African BPO Giant CCI Global to Resume Operations in Ethiopia

CCI Ethiopia, a local branch of CCI Global, one of the largest business outsourcing (BPO) companies in Africa, is set to resume operations after a temporary shutdown at the end of last year.

https://shega.co/post/african-bpo-gaint-cci-to-resume-operations-in-ethiopia/

@shegahq

Are you loan-ready? This set of questions will walk you through the Development Bank of Ethiopia (DBE) lending requirements. Take the quiz to test your loan readiness!

Take the quiz and leave your responses below in the comment section.

Quiz 1: Loan Fundamentals (True or False) Test your knowledge of general loan eligibility criteria.
Quiz 2: Project Specifics (Multiple Choice): Dive deeper into project-specific requirements for loans like agro-processing and industrial ventures.

For valuable data and actionable insights on digital finance, please visit https://digitalfinance.shega.co/. #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia

Addis Ababa’s Startup Ecosystem Climbs to 10th in Africa: StartupBlink

The startup ecosystem in Addis Ababa has grown “considerably”, rising to 10th place in Africa in this year's Global Startup Ecosystem Index by StartupBlink.

https://shega.co/post/addis-ababas-startup-ecosystem-climbs-to-10th-in-africa-startupblink/

@shegahq

Subscribe! to DFS Ethiopia Hub for real-time news, insightful regulatory analysis, and access to cutting-edge research from leading organizations. 

For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia

Addis Ababa’s Vital Registration Embraces Telebirr

The Addis Ababa Civil Registration & Residency Service Agency (CRRSA) is transitioning to a cashless system accepting payments only through telebirr starting next year.

https://shega.co/post/addis-ababas-vital-registration-embraces-telebirr/

@shegahq

In regions hosting refugees, access to traditional banking services can be a challenge. Digital financial services (DFS) are emerging as a potential solution in Ethiopia's Somali region, which is home to a large refugee population exceeding 200,000.

For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia

New App Dire MFI Brings Non-Collateral Loans to Eastern Ethiopia

Mobile money service provider Kacha Digital Financial Services and Dire Microfinance Institution have partnered to launch Dire MFI, a digital saving and lending platform that enables residents of the eastern region to access two types of non-collateral loans.

https://shega.co/post/new-app-dire-mfi-brings-non-collateral-loans-to-eastern-ethiopia/

@shegahq

According to data from the National Bank of Ethiopia, as of March 2024, mobile money accounts have reached 90 million.  

What are your thoughts on this trend ?

For valuable data and actionable insights, please visit https://digitalfinance.shega.co/data-hub/dashboard 
#DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia

Safaricom, Gebeya to Train Ethiopian University Students Offering Perks

Safaricom, in partnership with Gebeya Inc., has announced the launch of the Safaricom Talent Cloud, a platform designed to empower tech professionals and entrepreneurs in Ethiopia.

https://shega.co/post/safaricom-gebeya-to-train-ethiopian-university-students-offering-perks/

@shegahq

R&D Group Scales Business Support with New Platform

R&D Group, a veteran outsourcing and enterprise development organization, has developed a new digital support hub called SHARE, targeting micro, small, and medium enterprises (MSMEs).

https://shega.co/post/rd-group-scales-business-support-with-new-platform/

@shegahq

Recent data shows that the combined assets, deposits, and capital of Awash Bank, Bank of Abyssinia, Cooperative Bank of Oromia, Dashen Bank, and Hibret Bank account for a significant portion of the national totals.

The steadily increasing market shares of these 5 banks point to a more competitive banking landscape developing in Ethiopia.

For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia

Finalize your Gig-Innovate applications and submit today!

This unique program offers:

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- Expert Advisory Support: Receive guidance from industry leaders.

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Think this might be for you? Tap this link (also available in the bio) http://mesirat.acceleratorapp.co/application/new?program=mesirat-entrepreneurs-application-form-project-X to apply!

Note: Application Deadline Jun 10, 2024

#MesiratEthiopia #SmallBusiness #Grow #BusinessDevelopment

Partner Content

Ethiopia Cuts Costs with Local Aerial Survey Partnership

The Space Science and Geospatial Institute has partnered with National Airways, a private airline based in Addis Ababa, to capture aerial images using local planes, saving millions of birr annually.

https://shega.co/post/ethiopia-cuts-costs-with-local-aerial-survey-partnership/

@shegahq

Data from the Ethiopian Communications Authority (ECA) shows a significant increase in foreign investment within the country's telecommunications sector.

Annual foreign direct investment (FDI) in telecommunications services (fixed, mobile, and internet) has grown steadily, from 1.7 billion birr in 2017 to 17.4 billion birr by 2022. This trend aligns with Ethiopia's recent policy reforms to attract foreign investment into its telecommunications sector.

For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia

Safaricom Ethiopia Starts Commercial Operations in Tigray Region

Safaricom announces the launch of commercial operations in Tigray region.

https://shega.co/post/safaricom-ethiopia-starts-commercial-operations-in-tigray-region/

@shegahq

Reach for Change Unveils First Cohort of Edtech Fellows

The selected edtech startups will receive a range of benefits, including one-on-one coaching from specialists, peer learning sessions, investor advisory, insights into the science of learning, and $60,000 in equity-free funding for each startup.

https://shega.co/post/reach-for-change-unveils-first-cohort-of-edtech-fellows/

@shegahq

Kubik Paved the Way, Can Other Ethiopian Startups Follow?

In 2023, Kubik was named Startup of the Year at the Global Startup Awards. In 2024, 68 local startups are eyeing the same honor.

https://shega.co/post/kubik-paved-the-way-can-other-ethiopian-startups-follow/

@shegahq

The National Bank of Ethiopia's draft policy document outlines four key entry points for foreign entities to participate in the banking sector. These entry methods include subsidiaries, representative offices, branches, and share acquisition in existing and new banks.

For valuable data and actionable insights on Digital Finance, please visit https://digitalfinance.shega.co/data-hub/dashboard  #DigitalFinance #AKOFADA #FinancialInclusion #Ethiopia

Ethiopian Federal Agency Deploys ERP to Overhaul $1 Billion Drug Supply Chain

Ethiopia’s federal agency responsible for supplying pharmaceuticals and medical equipment to health institutions with a revolving fund of one billion dollars has deployed an Enterprise Resource Planning (ERP) system to streamline its operations.

https://shega.co/post/ethiopian-federal-agency-deploys-erp-to-overhaul-1-billion-drug-supply-chain/

@shegahq

Ethiopia Paves the Way for Central Bank Digital Currency, Banking Revolution

The Council of Ministers today approved a draft proclamation that establishes a legal framework for the introduction of a central bank digital currency (CBDC) in Ethiopia

https://shega.co/post/ethiopia-paves-the-way-for-central-bank-digital-currency-banking-revolution/

@shegahq