Business

Japanese Venture capitalist to boost its investment in Ethiopian startups with a $100 million budget and partnership with Kazana Fund

Japanese Venture capitalist gears up to boost its investment in Ethiopian startups with a $100 million budget and partnership with Kazana Fund January 18, 2023, Addis Ababa, Ethiopia – The Tokyo-based venture capital firm Inclusion Japan (ICJ) in partnership with the early-stage startup investor Kazana Fund, calls on Ethiopian startups with pitch-ready ideas looking to secure significant capital

January 18, 2023 • By Addis Insight

Business

Ethiopia’s Banking Industry Gets a Boost with Abyssinia Bank’s Apollo App

Abyssinia Bank, one of Ethiopia’s leading financial institutions, is known for its unique virtual banking services. The bank’s latest release, the Apollo mobile banking app, is no exception. The app is the first of its kind in Ethiopia, allowing customers to open bank accounts without the need for a physical presence at a bank branch.

January 14, 2023 • By Addis Insight

Business

Kazana Fund launches an Angel Syndicate to invest in African founders

Kazana Fund announces the launch of its Angel Syndicate. This milestone is a major move for Kazana Fund on its mission to democratize access to capital and network for exceptional African founders and accelerate the growth of Africa’s digital economy. “We aim to build wealth through innovation and startups in the continent starting from Ethiopia. We

January 2, 2023 • By Addis Insight

Business

Yene Guzo among the four winners of the DT4A Innovation Challenge

Addis Ababa (June 14, 2022)—Today the Digital Transport for Africa (DT4A) initiative, led by WRI and partners and funded by the French Development Agency (AFD), selected four winners of the first-ever DT4A Innovation Challenge. From private companies to universities and NGOs, these initiatives are helping shift transportation toward more sustainable, equitable results through open data, particularly in the

June 18, 2022 • By Addis Insight

Entrepreneurship

Meskerem Yemaneh Kahsay has become the 2022 AYuTe Ethiopia Challenge Champion

Heifer Project International organized the final event of the 2022 AYuTe Ethiopia Challenge where the Top-5 Finalists compete on a pitch competition held at Elilly International Hotel on 13 June 2022, Addis Ababa. In this final-round pitch competition,Meskerem Yemaneh Kahsay, 27 years old BSc holder in Automotive Engineering from Bahirdar University, has become the 2022

June 17, 2022 • By Addis Insight

Business

Ministry of Innovation & Technology Sets Up More than 16 Tech Hubs

Ministry of Innovation and Technology says more than 16 technology incubation centers have been set up in different cities of the country. More than 16 technology incubation centers have been set up in Addis Ababa and other regional cities, according to the Ministry of Innovation and Technology. The new science, technology and innovation policy has

June 6, 2022 • By Addis Insight

Business

Bethlehem Tilahun Inducted into the Global Business Hall of Fame

Bethlehem founded soleRebels when she saw skilled artisans in her community in Zenebework living with chronic unemployment. soleRebels allows them to showcase their skills and provides sustainable jobs. Since it opened in 2005, soleRebels has flourished. The company has grown to 300 employees in Ethiopia, and products are distributed to 30 countries worldwide, including through

June 4, 2022 • By Addis Insight

Entrepreneurship

Meet the three startups selected Orange Fab

Orange Fab Ethiopia, Orange’s start-up accelerator situated in Orange Digital Center Ethiopia, is happy to present its first batch of start-ups that are now undergoing its acceleration program. The accelerator’s purpose, as previously stated, is to create opportunities for entrepreneurs to increase their growth potential. The selected start-up companies are Smilepay Global, EPhone and Tikus

June 3, 2022 • By Addis Insight

Entrepreneurship

Zmall delivery app to represent Ethiopia at North Star Dubai event

On May 23rd 2022, NorthStarDubai Ethiopia took place at the Marriott Addis, an event organized by Laurendeau & Associates and the Dubai World Trade Center where ten of the best Ethiopian growth startups pitched in front of renowned judges and a large audience of government officials, local entrepreneurship ecosystem actors, investors, development partners, representatives from

May 26, 2022 • By Addis Insight

Business

Ride: Driving out of dominance?

  Ride, the byproduct of Hybrid Design, became the first of its kind by being a mobility service platform in Ethiopia. It is currently one of the biggest ride-sharing applications in Ethiopia . It didn’t start profits right away, it took some time to adjust the market

May 26, 2022 • By Addis Insight