New Guarantee Helps Coop Unlock Billions in Collateral-Free Loans for MSMEs

After securing a half-billion-birr (10 million dollars) portfolio guarantee from FMO, the Dutch Entrepreneurial Development Bank, the Cooperative Bank of

List of FinTech Startups in Ethiopia

This is an excerpt from the 2023 Startup Ecosystem Report, a collaboration between Shega, JICA, and MInT, that offers a

My Ekub Expands Service to Include Public Equbs

Sevenfold Trading, one of the local startups digitizing traditional peer-to-peer saving groups with its app My Ekub, is expanding its

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 a digital savings and lending platform. Launched last

Hidden Transaction Fees Hamper Ethiopia’s Digital Financial Progress

Confused by hidden fees in your digital transactions? You’re not alone! Digital financial services are booming in Ethiopia, but many

Chapa Secures Spot in Visa’s Africa Fintech Accelerator Program

Fintech startup Chapa has been selected for the second cohort of Visa’s Africa Fintech Accelerator program.  Chapa, which is among

Mastercard Foundation, Kifiya Partner on $100 Million Initiative to Unlock Finance for MSMEs in Ethiopia

The Mastercard Foundation, in partnership with Kifiya Financial Technology, launches a $100 million program that aims to make uncollateralized digital

Understanding the Rationale Behind Commercial Bank of Ethiopia’s New Banking Fees

In a recent article titled “Is the Commercial Bank of Ethiopia’s Introduction of New Banking Fees Justified?” by Omer Hussein,