Data from the Ethiopian Communications Authority (ECA) shows a significant increase in foreign investment within the country's telecommunications sector.
Annual foreign direct investment (FDI) in telecommunications services (fixed, mobile, and internet) has grown steadily, from 1.7 billion birr in 2017 to 17.4 billion birr by 2022. This trend aligns with Ethiopia's recent policy reforms to attract foreign investment into its telecommunications sector.
For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia
Annual foreign direct investment (FDI) in telecommunications services (fixed, mobile, and internet) has grown steadily, from 1.7 billion birr in 2017 to 17.4 billion birr by 2022. This trend aligns with Ethiopia's recent policy reforms to attract foreign investment into its telecommunications sector.
For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia
Safaricom Ethiopia Starts Commercial Operations in Tigray Region
Safaricom announces the launch of commercial operations in Tigray region.
https://shega.co/post/safaricom-ethiopia-starts-commercial-operations-in-tigray-region/
@shegahq
Safaricom announces the launch of commercial operations in Tigray region.
https://shega.co/post/safaricom-ethiopia-starts-commercial-operations-in-tigray-region/
@shegahq
Reach for Change Unveils First Cohort of Edtech Fellows
The selected edtech startups will receive a range of benefits, including one-on-one coaching from specialists, peer learning sessions, investor advisory, insights into the science of learning, and $60,000 in equity-free funding for each startup.
https://shega.co/post/reach-for-change-unveils-first-cohort-of-edtech-fellows/
@shegahq
The selected edtech startups will receive a range of benefits, including one-on-one coaching from specialists, peer learning sessions, investor advisory, insights into the science of learning, and $60,000 in equity-free funding for each startup.
https://shega.co/post/reach-for-change-unveils-first-cohort-of-edtech-fellows/
@shegahq
Kubik Paved the Way, Can Other Ethiopian Startups Follow?
In 2023, Kubik was named Startup of the Year at the Global Startup Awards. In 2024, 68 local startups are eyeing the same honor.
https://shega.co/post/kubik-paved-the-way-can-other-ethiopian-startups-follow/
@shegahq
In 2023, Kubik was named Startup of the Year at the Global Startup Awards. In 2024, 68 local startups are eyeing the same honor.
https://shega.co/post/kubik-paved-the-way-can-other-ethiopian-startups-follow/
@shegahq
The National Bank of Ethiopia's draft policy document outlines four key entry points for foreign entities to participate in the banking sector. These entry methods include subsidiaries, representative offices, branches, and share acquisition in existing and new banks.
For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia
For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia
Ethiopian Federal Agency Deploys ERP to Overhaul $1 Billion Drug Supply Chain
Ethiopia’s federal agency responsible for supplying pharmaceuticals and medical equipment to health institutions with a revolving fund of one billion dollars has deployed an Enterprise Resource Planning (ERP) system to streamline its operations.
https://shega.co/post/ethiopian-federal-agency-deploys-erp-to-overhaul-1-billion-drug-supply-chain/
@shegahq
Ethiopia’s federal agency responsible for supplying pharmaceuticals and medical equipment to health institutions with a revolving fund of one billion dollars has deployed an Enterprise Resource Planning (ERP) system to streamline its operations.
https://shega.co/post/ethiopian-federal-agency-deploys-erp-to-overhaul-1-billion-drug-supply-chain/
@shegahq
Ethiopia Paves the Way for Central Bank Digital Currency, Banking Revolution
The Council of Ministers today approved a draft proclamation that establishes a legal framework for the introduction of a central bank digital currency (CBDC) in Ethiopia
https://shega.co/post/ethiopia-paves-the-way-for-central-bank-digital-currency-banking-revolution/
@shegahq
The Council of Ministers today approved a draft proclamation that establishes a legal framework for the introduction of a central bank digital currency (CBDC) in Ethiopia
https://shega.co/post/ethiopia-paves-the-way-for-central-bank-digital-currency-banking-revolution/
@shegahq
“Gurbitina” Goes Online
Gorebet, an app that leverages the traditional Ethiopian concept of “Gurbitina,” enabling users to connect and share important local information, has been launched by Opian Technologies.
https://shega.co/post/gurbitina-goes-online/
@shegahq
Gorebet, an app that leverages the traditional Ethiopian concept of “Gurbitina,” enabling users to connect and share important local information, has been launched by Opian Technologies.
https://shega.co/post/gurbitina-goes-online/
@shegahq
Recent data suggests that while mobile phone ownership is on the rise across the country, internet usage remains limited, especially among women, with an adoption rate of 13%.
For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia
For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia
Applications Open for Local Agritech Competition with $20,000 Prize
Heifer Ethiopia has launched this year's AYuTe Ethiopia Challenge, which aims to identify innovative tech-based solutions to address the challenges faced by smallholder farmers in the country.
https://shega.co/post/application-opens-for-local-agritech-competition-with-20000-prize/
@shegahq
Heifer Ethiopia has launched this year's AYuTe Ethiopia Challenge, which aims to identify innovative tech-based solutions to address the challenges faced by smallholder farmers in the country.
https://shega.co/post/application-opens-for-local-agritech-competition-with-20000-prize/
@shegahq
Coffee Capital Cleans Up
The Ethiopian Institute of Bio and Emerging Technology has teamed up with Jimma City to scale up waste collection and processing efforts, with the majority being converted into natural compost.
https://shega.co/post/coffee-capital-cleans-up/
@shegahq
The Ethiopian Institute of Bio and Emerging Technology has teamed up with Jimma City to scale up waste collection and processing efforts, with the majority being converted into natural compost.
https://shega.co/post/coffee-capital-cleans-up/
@shegahq
According to the World Bank Financial Capability Survey, a larger proportion of adults with higher education are more knowledgeable about financial terms such as ATMs, insurance companies, and microfinance, compared to those with only primary education.
