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Issue 101: 5G, Idea Financing & MamoKacha

Idea Financing Ethiopia,v2

Minister Urges Banks to Overcome Risk Aversion, Support Idea Financing Muferihat Kamil, the Minister of Labor and Skills, has criticized

September 11, 2023
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Team Shega

Addis Ababa, Ethiopia

Idea Financing Ethiopia,v2
Minister Urges Banks to Overcome Risk Aversion, Support Idea Financing

Muferihat Kamil, the Minister of Labor and Skills, has criticized Ethiopian financial institutions for their overly cautious approach to business, which neglects the vital aspect of idea funding. According to Muferihat, banks in Ethiopia are heavily reproached for being risk-averse and sidestepping their duty to finance entrepreneurs’ ideas by imposing unmet demands to finance ventures, stated The Reporter. Read more.

Visa at the Doorsteps of Ethiopia’s Payment Ecosystem

Visa has had a long-standing presence in Ethiopia, with banks relying on the payment giant to issue debit cards. However, Visa has even greater ambitions for its role in Ethiopia. Yared Endale, Visa’s new country lead for Ethiopia, sat down with Shega for his first exclusive interview since taking office, in which he shared Visa’s ongoing initiatives and exciting new ventures in Ethiopia. Read more.

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Ethio Telecom Launches Commercial 5G Services in Addis Ababa

Ethio Telecom has officially rolled out its commercial 5G services at 145 sites in Addis Ababa, following successful pre-commercial trials. Read More.

The Lasting Legacy of Mamo Yenberberu

A young boy named Mamo Yenberberu, later known to many as MamoKacha, embarked on an entrepreneurial journey that would not only transform his life but also leave an indelible mark on the transportation industry of the East African nation. Read more.

Wallet Onboards MobiFin

Wallet Microfinance Institution has partnered with global telecommunication company Bankai Group, to launch its digital wallet using MobiFin, a digital banking and payments platform. Read more.

Surprising Finds: Three Ethiopian Digital Marketplaces You Probably Haven’t Heard About

Digital marketplaces are on the rise in Ethiopia expanding their reach across various sectors to cater to a wide range of needs, spanning from the odd to the niche.  Here are three Ethiopian digital marketplaces you might not be familiar with yet. Read more.

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Madras Security to Deliver One Million IDs to Ethiopia

Madras Security Printers Private Limited has been chosen by Ethiopia’s government to produce one million cards for the country’s digital ID project with a $300,000 bid. Read more

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