Issue 73: Bank Buddies Needed

Hi,

Welcome to our latest newsletter! In this edition, we bring you updates on the National Bank of Ethiopia’s proposed directive, which has caused some concern. We also highlight a report by Africa Business Incubator Communities (BIC Africa) that maps out the entrepreneurship support ecosystem in Ethiopia and introduce Mn Ale Addis, a new event booking and ticketing application.

But first, we wanted to share with you some exciting news: EdTech Mondays, a monthly radio show by the Mastercard Foundation and Shega Media & Technology PLC that serves as a platform to facilitate critical conversations on using technology for teaching and learning in Ethiopia, has been extended for a year and is going national.

This comes as we secure airtime on 11 radio stations around the country under the Fana Broadcasting Corporation, expanding the reach and impact of the show for ten more episodes in 2023. Read more.

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NBE May Require Bank Partnerships for Mobile Money Platforms to Engage in Remittance

The draft directive proposed by the National Bank of Ethiopia to open Ethiopia’s mobile money market to foreign operators also suggests that mobile money platforms should partner with financial institutions if they want to provide international remittance services. Read more.

Nuna Ethiopia: The Latest Addition to Addis Ababa’s Booming Co-Working Scene

Nuna Ethiopia, a new co-working space and incubation center, has opened its doors to cater to Addis Ababa’s thriving freelancer and startup scene. Read more.

New Report Identifies 68 Organizations Promoting Entrepreneurship in Ethiopia

A new report by Africa Business Incubator Communities (BIC Africa) has mapped the support ecosystem in Africa, identifying 68 organizations and initiatives in Ethiopia whose activities focus on promoting entrepreneurship. Read more.

Mn Ale Addis: New Platform for Hassle-Free Events Emerges in capital 

Mn Ale Addis is an event booking and ticketing application that is on a mission to change the way events are planned and experienced in Ethiopia. Read more.