Issue 119: Hidden Figures

Hello,

Here are the stories to come out of Ethiopia's innovative ecosystem over the past week.If you are here because someone forwarded you this email, you can subscribe here to get future newsletters.

Ethiopia: Africa’s Hidden GiantAccording to The Big Deal, Ethiopian startups raised $3 million last year. However, this figure may not accurately reflect the actual amount, as the sum raised could potentially reach $25 to $35 million, states Tech Safari. Read more.

Safaricom Partners with Ethiopian Airlines, to Offer M-PESA as Travel Payment OptionLast week, Safaricom M-PESA Mobile Financial Services announced its partnership with Ethiopian Airlines Group to integrate M-PESA into Ethiopian Airlines’ fly gate payment system. Read more.

Siblings Launch All-in-One Event Management PlatformEthiopian startup Awura Computing, co-founded by siblings has launched Owl Events—an all-encompassing web and mobile app-based event management platform. Read more.

An Overview of Ethiopia’s National Bank New Strategic Plan 2023-2026Tewodros Tassew offers an overview of Ethiopia’s National Bank's new strategic plan, which aims to achieve several key goals, including maintaining low and stable inflation, boosting foreign exchange reserves, and bridging the significant disparity between official and parallel market rates. Read more.

Presenting Ethio Telecom's Half-Year Performance from Shega Insights.

€12 Million Capital to Establish Fashion Skill Park, Incubator Hub in EthiopiaA €10 million loan and a €2 million grant have been launched to finance a skill park for fashion and design in Addis Ababa and an enterprise incubator hub in Jimma town, Oromia Regional State. Read more.

Dire Dewa Gets 5GThe eastern city of Dire Dewa has become the fourth city in Ethiopia to receive a 5G connection from Ethio Telcom, following Addis Ababa, Adama, and Jijiga. Read More.

Ethiopian Tourism Tech Startup Zagol Launches Travel Platform Ethiopian tourism tech startup Zagol has officially launched its platform, enabling travelers to plan and book their trips, covering everything from flights and hotels to car rentals and tours. Read more.

Here is what we've been reading:

Sony is making a bold bet on an African gaming startup to boost PlayStation’s reach in the continentMoniepoint processed more than 5 billion transactions in 2023Predatory loan apps are thriving in the Google Play store, despite banIf you are here because someone forwarded you this email, you can subscribe here to get future newsletters.