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Dear subscribers,

Welcome to this week’s edition of our newsletter on Ethiopia’s startup ecosystem. The past week started slow, but things quickly picked up as some important stories emerged from the sector.

We hope you enjoy reading this week’s edition of our newsletter and stay updated on the latest developments in Ethiopia’s vibrant startup ecosystem.

Akofada (DFS Ethiopia)

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AU Headquarters Hit by Cyberattack

The African Union headquarters has suffered a cyberattack that has required the temporary closure of its network and the suspension of several functions for over a week. Read more.

ZayRide Goes Public with 100 Million Br in Mind

Ride-hailing platform ZayRide has announced that it’s going public and has started selling shares, with a total of 100,000 being made available. Read more.

Arifpay Relies on Partnerships to Introduce Digital Payments to Ethiopia’s Neighborhood Merchants, Shops

Exploring the link between infrastructure and innovation: Fintech startup Arifpay aims to empower Ethiopia’s MSMEs by offering an efficient and cost-effective digital transaction system and is banking on commercial partners to achieve its goals. Read more.

Medtech Startup Relaunches Platform

Medstore Trading, a startup that works in the healthcare sector, has announced the relaunch of its digital platform, which serves as a one-stop digital shop for buying and selling medical equipment. Read more.

ALX’S “Womxn And Tech Initiative” Set to Help Bridge the Tech Gender Gap in Africa

In celebration of International Women’s Day (IWD), which took place on March 8, ALX announced its first dedicated software engineering cohort for women, enabling thousands of women in Ethiopia and across Africa to participate in the global technology revolution and helping to transform the tech status quo throughout the continent. Read more

Wegenfund Expands Crowdfunding Platform to Support Startups

The crowdfunding platform Wegenfund, which was initially launched to support charities, religious organizations, and individuals with medical emergencies, has now expanded its services to include startups and businesses. Read more.

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