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Shega Media

Kanal geosi va tili: Efiopiya, Amharcha

Toifa: Biznes va startaplar

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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Efiopiya, Amharcha

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Biznes va startaplar

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Shega Media

21 Jan, 13:21

Ethiopia Seeks $2 Billion in Green Finance Amid Climate Vulnerability

Ethiopia, facing mounting climate challenges and a limited early warning system, has set an ambitious target of mobilizing $2 billion in green financing by 2030.

https://shega.co/news/ethiopia-seeks-2-billion-in-green-finance-amid-climate-vulnerability

1.1k 0 4

Shega Media

21 Jan, 10:57

Issue 170: Courts & IMF

In the past week, Ethiopia saw a mixed bag of developments. The IMF approved a $248 million disbursement under Ethiopia's economic program but told Addis Ababa to phase out credit cap and end fuel subsidies.

Meanwhile, the government mandated charging stations for electric vehicle importers, while digitalization efforts by Ethio Tel spread into court systems. Here is the past week reviewed.

https://newsletter.shega.co/p/issue-170-courts-imf

1.5k 0 7

Shega Media

20 Jan, 17:43

𝐂𝐚𝐧 𝐲𝐨𝐮 𝐎𝐰𝐧 𝐚 𝐏𝐨𝐫𝐭𝐢𝐨𝐧 𝐨𝐟 𝐚 𝐇𝐨𝐦𝐞 𝐢𝐧 𝐄𝐭𝐡𝐢𝐨𝐩𝐢𝐚 𝐟𝐨𝐫 𝟓𝟎,𝟎𝟎𝟎 𝐛𝐢𝐫𝐫? 𝐓𝐡𝐢𝐬 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐢𝐬 𝐁𝐞𝐭𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐇𝐨𝐮𝐬𝐞 𝐨𝐧 𝐢𝐭

Kircha, an innovative undertaking by three entrepreneurs looks to introduce fractionalized ownership of real estate into Ethiopia’s credit-squeezed property market.

https://shega.co/news/can-you-own-a-portion-of-a-home-in-ethiopia-for-50-000-birr-this-platform-is-betting-the-house-on-it

1.5k 0 27 3

Shega Media

20 Jan, 12:32

"𝐈 𝐰𝐚𝐬 𝐢𝐧𝐭𝐞𝐫𝐧𝐢𝐧𝐠 𝐚𝐭 𝟐𝟔 𝐚𝐧𝐝 𝐈 𝐰𝐚𝐬 𝐭𝐡𝐞 𝐨𝐥𝐝𝐞𝐬𝐭 𝐢𝐧𝐭𝐞𝐫𝐧" – 𝐘𝐨𝐧𝐚𝐬 𝐁𝐞𝐬𝐡𝐚𝐰𝐚𝐫𝐞𝐝 𝐅𝐨𝐮𝐧𝐝𝐞𝐫 𝐨𝐟 𝐒𝐭𝐚𝐜𝐤𝐒𝐡𝐚𝐫𝐞

As the Habeshas in Tech tour wrapped up its eight-city expedition in Addis Ababa, Yonas Beshwared founder of the group and former CEO of Stackshare sat down for an exclusive interview with Shega.

https://shega.co/news/i-was-interning-at-26-and-i-was-the-oldest-intern--yonas-beshawared-founder-of-stackshare

3k 2 17 1

Shega Media

18 Jan, 09:32

The Promise, Peril of Equb in Ethiopia’s Financial Ecosystem

In a world where financial inclusion continues to be a critical issue, innovative solutions sometimes arise from unexpected sources. As global fintech trends shift toward sustainable, savings-focused models, the opportunity to transform Equb into a contemporary financial tool has never been more promising.

However, exploitative practices threaten Equb's integrity, stressing the need for regulation to safeguard participants without stifling innovation.

