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Shega Media

@shegamediaet
Channel's geo and language: Ethiopia, Amharic

Orginal Stories, Insights, Analysis, News and Events from the tech and startup ecosystem in Ethiopia and from all over the world. Visit our website shega.co. To send us news tips, question or comments, use hello@shega.org

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Ethiopia, Amharic
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Business and startups
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Shega Media

16 Nov, 09:24

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Desperate Times See Addis Ababa’s Residents Move into Semi-Finished Condominiums

Some of Addis Ababa's residents, undeterred by the absence of paint, proper kitchen, bathroom, or running water, are moving into semi-finished condominiums in search of affordable housing.

https://shega.co/news/desperate-times-see-addis-ababas-residents-move-into-semi-finished-condominiums
1.3k 0 7
Shega Media

15 Nov, 12:48

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Ethiopian Taxpayers Rush to Printing Press as Government Puts Three Month Deadline for QR Codes on Receipts

Ethiopian taxpayers issuing receipts across eight cities have been given a three-month period to include QR (quick response) codes on their receipts as part of cross cutting digitization to help authentication efforts in meeting revenue targets.

https://shega.co/news/ethiopian-taxpayers-rush-to-printing-press-as-government-puts-three-month-deadline-for-qr-codes-on-receipts

@shegahq
1.7k 0 22 1
Shega Media

14 Nov, 19:31

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Forward from: Shega Insights
We're proud to announce that Shega has launched an Integrated Community Radio and Ground Activations initiative as part of the AKOFADA project's Behavioral Change Campaign, aiming to reach 3 million adults in rural and semi-rural areas of Ethiopia to foster trust and adoption of digital financial services.

This impactful initiative seeks to partner and empower 8 community radio stations and 11 on ground DFS promoters across 10 locations in Ethiopia. 

Mr. Mohammed Endris, Director General of the Ethiopian Media Authority, kicked off the event with an insightful opening remark, emphasizing the significance of collaborative efforts in fostering financial inclusion across the nation.

We’re honored to spearhead this transformative project and look forward to the positive impact it will bring to communities throughout Ethiopia

Follow our company page at @shegahq
1.5k 0 3
Shega Media

14 Nov, 15:43

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The 2024 U.S. presidential election has significantly influenced market dynamics. Notably, Bitcoin has surged to record highs, driven by President-elect Trump’s pledge to reverse the regulatory measures imposed during the Biden administration.

https://shega.co/news/crypto-market-reacts-to-trumps-win-bitcoin-hits-historic-highs

@shegahq
1.8k 0 3
Shega Media

14 Nov, 12:53

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ECMA Sets One-Year Compliance Deadline for Public Share Issuers

Companies currently issuing shares to the public have one year to comply with the public offering directive introduced by the Ethiopian Capital Market Authority (ECMA).

https://shega.co/news/ecma-sets-one-year-compliance-deadline-for-public-share-issuers

@shegahq
1.8k 0 6 2
Shega Media

13 Nov, 18:56

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Ethiopia's Gig Economy Takes Center Stage at Africa Celebrates 2024 Event

Mesirat, a program by Mastercard Foundation, Gebeya Inc., and their consortium of partners successfully hosted a panel discussion titled "Exploring the Gig Economy in Ethiopia: Opportunities, Challenges, Ways Forward" as part of the Africa Celebrates 2024 initiative.

https://shega.co/news/ethiopias-gig-economy-takes-center-stage-at-africa-celebrates-2024-event

@shegahq
1.9k 0 8 3
Shega Media

13 Nov, 15:32

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Shega’s new feature offers a comprehensive database of opportunities, including grants, investments, incubation, and other programs designed to help startups and MSMEs grow.

Visit our opportunities section to discover global, continental, and national programs specifically open to Ethiopians.

https://shega.co/opportunities

@shegahq
3k 0 31
Shega Media

12 Nov, 18:45

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EthSwitch Sees P2P Transactions Overtake ATMs in Value

EthSwitch, the national switch operator responsible for financial interoperability, has reported that interoperable peer-to-peer (P2P) transactions have surpassed those of ATMs in value.

https://shega.co/news/ethswitch-sees-p2p-transactions-overtake-atms-in-value

@shegahq
2k 0 5 1
Shega Media

12 Nov, 14:19

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Wegagen Bank Resurges to Historic Profits

Wegagen Bank has continued the formidable rebound of the past two years as it increased total deposits by 22% to reach 52.1 billion birr over the last financial year.

https://shega.co/news/wegagen-bank-resurges-to-historic-profits-championing-digitization

@shegahq
2.1k 0 4
Shega Media

12 Nov, 10:59

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Issue 160: Devaluation Bites & Google Play Opens Up

Safaricom Plc has reported an 18% decline in its first-half profits due to the depreciation of the Birr, while Google Play has started accepting registrations from Ethiopian developers. Here are the major stories from the past week.

