Shega Media


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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Issue 166: Macron Lands & Macro Shifts

French President Emmanuel Macron touched down in Ethiopia on Saturday. This Week’s roundup also covers members of the Addis Ababa Chamber of Commerce and Sectoral Associations crying foul and the launch of the Aba QR Code app by Amhara Bank.

https://newsletter.shega.co/p/issue-166-macron-lands-macro-shifts


Reimagining Interoperability for Inclusive Payment Systems

EthSwitch's role goes beyond ATM interoperability. The national switch operator plays a crucial role in building trust, reducing costs, and fostering financial inclusion throughout Ethiopia.

This article is part of the AKOFADA project, which is working to increase knowledge and transparency within Ethiopia’s DFS ecosystem.

https://shega.co/news/reimagining-interoperability-for-inclusive-payment-systems


World Bank Approves 700$ Million Credit to Clean Up Ethiopia’s Financial Sector

On Thursday, the World Bank announced the approval of a $700 million credit line for Ethiopia under the Financial Sector Strengthening Project.

https://shega.co/news/world-bank-approves-700-million-credit-to-clean-up-ethiopias-financial-sector


Ethiopia Unveils First-Ever National Bioeconomy Strategy

Aiming to advance research and innovation towards building a robust bioeconomy, Ethiopia launched its first-ever Bioeconomy Strategy on Friday.

https://shega.co/news/ethiopia-unveils-first-ever-national-bioeconomy-strategy


High-Level Starbucks Delegation Visits Ethiopia Under the Radar

High-ranking executives from Starbucks, the world’s largest coffee chain, have made a discreet visit to Ethiopia, the continent’s leading coffee producer.

https://shega.co/news/high-level-starbucks-delegation-visits-ethiopia-under-the-radar


Problems with Your Bank? National Bank of Ethiopia’s New Online Platform is Here to Help

The National Bank of Ethiopia has launched an online platform and a dedicated hotline to help customers file complaints against financial institutions.

https://shega.co/news/national-bank-of-ethiopia-introduces-online-platform-for-customer-complains


We are expanding our team and seeking candidates for two key roles: 𝐇𝐞𝐚𝐝 𝐨𝐟 𝐏𝐞𝐨𝐩𝐥𝐞 & 𝐂𝐮𝐥𝐭𝐮𝐫𝐞 and 𝐇𝐑 𝐆𝐞𝐧𝐞𝐫𝐚𝐥𝐢𝐬𝐭. These positions are essential for advancing our HR initiatives and supporting organizational growth. If you are interested in contributing to a dynamic team and shaping our workplace culture, we encourage you to explore these opportunities:

1. [Head of People & Culture](https://careers.shega.co/jobs/5347661-head-of-people-culture)

2. [HR Generalist](https://careers.shega.co/jobs/5347575-hr-generalist)


Ethiopian Opens Financial Sector to Foreign Banks

Nearly fifty years after the last batch of foreign banks in Ethiopia terminated operations after the rise of the Socialist regime, Parliament has ratified a bill opening the sector back to foreign investors.

https://shega.co/news/ethiopia-opens-financial-sector-to-foreign-banks


Issue 165: Night Life, Data Hub & GMO

New regulations aimed at giving life to the capital’s nocturnal economy, the launch of an open-access startup data hub to support Ethiopia’s growing entrepreneurial ecosystem, and the supply of GMO seeds to farmers are some of the key highlights in this week’s Shega Weekly newsletter

https://newsletter.shega.co/p/issue-165-night-life-data-hub-gmo


Affordable Food Brand in Addis Ababa, Tapu, Joins beU

Tapu Foods, a popular brand in the capital that specializes in preparing and packaging local cuisine, has onboarded itself on the online food delivery platform beU Delivery.

https://shega.co/news/tapu-affordable-food-brand-in-addis-ababa-joins-beu


Ethiopian Investors in Pharmaceutical, Real Estate, Manufacturing Demand Exemptions from Pending Property Tax