Insights powered by Project AKOFADA.

https://shega.co/news/the-promise-peril-of-equb-in-ethiopias-financial-ecosystem

2k 0 10 1

Shega Media

17 Jan, 14:21

𝐈𝐬 𝐄-𝐰𝐚𝐬𝐭𝐞 𝐐𝐮𝐢𝐞𝐭𝐥𝐲 𝐏𝐨𝐢𝐬𝐨𝐧𝐢𝐧𝐠 𝐄𝐭𝐡𝐢𝐨𝐩𝐢𝐚?

Ethiopia generated above 88 million kilograms of e-waste in 2022. Improper disposal and recycling of electronic waste releases 1000 chemicals including neurotoxicants like lead. Oversight remains limited.

https://shega.co/news/is-electronic-waste-quietly-poisoning-ethiopia

2k 0 8

Shega Media

17 Jan, 11:09

𝐄𝐭𝐡𝐢𝐨𝐩𝐢𝐚’𝐬 𝐁𝐢𝐠𝐠𝐞𝐬𝐭 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐈𝐧𝐬𝐮𝐫𝐞𝐫 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐞𝐬 𝐌𝐏𝐄𝐒𝐀

Awash Insurance customers will now be able to make premium payments, and other insurance-related transactions directly via M-PESA.

https://shega.co/news/ethiopia-s-biggest-private-insurer-integrates-mpesa

2k 0 3

Shega Media

16 Jan, 09:29

Why Copying Could Be a Way Forward for Small Businesses in Ethiopia

Asresahegn Yilma, a digital banking specialist at the Commercial Bank of Ethiopia, argues that copying—often viewed negatively—can serve as a practical strategy for small businesses in Ethiopia to establish market footholds, reduce costs, and build customer familiarity.

https://shega.co/news/why-copying-could-be-a-way-forward-for-small-businesses-in-ethiopia

2.2k 0 6

Shega Media

15 Jan, 20:15

𝐒𝐡𝐞𝐠𝐚 𝐉𝐨𝐢𝐧𝐬 𝐭𝐡𝐞 𝐍𝐕𝐈𝐃𝐈𝐀 𝐈𝐧𝐜𝐞𝐩𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐠𝐫𝐚𝐦!

We are thrilled to share that Shega has been accepted into the esteemed NVIDIA Inception program!

This opportunity is a significant step forward in our commitment to driving AI innovation. With access to NVIDIA's state-of-the-art technologies—including advanced GPUs, AI and deep learning software, and specialized support—we can enhance our product development and accelerate our aim towards developing groundbreaking tech solutions.

Being part of this program also connects us to a dynamic network of 19,000 startups, offering essential resources to help us scale and realize our ambitious goals.

We are enthusiastic about the potential this partnership brings and look forward to leveraging NVIDIA's expertise to elevate our AI initiatives and transform our vision into reality!

Join our company page at: @shegahq

2.1k 0 4

Shega Media

15 Jan, 14:47

Wegagen Bank Drops HelloCash in Favor of E-Birr

Wegagen Bank has partnered with E-Birr to launch a new mobile money service, replacing its previous collaboration with BelCash.

https://shega.co/news/wegagen-bank-ditches-hellocash-for-e-birr

2.1k 0 10

Shega Media

15 Jan, 12:00

Market Breakdown of Digital Finance Accounts in Ethiopia by Institution & Channel

According to the National Bank of Ethiopia, there were 204.8 million digital accounts in Ethiopia (including debit cards) as of June 2024. This figure includes all registered accounts, both active and inactive.

Insights powered by Project AKOFADA.

