
Amigos Savings & Credit Cooperative is offering loans up to 200,000 birr for entrepreneurs using salaries as collateral. Read more.
In an effort to create an enabling environment for the content industry and extend its reach, Ethio Telecom has partnered with a video streaming service, a music streaming service, and two mobile game providers. Read more.
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