Issue 75: AU Under Cyberattack, ZayRide Goes Public & More

Dear subscribers,Welcome to this week's edition of our newsletter on Ethiopia's startup ecosystem. The past week started off slow, but things quickly picked up as some important stories emerged from the sector.We hope you enjoy reading this week's edition of our newsletter and stay updated on the latest developments in Ethiopia's vibrant startup ecosystem.If you are here because someone forwarded you this email, you can subscribe here to get future newsletters.

AU Headquarters Hit by CyberattackThe African Union headquarters has suffered a cyberattack that has required the temporary closure of its network and the suspension of several functions for over a week. Read more.

ZayRide Goes Public with 100 Million Br in MindRide-hailing platform ZayRide has announced that it’s going public and has started selling shares, with a total of 100,000 being made available. Read more.

Arifpay Relies on Partnerships to Introduce Digital Payments to Ethiopia’s Neighborhood Merchants, ShopsExploring the link between infrastructure and innovation: Fintech startup Arifpay aims to empower Ethiopia’s MSMEs by offering an efficient and cost-effective digital transaction system and is banking on commercial partners to achieve its goals. Read more.

Medtech Startup Relaunches PlatformMedstore Trading, a startup that works in the healthcare sector, has announced the relaunch of its digital platform, which serves as a one-stop digital shop for buying and selling medical equipment. Read more.

ALX’S "Womxn And Tech Initiative" Set to Help Bridge the Tech Gender Gap in AfricaIn celebration of International Women’s Day (IWD), which took place on March 8, ALX announced its first dedicated software engineering cohort for women, enabling thousands of women in Ethiopia and across Africa to participate in the global technology revolution and helping to transform the tech status quo throughout the continent. Read more

Wegenfund Expands Crowdfunding Platform to Support StartupsThe crowdfunding platform Wegenfund, which was initially launched to support charities, religious organizations, and individuals with medical emergencies, has now expanded its services to include startups and businesses. Read more.

Here is what we've been reading:

Experts say entrepreneurship, not aid, is key to Ethiopia’s futureSafaricom is being sued by its customersHSBC acquires Silicon Valley Bank UK in last-minute deal, says all depositors’ money is safeIf you are here because someone forwarded you this email, you can subscribe here to get future newsletters.