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TechAI-powered digital lending platform Optasia is preparing to expand into Ethiopia as part of a broader push into two of Africa’s largest underserved credit markets, with Egypt also on its expansion roadmap. The company, which provides AI-driven microloans, working capital financing, and airtime advances to unbanked consumers and small businesses, says it sees significant opportunities
Crypto NewsGlobal cryptocurrency exchange Binance has restored access to its platform for users in Ethiopia through state-owned telecom provider Ethio telecom, following what the company described as successful regulatory engagements with local authorities. The update was communicated directly to users on Tuesday through an official notice, which read: “Hi Binancian, Thank you for your patience and
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TechElon Musk has become the first person in history to achieve a net worth exceeding $1 trillion following the successful public listing of SpaceX on the Nasdaq Stock Market. SpaceX shares opened at $150 per share on Friday, valuing the aerospace and satellite communications company at more than $1.8 trillion. The listing significantly boosted Musk’s
TechArtificial intelligence company Anthropic has confidentially filed for an initial public offering (IPO) in the United States, becoming the latest AI giant to take steps toward entering public markets. The company announced that it has submitted a draft registration statement to the U.S. Securities and Exchange Commission (SEC) for a proposed IPO. Details regarding the
Crypto NewsTelegram’s built-in crypto platform, Wallet, has announced that it will discontinue peer-to-peer (P2P) cryptocurrency trading services involving the Ethiopian Birr (ETB) starting June 2, 2026, citing regulatory requirements in Ethiopia. In a notice shared with users, Wallet stated that all active ETB-denominated P2P advertisements will be removed from the platform after the effective date, while
TechA new digital education ecosystem aimed at transforming Ethiopia’s school system was officially launched on Monday in Addis Ababa by Arifpay in partnership with Gebeya, AIT, and EducationMatters. Called ArifSchool, the platform brings together digital payments, school management systems, AI-powered learning tools, and education consulting services under one integrated ecosystem. The consortium says the initiative
BusinessSafaricom Ethiopia Telecommunications PLC delivered one of its strongest performances yet in the 2025/26 financial year, posting rapid customer growth, surging revenues, and sharply narrowing losses as the telecom operator moves closer to a profitability inflection point. The company’s revenue rose 58.3 percent year-on-year to KShs 14.1 billion, underscoring the pace at which the business
BusinessVisa has inaugurated a new office in Addis Ababa, signaling a deeper commitment to Ethiopia and a broader strategic push across Eastern Africa. The new office marks a significant milestone for Visa, which has maintained a presence in Ethiopia for several years but is now scaling up its operations as the country’s financial sector continues
TechThe AI revolution is the most consequential infrastructure shift of our generation. It is also being built, almost entirely, for someone else. The question behind the question When people ask why AI can’t speak Amharic well, they usually expect a technical answer. They expect to hear about data scarcity, about the peculiarities of the Ge’ez
TechGlobal payments giant Mastercard is accelerating its footprint in Ethiopia’s fast-evolving fintech landscape, signing a series of strategic agreements with StarPay Financial Services S.C. and Choice Microfinance Institution S.C. in a move set to reshape the country’s digital payments and financial inclusion agenda. At the center of the announcement is a Reseller Partnership Agreement between
BusinessEthio telecom has signed a major network expansion and modernization agreement with Ericsson during the global telecom industry gathering, Mobile World Congress Barcelona, marking a significant step in strengthening Ethiopia’s digital infrastructure. The agreement forms part of Ethio telecom’s three-year “Next Horizon Strategy”, which aims to expand network capacity, improve service quality, and accelerate the
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BusinessIn a move that signals a new chapter for Ethiopia’s digital economy, M-PESA Ethiopia and Gebeya Inc. have unveiled the Dala AI Bundle, a subscription-based service that enables users to access and pay for advanced AI creation tools directly through their M-PESA wallets. The initiative eliminates one of the biggest barriers to digital tool adoption