These disparities are often compounded by the fact that rural adults, especially women, have fewer educational opportunities than their urban counterparts.
For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia
These disparities are often compounded by the fact that rural adults, especially women, have fewer educational opportunities than their urban counterparts.
For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia
TotalEnergies Flips the Switch on First EV Charging Station in Addis Ababa
Witnessing the growing number of electric vehicles (EVs), TotalEnergies Ethiopia is integrating electric charging points at its gas stations
https://shega.co/post/totalenergies-flips-the-switch-on-first-ev-charging-station-in-addis-ababa/
@shegahq
Witnessing the growing number of electric vehicles (EVs), TotalEnergies Ethiopia is integrating electric charging points at its gas stations
https://shega.co/post/totalenergies-flips-the-switch-on-first-ev-charging-station-in-addis-ababa/
@shegahq
Join Our Training on Debt and Equity Financing!
Learn about the various forms of debt and equity financing available to businesses, how to obtain them, and their advantages and disadvantages.
Date: Thursday, June 28, 2024
Time: 4:30 PM - 6:30 PM EAT / 10:30 AM - 12:30 PM Local Time
Location: Virtual , registration link : https://forms.gle/P1rAV4NPXdKczxwL8
If you are unemployed and want a deeper understanding of the business development, finance and legal sector this training will highly benefit you and you will be prioritized during registration!
Partner Content
Learn about the various forms of debt and equity financing available to businesses, how to obtain them, and their advantages and disadvantages.
Date: Thursday, June 28, 2024
Time: 4:30 PM - 6:30 PM EAT / 10:30 AM - 12:30 PM Local Time
Location: Virtual , registration link : https://forms.gle/P1rAV4NPXdKczxwL8
If you are unemployed and want a deeper understanding of the business development, finance and legal sector this training will highly benefit you and you will be prioritized during registration!
Partner Content
WeVenture Partners with Dashen for 3rd Kefita Entrepreneurship Contest
WeVenture, a newly established local venture capital-backed incubator, has partnered with Dashen Bank for the third edition of the Dashen Kefita Entrepreneurship Contest.
https://shega.co/post/weventure-partners-with-dashen-for-3rd-kefita-entrepreneurship-contest/
@shegahq
WeVenture, a newly established local venture capital-backed incubator, has partnered with Dashen Bank for the third edition of the Dashen Kefita Entrepreneurship Contest.
https://shega.co/post/weventure-partners-with-dashen-for-3rd-kefita-entrepreneurship-contest/
@shegahq
Second Batch of Ecommerce Startups Join Venture Meda Acceleration Program
Venture Meda, a local support program for high-growth e-commerce businesses, has selected seven startups for its second cohort.
https://shega.co/post/second-batch-of-ecommerce-startups-join-venture-meda-acceleration-program/
@shegahq
Venture Meda, a local support program for high-growth e-commerce businesses, has selected seven startups for its second cohort.
https://shega.co/post/second-batch-of-ecommerce-startups-join-venture-meda-acceleration-program/
@shegahq
Putting Parents at the Center of Children’s Education: The Case of Huwaa Learning Platform
Parents can play an active role in shaping their children’s digital future. Huwaa, a gamified platform integrating both online and offline activities, is one such local edtech startup that puts parents at the center.
https://shega.co/post/putting-parents-at-the-center-of-childrens-education-the-case-of-huwaa-learning-platform/
@shegahq
Parents can play an active role in shaping their children’s digital future. Huwaa, a gamified platform integrating both online and offline activities, is one such local edtech startup that puts parents at the center.
https://shega.co/post/putting-parents-at-the-center-of-childrens-education-the-case-of-huwaa-learning-platform/
@shegahq
Africa 118 Lands GSMA Innovation Fund for Third Time
Africa 118, a digital marketing and information service provider headquartered in Ethiopia, has secured funding from the GSMA Innovation Fund for the third time.
https://shega.co/post/africa-118-lands-gsma-innovation-fund-for-third-www.tgoop.com/
@shegahq
Africa 118, a digital marketing and information service provider headquartered in Ethiopia, has secured funding from the GSMA Innovation Fund for the third time.
https://shega.co/post/africa-118-lands-gsma-innovation-fund-for-third-www.tgoop.com/
@shegahq
My Ekub Expands Service to Include Public Equbs
Sevenfold Trading, one of the local startups digitizing traditional peer-to-peer saving groups with its app My Ekub, is expanding its service to include public equb groups.
https://shega.co/post/my-ekub-expands-service-to-include-public-equbs/
@shegahq
Sevenfold Trading, one of the local startups digitizing traditional peer-to-peer saving groups with its app My Ekub, is expanding its service to include public equb groups.
https://shega.co/post/my-ekub-expands-service-to-include-public-equbs/
@shegahq
Research Finds 91% of Internet Users in Addis Ababa Spend More Than One Hour a Day Online
New research conducted by the Center for Rights and Democracy (CARD), a local nonprofit organization, has found that 91 percent of internet users in Addis Ababa spend more than one hour a day online.
https://shega.co/post/research-finds-91-of-internet-users-in-addis-ababa-spend-more-than-one-hour-a-day-online/
@shegahq
New research conducted by the Center for Rights and Democracy (CARD), a local nonprofit organization, has found that 91 percent of internet users in Addis Ababa spend more than one hour a day online.
https://shega.co/post/research-finds-91-of-internet-users-in-addis-ababa-spend-more-than-one-hour-a-day-online/
@shegahq