https://newsletter.shega.co/p/issue-160-devaluation-bites-google-play-opens-up

@shegahq
2.2k 0 6
Shega Media

11 Nov, 17:35

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This Platform Tackles Labor Force Gender Divide with Female Only Job Recruitment

A new platform by Vintage Technologies looks to bridge the labor force gender divide by connecting employers with a female-only pool of recruits.

https://shega.co/news/this-platform-tackles-labor-force-gender-divide-with-female-only-job-recruitment

@shegahq
2.4k 0 20 2
Shega Media

11 Nov, 16:41

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Stay connected with all things Shega by following our main company page! Want to stay ahead in digital finance? Subscribe to DFS Ethiopia Hub. Need tailored research to drive your strategy? Shega Insight has you covered. Looking for impactful branding and research-driven marketing services that convert? Shega Brand Studio is here for you! 

Click the link below and follow us: https://shor.by/FGSl  

 
2.2k 0 2
Shega Media

8 Nov, 15:50

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Ministry of Finance Pulls Back Franco Valuta Permits

Nearly a week after Prime Minister Abiy Ahmed (PhD) signaled pending changes to the Franco Valuta scheme, a letter by Finance Minister Ahmed Shide has effectively ended the arrangement.

https://shega.co/news/ministry-of-finance-pulls-back-franco-valuta-permits

@shegahq
3.2k 0 13 3
Shega Media

7 Nov, 20:17

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Hong Kong-Based West Data Group Breaks Ground on 20MW Bitcoin Mining Facility in Ethiopia

Construction of a 20MW Bitcoin mining facility has broken ground in Wolaita, Sodo city in Southern Ethiopia, by the Hong Kong-based data center service provider West Data Group.

https://shega.co/news/hong-kong-based-west-data-group-breaks-ground-on-20mw-bitcoin-mining-facility-in-ethiopia

@shegahq
3.3k 0 23 4
Shega Media

7 Nov, 13:23

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Ethiopia Mandates Standard QR Code for Digital Payments

The National Bank of Ethiopia (NBE) has mandated that all payment service providers adopt the Standard for Interoperable QR Code Payments, effective December 1, 2024.

https://shega.co/news/ethiopia-mandates-standard-qr-code-for-digital-payments

@shegahq
3.9k 1 27
Shega Media

6 Nov, 17:37

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Learning Loop Expands Reach with Innovation Ministry Partnership

A partnership that looks to accelerate the development of digital education in Ethiopia was signed last week between a local edtech company Learning Loop and the Ministry of Innovation & Technology (MInT).

https://shega.co/news/learning-loop-expands-reach-with-innovation-ministry-partnership

@shegahq
2.9k 0 9
Shega Media

5 Nov, 14:25

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Parliament Green Lights 900 Billion Birr Debt Security Issuance for CBE Reform

A bill that paves the way for the issuance of 900-billion-birr worth of government debt securities to settle the state-owned Commercial Bank of Ethiopia’s (CBE) non-performing loans and recapitalize it, was ratified by parliament this morning.

https://shega.co/news/ethiopian-parliament-green-lights-900-billion-birr-debt-security-issuance-for-cbe-reform

@shegahq
3.1k 0 8 2
Shega Media

5 Nov, 11:39

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Policy Roadmap Looks to Resurrect Ethiopia’s Plummeting Innovation Ranking

A comprehensive Science, Innovation & Technology (STI) policy document spanning 13 years of implementation throughout Ethiopia has reached its final rounds of consultation.

https://shega.co/news/policy-roadmap-looks-to-resurrect-ethiopias-plummeting-innovation-ranking

@shegahq
2.8k 0 3
Shega Media

5 Nov, 10:58

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Issue 159: Money Market & A Sigh of Relief

The latest edition of Shega Weekly covers the launch of an online Inter-Bank Money Market Platform, a forecast on global oil prices, a new coffee pricing mechanism introduced by the Ethiopian Commodity Exchange, and an in-depth look at Ethiopia’s Labor Market Information System and its implications for migrant workers—along with other engaging stories. Enjoy!

https://newsletter.shega.co/p/issue-159-money-market-a-sigh-of-relief

@shegahq
2.8k 0 2 1
Shega Media

4 Nov, 18:12

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Evolving Customer Support to Spur Inclusive DFS Adoption

In Ethiopia’s growing digital finance landscape, inclusive and responsive customer service isn’t just a feature—it’s essential for bridging the access gap, particularly for women in underserved communities.

Without thoughtful design and transparency, support systems could unintentionally reinforce barriers that prevent millions from fully engaging with digital financial services.

AKOFADA’s latest exploration shines a light on this overlooked but crucial aspect of Ethiopia's DFS ecosystem.

https://shega.co/news/evolving-customer-support-to-spur-inclusive-dfs-adoption

@shegahq
2.9k 0 3
20 last posts shown.