Nearly a week after Ethiopia’s property valuation bill was ratified, parliamentarians spent Wednesday afternoon discussing the country’s first property tax proclamation, which is currently in the draft stage.

https://shega.co/news/ethiopian-investors-in-pharmaceutical-real-estate--manufacturing-demand-exemptions-from-pending-property-tax


Arifpay Introduces Suite of Solutions

Arifpay Financial Technologies has introduced a suite of products designed to meet the needs of businesses and consumers.

https://shega.co/news/arifpay-introduces-suite-of-solutions


Ethiopia’s Startups to Receive $750,000 in Grants at Landmark GRV Summit

Promising early- and growth-stage startups in the agriculture, healthcare, and education sectors are set to receive $750,000 in equity-free grants from the Ethiopian Diaspora Trust Fund (EDTF) at an upcoming summit.

https://shega.co/news/ethiopias-startups-to-receive-750000-in-grants-at-landmark-grv-summit


Bridging Education Gaps Through Culturally Inclusive EdTech Tools in Ethiopia

With nearly 80 ethnic nationalities and nearly the same number of languages, Ethiopia presents a unique challenge in the development of inclusive Ed-tech tools.

https://shega.co/news/bridging-education-gaps-through-culturally-inclusive-edtech-tools-in-ethiopia


Ethiopia’s Manufacturing Sector Finds Solutions in Locally Assembled CNC Machines

A local enterprise spearheads solutions to industrial hurdles by assembling Computer Numerical Control (CNC) machines, —computer-controlled devices that automate the production of parts and products.

https://shega.co/news/ethiopia-s-manufacturing-sector-finds-solutions-in-locally-assembled-cnc-machines


𝐓𝐨 𝐑𝐢𝐝𝐞 𝐨𝐫 𝐍𝐨𝐭 𝐭𝐨 𝐑𝐢𝐝𝐞? 𝐇𝐨𝐰 𝐄𝐭𝐡𝐢𝐨𝐩𝐢𝐚’𝐬 𝐓𝐚𝐱𝐢 𝐇𝐚𝐢𝐥𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐅𝐚𝐥𝐥𝐬 𝐒𝐡𝐨𝐫𝐭 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐧𝐠 𝐅𝐞𝐦𝐚𝐥𝐞 𝐏𝐚𝐬𝐬𝐞𝐧𝐠𝐞𝐫𝐬

Reports of female passengers experiencing harassment while using taxi-hailing services are becoming all too common in Addis Ababa. Women's rights groups are jointly calling for a zero-tolerance policy.

https://shega.co/news/to-ride-or-not-to-ride-how-ethiopia-s-taxi-hailing-industry-falls-short-protecting-female-passengers


Issue 164: ESX & Climate Cash

Some of the major developments from the past week include the Ethiopian Securities Exchange (ESX) receiving its license as the country's first official securities exchange and the Climate Investment Funds approving a $500 million investment to restore degraded land.

https://newsletter.shega.co/p/issue-164-esx-climate-cash


Regulatory Hurdles Propel Ethiopian Fintech Startup to Neighboring Markets

Elite Fintech Solution, a local startup, has found a home in neighboring African countries after facing regulatory roadblocks in its base of operations.

https://shega.co/news/regulatory-hurdles-propel-ethiopian-startup-to-neighboring-markets


Two-Year-Old Fintech Startup SantimPay Posts 86 Million Birr Profit

SantimPay Financial Solutions, a prominent player in Ethiopia's emerging fintech scene, reported gross profits of 86 million birr in a year marked by significant product milestones.

https://shega.co/news/two-year-old-fintech-startup-santimpay-posts-86-million-birr-profit


Somaliland Startup Brings Digital Bookkeeping Platform to Ethiopia

Hafide, a digital bookkeeping platform based in Somaliland, has expanded to Ethiopia.

https://shega.co/news/somaliland-startup-brings-digital-bookkeeping-platform-to-ethiopia

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