Issue 124: Ecommerce Hub & Kazana's $10M Vision

Hello,

Here is your weekly recap of Ethiopia's innovative ecosystem!

Ethiopian Airlines Inaugurates E-Commerce Logistics FacilityEthiopian Airlines Group has launched a new e-commerce logistics facility at Addis Ababa Bole International Airport built for 50 million dollars. Read more.

eQub App Vaults to Finals at Mobile World Congress Pitch BattlesEqub has won the 4YFN pitch battle at World Mobile Congress 2024 that took place last week in Barcelona, Spain. Read more.

Ethiopia’s Kazana seeks $10m for pan-African venture-capital fundKazana Fund is currently in the process of raising a targeted $10m, of which it plans to invest 60% in Ethiopia, Kenya, Uganda, Tanzania, and Rwanda. Read more.

Capital Market Authority to Award Software Development Gig to Foreign FirmOfficials in charge of setting up the country’s maiden stock exchange have revealed that no less than 10 international firms have submitted bids to develop a monitoring software for the upcoming Ethiopian Securities Exchange (ESX). Read more.

Ethiopia Launches First National Electronic Cargo Tracking System to Combat Theft, Digitize LogisticsEthiopia’s first electronic cargo tracking and monitoring system has completed its testing phase and is poised to enter operational status. Read more.

Brothers Launch Inventory App Empowering SMEsAccording to Salim Mohammed, co-founder of Yene Stock, SMEs handle significant amounts of money and employ diverse workforces, yet they are among the least digitally supported players.Alongside his brother and cousin, Salim is behind an inventory management platform offering SMEs a local solution for their stock management needs.  Read more.

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Ethiopian Capital Market Authority Taps into INSA, Al, Digital ID for Technological SupportThe Ethiopian Capital Market Authority (ECMA) has partnered with the Information Network Security Administration (INSA), the Ethiopian Artificial Intelligence Institute, and the National ID Project Office to strengthen its technological infrastructure and safeguard investors’ interests. Read more.

Central Bank Launches Youth Enterprise ForumA financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week.The program aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. Read more.

Fashion Takes Center Stage Again with Creative DNA: Ethiopia 2.0The British Council, in partnership with Creative Hub Ethiopia, has announced the launch of Creative DNA: Ethiopia 2.0, an incubation program designed to empower early-stage fashion designers and propel them onto the global stage. Read more.

Here is what we've been reading:

The AI project pushing local languages to replace French in Mali’s schoolsZoho maintains local currency payments over dollar in Kenya and Nigeria as inflation risesHiwot Bishaw: A Journey from Ethiopia to AmazonIf you are here because someone forwarded you this email, you can subscribe here to get future newsletters.