staff writer

Ethio Telecom Accelerates Growth on Digital Push as Telebirr Sets New Records

State-owned telecom provider Ethio Telecom has reported its fastest profit and revenue growth in years, driven by rising demand for digital services across Ethiopia. Meanwhile, its mobile money unit Telebirr continues hitting milestones that are deepening financial inclusion in the nation. Ethio Telecom announced this week that net profit jumped 21 percent to 21.8 billion […]

Ethio Telecom Accelerates Growth on Digital Push as Telebirr Sets New Records Read More »

Tear Down This Border

Erase Border, Erase Old Grievances with Fresh Ethiopia-Eritrea Start By Zelalem Tamir When I first visited Eritrea almost six years ago, shortly after the surprising peace agreement between the two countries, the optimism and goodwill between Ethiopians and Eritreans was palpable. The streets of Asmara were filled with celebrations as peoples from both countries mingled

Tear Down This Border Read More »

New Ethiopian Platform Connects Ethiopian Fans Directly with Celebrity Talent

Zemeo, a pioneering Ethiopian startup, is bringing the popular Cameo-style celebrity video message platform to the East African nation. Founded just 9 months ago, Zemeo has already signed up an impressive roster of 134 celebrities across various industries – from top Instagram influencers like Hanan Tarik to 90s entertainment sensations like Abent Agonafir. The platform

New Ethiopian Platform Connects Ethiopian Fans Directly with Celebrity Talent Read More »

SACCOmania Sweeps Addis Ababa

Flexibility sought as sector’s loans, members multiply. Savings and credit cooperatives (SACCOs) have become major players in Ethiopia’s financial landscape, filling an important gap in access to credit left unmet by traditional banks. As consumer demand for loans has intensified in recent years, particularly to purchase vehicles and housing, SACCOs have experienced rapid growth by

SACCOmania Sweeps Addis Ababa Read More »

Prolonged Drought for Insurers

3+ Years Pass Without a Single New Entrant in Ethiopia’s Neglected Sector While Ethiopia’s banking sector boomed with player numbers doubling, its insurance industry stagnated over six years despite premiums skyrocketing. Only one new insurer entered despite a 25 billion birr premium jump. Insurers face obstacles like inflation eroding margins, regulatory barriers hindering innovation, and

Prolonged Drought for Insurers Read More »

Scroll to Top