Tech

The Economic Impact of VPN Usage in Countries Like Ethiopia

The widespread use of Virtual Private Networks (VPNs) in countries like Ethiopia, where internet access and social media platforms are frequently blocked or restricted by the government, has a significant impact on telecom companies and the overall economy. VPNs offer some important benefits for economic growth, such as promoting online freedom, fostering innovation, and supporting

March 24, 2023 • By Addis Insight

Tech

Changing the Game: Telebirr Super App’s Launch Signals Major Shift in Ethiopia’s Mobile Money Landscape

In a bid to stay ahead of the competition in Ethiopia, Ethio Telecom has transformed its mobile money platform, telebirr, into a super app offering a wide range of services in a single interface. The app, set to be unveiled today at the Science Museum, provides users with access to e-commerce, food delivery, entertainment, utility

March 23, 2023 • By Addis Insight

Business

Meet the 11 Impactful Startups of Venture Meda Accelerator’s First Cohort, Empowering E-Commerce in Ethiopia!

Venture Meda, a collaborative effort between the Mastercard Foundation, Ministry of Innovation and Technology, and iceaddis, has launched its first cohort of eleven promising startups with the potential to build the e-commerce of tomorrow. The program aims to create sustainable jobs in Ethiopia by revamping support to MSMEs and focusing on high-yield sectors. The startups

March 21, 2023 • By Addis Insight

Business

Ethiopia Proposing $150 Million License Fee For M-Pesa and Other Mobile Operators

The National Bank of Ethiopia, the country’s industry regulator is proposing a $150 million license fee from M-Pesa and other mobile operators who want to set up shop in the country. In a draft proposal signed by Solomon Damtew, the Payment and Settlement System Director at the National Bank of Ethiopia, the regulator is referring to the $150 million fee as an

February 20, 2023 • By Addis Insight

Tech

Ethio Telecom company officially launched its Ethiotel Innovation program

Ethio Telecom company officially launched its Ethiotel Innovation program which is designed to empower our Nation’s Technology-based Startups! Ethiotel innovation program is designed to address the challenges that any startup businesses would face such as market penetration, customer attraction and retention, acquiring experts and finance etc and enable business ideas at conception to be realized

February 6, 2023 • By Addis Insight

Business

Ethiopian Airlines Inaugurates a second Aviation Academy Campus in Hawassa

Ethiopian Airlines Group, the largest aviation group in Africa, inaugurates a new aviation training center in the city of Hawassa. The new aviation training center in Hawassa will serve as the second campus for Ethiopian Aviation Academy and will currently be providing pilot trainee programs.The facility accommodates different types of classrooms, three training simulators, three

February 6, 2023 • By Addis Insight

Business

CBE Introduces Digital Foreign Currency Remittance Service: EthioDirect

The Commercial Bank of Ethiopia (CBE) has unveiled a new digital foreign currency remittance service named EthioDirect. This move by the CBE is aimed at modernizing the process of money transfers and making it more accessible and convenient for customers. According to Ato Abe Sano, the President of CBE, the platform has been designed to

January 30, 2023 • By Addis Insight

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

News

Djibouti to Build Africa’s First Satellite Launch Facility

The partnership between Djibouti and Hong Kong Aerospace Technology is significant as it marks the first time that an African country will have the capability to launch satellites from its own soil. Currently, African countries must rely on other countries to launch their satellites, which can be costly and logistically challenging. The new facility, which

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