Issue 67: Funding Frenzy, Premium Gig Services & Dube Ale

Welcome to the latest edition of our newsletter! This week, we bring you updates on new initiatives to support businesses and entrepreneurs in Ethiopia.

We also have stories on funding and new products from companies such as GoodayOn and Dashen Bank. Additionally, we provide a guide for business owners on choosing the right marketplace for selling their products online in Ethiopia.

Kazana Fund Launches New Initiative to Connect Capital with Entrepreneurs

A new investment program, Angel Syndicate, was recently launched to make investing more accessible and accelerate the growth of the digital economy. According to Hilina Zenebe, the managing partner of Kazana Fund, which is behind the initiative, the platform aims to connect entrepreneurs with capital and help founders become competitive on a global scale.

Startups can receive funding of between $15,000 and $50,000 based on their business and innovation model, according to Hilina. Kazana Fund, which was established in 2022 by Addis Alemayehu and Hilina, currently has 250 investors.

A2SV Receives Funding from Google

Africa to Silicon Valley (A2SV), an Addis Ababa-based Foundation that nurtures tech talent has announced that it has received funding from Google. Read more.

Ethio Telecom Reports Exceptional Surge in Internet Users

Last week, Ethio Telecom released its half-year report, which showed that the company has increased its data and internet users by 5.2 million users in just six months. Read more.

GoodayOn Goes Premium

GoodayOn, one of Ethiopia’s leading gig connection platforms, has announced the launch of its premium subscription service. Read more.

Dashen Bank Introduces Dube Ale – A Buy Now, Pay Later Scheme

Dashen Bank and EagleLion System Technology have teamed up to launch “Dube Ale,” a new Buy-Now Pay Later scheme that allows users to purchase goods and services on credit. Read more.

Selling Online in Ethiopia: A Business Owner’s Guide to Choosing the Right Marketplace

Choose the right online marketplace for your products in Ethiopia with our comprehensive guide written by Dagmawi Demeke from targeting the right audience to evaluating costs and resources.  Read more

Ethiopian Intellectual Property Authority Launches IP Marketplace

The Ethiopian Intellectual Property Authority (EIPA) has developed an Intellectual Property Marketplace that facilitates the commercialization of granted inventions by making detailed information about the inventions and contact details of owners available to the general public. Read more.