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- Issue 172: Tech Lab & Power Ambitions
Issue 172: Tech Lab & Power Ambitions
Hello,
The past week was exciting for the 18 Ethiopian startups that took a total of $610,000 home, from the Rift Valley Innovation Summit. Our news roundup also includes Italy’s investment in an incubation center, Ethiopia's ambitious plan for renewable energy, Abyssinia Bank's innovative coffee-integrated branch, an analysis of how financial inclusion extends beyond simply opening bank accounts, and more. Enjoy!
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Italy Invests $4.69 Million to Boost Ethiopian Tech Innovation
A 4.69-million-dollar (4.5 million Euro) grant to establish an incubation center for high-technology innovation enterprises has been availed by the Italian government. Read more.
AfDB, KPMG Proposes Resource-Backed Currency to Cut Dollar Dependence in African Energy Financing
The African Development Bank (AfDB) and KPMG South Africa have unveiled an ambitious plan to reduce Africa’s dependence on the US dollar and euro in financing energy projects, proposing a new mechanism backed by the continent’s vast mineral wealth. Read more.
Financial Inclusion Goes Beyond Just Opening New Accounts
Ethiopia’s financial inclusion ambitions should hinge on more than a surge in new accounts. While rising account numbers signal progress, they offer an incomplete picture without measuring usage, value-added services, or tangible impact. Read more.
Rift Valley Summit Crowns Lifeline Addis with $150,000 Prize
Lifeline Addis, a home-based healthcare startup, has emerged as a leading victor at the Great Rift Valley Innovation Summit (GRV Summit), securing $150,000 in grants in the Legacy Builders category. Read more.
Ethiopia’s Government Falls Short of IMF Indicative Target for Safety Net Program Contribution
Nearly two weeks before Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), is poised to visit Ethiopia, the Fund has released its second review of the four-year economic program. Read more.
Abyssinia Bank, Chaka Coffee Launch First Café-Integrated Bank
Abyssinia Bank and Chaka Coffee have unveiled Ethiopia’s first café-integrated banking experience, merging modern banking with a coffeehouse setting. The initiative was inaugurated on January 30 at Abyssinia’s headquarters on Leghar Gambia Road. Read more.
Low Mechanization, Improved Seed Access Hamper Ethiopia’s Agricultural Productivity
As Ethiopia undertakes a revised agricultural and rural development policy after two decades, enduring challenges such as low productivity, soil acidity, and outdated farming technology continue to hinder progress. Read more.
Ethiopia Sets Ambitious 13,000 MW Renewable Energy Goal by 2028
Ethiopia has set an ambitious goal to increase its electricity generation capacity to 13,000 megawatts by 2028, President Taye Atsek Selassie announced. Read more.
Architect Debuts Platform to Digitally Model Ethiopia’s Structural Heritage
Gmja is a platform that preserves designs of buildings with historical significance in a digitally curated archive. Demolitions have become common as the number of development projects increases across Ethiopia's cities. Read more.
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