Author: Staff Writer

Addis Ababa, Ethiopia (22 March 2023) Sophia Bekele, the Founder and Group CEO of DotConnectAfrica, has been featured on the cover story of CIO Views, a US-based magazine, for their special IWD23 edition. The publication has recognized Sophia as an influential and fearless trailblazer in the technology industry, who leads her business on her own terms. Sophia Bekele is a successful Ethiopian entrepreneur who has made a name for herself in tech and is considered a highly esteemed executive in both the public and private sectors, with expertise in international policy, corporate governance, technology, and development challenges. Her innovative journey…

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Addis Ababa, Ethiopia (21 March 2023) Safaricom’s entry into Ethiopia’s telecommunications market has led to significant improvements in services and pricing for consumers, according to industry experts. The Kenyan telecoms giant launched its services in Ethiopia in October 2022, as part of a consortium which paid a combined $850 million as a license fee to operate in Ethiopia and plans to invest another $8 billion over the next decade. As a result of the entry of new competition, the incumbent Ethio Telecom has been forced to improve its services and pricing, benefiting local businesses and entrepreneurs. For instance, mobile internet…

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Addis Ababa, Ethiopia (17 March 2023) Invest Ethiopia 2023, the leading investment conference in Ethiopia, is scheduled to be held at the Skylight Hotel in Addis Ababa from April 26th to April 28th. The event, organized by the Ethiopian Investment Commission (EIC), will bring together government officials, policymakers, and investors to discuss investment opportunities in Ethiopia and explore partnership opportunities. This three-day event promises to be an unmissable opportunity for attendees to explore investment opportunities in Ethiopia, network with fellow investors and industry leaders, and gain insights into the latest policy reforms and market trends. The program features a variety…

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Addis Ababa, Ethiopia (16 March 2023) The German Federal Ministry for Economic Cooperation and Development (BMZ) has launched the “Decent Work for a Just Transition” program under the Invest for Jobs brand to improve economic conditions and create more and better job opportunities in selected African partner countries, including Ethiopia. The program is supported by German non-profit organization, Sequa, and focuses on increasing the competitiveness and productivity of Ethiopian SMEs, particularly women-owned businesses. The program offers flexible and demand-oriented funding for machine and equipment, management consulting, technical training, and financial competence/business plan development. The program targets SMEs in three categories:…

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Addis Ababa, Ethiopia (16 March 2023) The Addis Ababa city administration has signed an agreement with developers to build 100,000 houses in a bid to address the housing shortage in the city. The 70/30 housing development program is a partnership between the government and the private sector. The mayor stated that various housing development options have been implemented to match the housing demand and supply. The program aims to establish a legal framework and institutional arrangements by discussing with investors to ensure success. Out of 150 proposals, 68 developers were selected based on clear criteria set by the committees from…

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Addis Ababa, Ethiopia (16 March 2023) The Africa’s Business Heroes (ABH) Prize Competition, an initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, has launched its fifth annual edition and is now accepting applications from Africa’s entrepreneurial talent. The competition, which is part of the Jack Ma Foundation’s commitment to fostering a strong and inclusive entrepreneurial ecosystem in Africa, aims to recognize 100 African entrepreneurs over a 10-year period. The ABH Prize Competition is sector-agnostic, inclusive, and grassroots-oriented, and entrepreneurs from all 54 African countries are encouraged to apply for a chance to become one of the top 10…

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Addis Ababa, Ethiopia (16 March 2023) OpenAI has once again raised the bar in the field of natural language processing with the release of its latest model, GPT-4. Released on March 14, 2023, GPT-4 is the most advanced version of the popular chatbot, ChatGPT, and it promises to revolutionize the way we interact with AI. One of the most exciting features of GPT-4 is its multimodal API, which accepts images as inputs to generate captions, analyses, and reviews. Another impressive aspect of GPT-4 is its ability to analyze the contents of images, a feature that has not yet been released…

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Addis Ababa, Ethiopia (15 March 2023) The Ethiopian Ministry of Innovation and Technology (MinT) and the Japan International Cooperation Agency (JICA) are shaking things up with their latest initiative to boost the country’s economy. The Next Innovation With Japan (NINJA) Acceleration Program is set to support innovative startups and their potential to solve sectorial problems using emerging technologies. Following the program’s launch in 2022, nearly 100 Ethiopian startups submitted applications to compete in a multi-stage, multi-month acceleration competition. Six startups were ultimately selected to participate in the program, with the potential to drive sectors such as agriculture, tourism, logistics, and…

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Addis Ababa, Ethiopia (15 March 2023) In a major development in the fight against COVID-19 and other infectious diseases on the African continent, the first batch of equipment for BioNTech’s vaccine and drug factory has arrived in Kigali, Rwanda. The arrival of the BioNTainers, which are expected to help advance mRNA-based vaccine research, marks a major milestone in the establishment of scalable mRNA vaccine production in Africa. The BioNTainers arrived in Rwanda on a huge Antonov plane from Europe and were received by senior officials. According to the Minister of Health, Dr. Sabin Nsanzimana, the arrival of the equipment marks…

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Addis Ababa, Ethiopia (15 March 2023) Thee Ethiopian Capital Market Authority (ECMA) and Bloomberg have announced a financial roundtable discussion to be held at the Sheraton Hotel in Addis Ababa. The event will bring together representatives from banks, insurance companies, and other financial institutions to explore ways to access international markets. With global interest in the development of domestic markets in Ethiopia, financial institutions are looking for ways to expand their reach beyond the country’s borders. The experts from Bloomberg and ECMA aim to present a range of solutions that will enable domestic financial institutions to access the international market.…

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