2.3k 0 12

Shega Media

14 Jan, 18:39

Dashen Bank Unveils Ethiopia’s First Banking Super App

Dashen Bank has launched a banking super app, providing an all-in-one banking solution that is a first for Ethiopia’s banking sector.

https://shega.co/news/dashen-bank-unveils-ethiopias-first-banking-super-app

3.3k 1 27 1

Shega Media

14 Jan, 16:19

𝐄𝐭𝐡𝐢𝐨𝐩𝐢𝐚’𝐬 𝐌𝐢𝐧𝐢𝐬𝐭𝐞𝐫𝐢𝐚𝐥 𝐂𝐨𝐮𝐧𝐜𝐢𝐥 𝐕𝐨𝐭𝐞𝐬 𝐭𝐨 𝐃𝐢𝐬𝐬𝐨𝐥𝐯𝐞 𝐏𝐄𝐇𝐀 𝐀𝐦𝐢𝐝 𝐒𝐎𝐄 𝐑𝐞𝐟𝐨𝐫𝐦𝐬

The Council of Ministers, in its 41st regular session on Tuesday morning, approved a regulation that dissolves the Public Enterprises Holding and Administration (PEHA) which managed several state-owned enterprises (SOEs) in its two-decade history.

https://shega.co/news/ethiopias-ministerial-council-votes-to-dissolve-peha-amid-soe-reform-push

2.4k 0 1

Shega Media

14 Jan, 14:21

Can Everyday Commutes Be Turned into Delivery Opportunities? One Ethiopian Startup Is Betting on It

Turn Plc is flipping the script of the online delivery business model in Ethiopia with a platform that relies on users’ travel routes to deliver items.

https://shega.co/news/can-everyday-commutes-be-turned-into-delivery-opportunities-one-ethiopian-startup-is-betting-on-it

2.5k 0 23

Shega Media

14 Jan, 10:25

Issue 169: Wegagen Steps Up & Ethio Telecom Stays Open

In the past week, Wegagen Bank positioned itself to become the first company to be listed on Ethiopia’s securities exchange, Ethio telecom extended the deadline for its public offering, and a new directive was enacted to set standards for EV charging station

https://newsletter.shega.co/p/issue-169-wegagen-steps-up-ethio-telecom-stays-open

2.3k 0 2

Shega Media

13 Jan, 13:22

This Ethiopian Online Platform Offers Building Designs for Sale

A civil engineer has debuted his second online platform, AddisCAD, which targets bottlenecks in the construction industry, this time tackling design hassles.

https://shega.co/news/this-ethiopian-online-platform-offers-building-designs-for-sale

2.5k 0 48 1

Shega Media

12 Jan, 12:24

Total Valuation of Ethiopian Startups Passes $300M: Report

A new insight report on Ethiopia’s startup landscape reveals the concentration of funding in a few standout firms while the ecosystem combined has a total enterprise valuation of $302 million.

https://shega.co/news/total-enterprise-value-of-ethiopian-startups-passes-300-m-report

2.7k 0 15

Shega Media

11 Jan, 11:30

Why Fair Competition is Crucial for Ethiopia's Financial Inclusion Crusade

The idea that competition drives quality is especially relevant in the digital financial services (DFS) sector. Healthy competition benefits customers by fostering innovation, improving efficiency, lowering costs, expanding choices, and enhancing service quality.

However, despite reforms enabling fintechs and non-bank entities to participate in the market, challenges such as unfair trade practices, government favoritism, and limited competition are seen in the emerging scene.

Insights brought to you by Project AKOFADA

https://shega.co/news/why-fair-competition-is-crucial-for-ethiopias-financial-inclusion-crusade

2.8k 0 5 1

Shega Media

10 Jan, 18:32

Prime Minister Abiy Rings Bell for Ethiopia’s Stock Exchange

Ethiopia’s second and energized go at capital markets kicked up in gear as the country’s securities exchange rang its inaugural bell on Friday afternoon.

https://shega.co/news/prime-minister-abiy-rings-bell-for-ethiopias-stock-exchange

2.9k 0 13

Shega Media

9 Jan, 18:07

Ethiopia Ratifies Bill Allowing Expropriation of Unexplained Wealth Going Back a Decade

A high-octane bill that enables authorities to investigate and seize assets acquired through “unexplained means” was ratified with three objections by Ethiopia’s parliament.

https://shega.co/news/ethiopia-ratifies-bill-allowing-expropriation-of-unexplained-wealth-going-back-a-decade

3k 0 13

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