Issue 89: Inaugurations & Shutdowns

Hello, 

Welcome to Shega Weekly, your go-to source for the latest updates on Ethiopia's thriving innovation ecosystem. As we kick off the week, we are excited to bring you a curated collection of captivating stories that provide an in-depth insight into the most recent developments within the local startup scene. So, let's dive right in!

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Ethiopian Startups to Pitch in JapanThe Japan International Cooperation Agency (JICA) and the Ministry of Innovation and Technology of Ethiopia (MinT) are announcing an upcoming Ethiopian startup pitch event, which will take place in Japan.  Read more.

Africa Digital Summit Held in CapitalThe 7th Innovation Africa Digital Summit, centered around the theme "Digital Africa", was held in Addis Ababa last week. The two-day summit provided a platform for policymakers, regulators, service providers, and major end users from across Africa to come together and cultivate opportunities for collaboration. Read more.

Prominent Ethiopian Online Marketplace, Qefira, Shuts Down Following AcquisitionQefira, one of Ethiopia’s prominent online marketplaces, has ceased its operations after its new owners made the decision to shut it down. Read more.

Wingu Africa Inaugurates Data CenterWingu Africa, a prominent new player in Ethiopia's digital economy catering to data center demands, has inaugurated its facility at ICT Park in Addis Ababa. Read more.

Fintech Startup SantimPay, Berhan Bank Deploy mPOS MachinesFintech startup SantimPay has partnered with Berhan Bank to deploy the first mobile-point-of-sale (mPOS) machines accessible to the public in Ethiopia. Read more.

Ethiopian E-commerce Platforms Buy2Go, Zmall Set Sight on Merger, Agri Supply ChainIn a strategic move to consolidate their respective market strengths, two Addis Ababa-based e-commerce platforms, Zmall Delivery and Buy2Go, are initiating a merger and expanding their operations into the agricultural supply chain. Read more.

Ethio-Danish Fintech Startup Jamii.one Raises €200,000 in Just One DayJamii.one, a Denmark-based fintech startup serving traditional savings communities in Ethiopia, has announced that it has surpassed its fundraising goal of €200,003 (11.7 million birr) in just one day. Read more.

Here is what we've been reading:

Apple’s biggest competition in India? Used iPhone sellersOverview of the Key Legal Issues and Protections on Data Protection in EthiopiaWargraphs, a gaming startup with only one employee and no outside funding, sells for $54MIf you are here because someone forwarded you this email, you can subscribe here to get future newsletters.