Issue 177: Winners & Losers
Shega Media
Shega is in the business of demystifying the African economy through Integrated Media, Data, and Intelligence.
Addis Ababa Revenue Bureau Bars 62 High-Taxpayers from Travel Due to Unpaid Taxes Totaling 3.2 Billion Br
The Addis Ababa Revenue Bureau has forwarded the names of 62 tax defaulters, owing 3.2 billion birr, to immigration services for travel restrictions. In a statement issued on March 5, the Bureau stated that despite “repeated calls,” the individuals have “been unwilling to pay their debts. Read more.
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Economist Turned Engineer Secures 18.6 million Br for Tigray-Based Manufacturing Enterprise
A manufacturing enterprise based out of Tigray Regional State secures $150,000 in equity financing from Impacc, a philanthropic venture capital investment firm. Read more.
Little Ethiopia, Lion Insurance Partner for Digital Insurance Product in Ride-Hailing Industry
A landmark partnership between ride-hailing company Little Ethiopia and Lion Insurance introduces insurance coverage for passengers and drivers covering up to one million birrs in claims. Read more.
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Southwest Ethiopia People’s Regional State Revokes 32 Gold Mining Licenses
The Southwest Ethiopia Peoples’ Regional State's Mining and Energy Development Agency has revoked the licenses of 32 gold mining producers in the region during the current fiscal year. Read more.
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Ethiopia’s Government Tackles Unease of Doing Business with Integrated Digital Platform
In a bid to improve Ethiopia’s ease of doing business, the Ministry of Innovation and Technology (MinT) has expanded its digital portal to provide access to 10 government services. Read more.?
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AU Reports 137,000 Annual Deaths Linked to Foodborne Diseases in Africa
The African Union (AU) has called for strengthened regulatory frameworks and enhanced collaboration among African nations to ensure safer food systems and reduce the burden of foodborne illnesses, which claim an estimated 137,000 lives across the continent each year. Read more.
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Addis Pay Caps Three-Year Fintech Journey with a Nod from Ethiopia’s Central Bank
Nearly three years after receiving an operational license from the National Bank of Ethiopia (NBE), Addispay Financial Technology S.C. obtained the final green light for a commercial payment gateway.?Read more.?
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Statistical Service Estimates Population at 109 Million in 2024
A report from the government statistics agency estimates that Ethiopia’s population had reached 109.4 million by July 2024, contradicting data from other sources and statements from officials that cite significantly higher figures. Read More.
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Commercial Bank of Ethiopia Adjusts Loan Interest Rates Amid Market Reforms
The Commercial Bank of Ethiopia (CBE) has announced adjustments to its loan interest rates, effective March 7, 2025.?Read more.
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Healthcare Startup Debuts Prescription Platform
A healthcare startup looks to digitize the management of medical prescriptions through an e-prescription system that allows patients to directly link with pharmacies. Read more.?
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Managing Partner, USP Holdings
2 天前Thank you, Shega Media for your insightful articles and coverage of Medrafa. We are excited to have joined the digital health arena and to be providing an impactful solution for the community.