Renew Capital to Invest up to $300K in Ethiopian Startups through Newly Launched Renew Venture Lab

Renew Capital, a pan-African early-stage investment firm with a large presence in Ethiopia, has announced the launch of the Renew

African VC, Jaza Rift Ventures backs YeneHealth as Lead Investor in Pre-Seed Round

Ethiopian femtech startup YeneHealth has announced Jaza Rift Ventures (JRV), a Nairobi-based health-tech-focused venture capital firm, has joined the company

ZayRide Launches New Ride-Sharing Feature

Ride-hailing firm ZayRide has introduced a ride-sharing feature that enables multiple passengers heading in the same direction to share a

Despite Liberalization, Ethio Telecom Remains “Cash Cow”

Ethiopia’s former ruling party often referred to the country’s telecom sector and Ethio Telecom as a “cash cow.” The late

Maleda Innovative Financing Unlocks 1 Million Birr in Collateral-Free Loans for Startups, SMEs

Maleda, a collaborative initiative between Sumuni Creative Solutions, Partnership for Change, and Amhara Bank, is aiming to support startups and

Safaricom, Sumitomo, JICA, MiNT Partner to Drive Ethiopia’s Digital Transformation

Ethiopia’s new telecom operator, Safaricom Ethiopia, global investment firm Sumitomo Corporation, and the Japan International Cooperation Agency (JICA) have joined

Nedaj Processes 2 Billion Br in Fuel Transactions

EagleLion System Technology, a local IT firm, has announced that its digital platform for fuel payment Nedaj has processed transactions

Ethiopian Government Exempts Ride-hailing Drivers from Paying TOT, VAT

Officials at the federal government have exempted ride-hailing drivers from paying turnover tax (TOT) and value-added tax (VAT). The decision