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StartupIn a landmark achievement for Ethiopia’s growing fintech sector, Chapa has secured 3rd place at the Supernova Challenge 2.0, Africa’s largest early-stage startup pitch competition, held during GITEX AFRICA 2025. The competition, modeled after Dubai’s Expand North Star—the world’s largest startup event—returned this year with even greater momentum, attracting hundreds of groundbreaking startups from across
StartupNUNA Ethiopia, in partnership with the Japan International Cooperation Agency (JICA), has officially launched ADMAS Chatbot, an innovative AI-driven tool designed to streamline the creation of Lean Canvas, Business Models, and Business Plans for startups, SMEs, and entrepreneurs across Ethiopia. The launch event highlighted the collaborative effort behind ADMAS and its potential to transform the
StartupIn a significant development for Ethiopia’s entrepreneurial and small business ecosystem, Kuramo Capital Management has been selected as the fund manager for the Enterprise Financing Facility (EFF). This announcement follows a competitive bidding process led by the United Nations Development Programme (UNDP) and signals a bold step forward in transforming capital access for Ethiopian small
StartupThe Federal Democratic Republic of Ethiopia has unveiled a draft policy aimed at building a thriving startup ecosystem across the country. Developed by the Startup Ethiopia Ministerial Committee Technical Team, the “Startup Ecosystem Development Policy Document” provides a comprehensive framework to support startups at every stage of their journey — from initial ideation to market
StartupEthio telecom, in partnership with Visa Inc., has introduced Ethiopia’s first wallet-based Virtual Visa Card, along with services aimed at enhancing remittances through Visa Direct and telebirr Remit. The agreement, signed between Ethio telecom and Visa Inc., marks a significant step in the expansion of digital financial services in Ethiopia. The new services include the
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BusinessAliExpress, a major online retail service owned by Alibaba Group, is set to enter the Ethiopian market, according to Abiyot Bayu (PhD), a Senior Advisor to the Minister of Innovation and Technology. In an interview with Shega, Dr. Abiyot confirmed that an agreement has been reached, and an official announcement will be made soon. This
StartupA discussion was held regarding the details of the Startup Proclamation, which is currently being developed to create a more conducive environment for the startup ecosystem in Ethiopia. The meeting was attended by senior officials from two key institutions, including the Minister of Innovation and Technology, Dr. Beleta Molla, and the Director General of the
StartupThe Global Innovation Initiative Group (GIIG) will host the inaugural Ethiopian Startup Awards, a Global Startup Awards Africa event, in Addis Ababa on June 3-4, spotlighting Ethiopia’s burgeoning startup ecosystem. This two-day event, organized by GIIG in collaboration with the Ministry of Labor and Skills (MOLS), the Ministry of Innovation and Technology (MINT), and the
BusinessQuick Takeaways: According to a study by Harvard Business School professor Shikhar Ghosh, approximately 75% of venture-backed startups fail. Yet some entrepreneurs manage to defy the odds and build thriving companies out of groundbreaking ideas. So what’s their secret sauce? In many cases, embracing the lean startup model is the key ingredient. Even startups in
