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Daily updates on Ethiopia’s dynamic business, finance, and technology sectors. Subscribe to LinkUp Premium startibg at only ETB 200 per month Instagram: instagram.com/linkupbusiness News Tips and Information: @linkupaddisofficial

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Opportunity Alert:

Creative Hub Jimma, part of Creative Hub Ethiopia, is currently accepting applications for its upcoming 3-month startup incubation program. This opportunity is open to early-stage innovators working in agritech, fashion design, and digital solutions.

The application period runs from 21 to 28 July 2025. Shortlisted applicants will be invited for interviews scheduled for 30 to 31 July, with successful candidates beginning the onboarding process from 4 to 6 August.

Interested applicants can download the application form via the following link: https://bit.ly/4lHdxub. Completed forms should be submitted to jermia.bayisa@iceaddis.com. For further information or inquiries, contact:+251 472 110 635/+251 90 223 9119

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You Enjoyed LinkUp Premium? IT just got even better. Here are a few NEW FEATURES!

1. Free Trial is ON: All New Susbcribers (Including those whose Monthly Subscriptions have ended) now can enjoy a 30-day free trial. If you are an annual subscriber, no worries, we have added a 30 day bonus at the end of your subscription period!

2. News Stories: We know you love LinkUp Premium, but we also know there is a lot to the news that you want to explore. We got you covered. Our news stories feature aggregates all the stories you need from the local, regional and international sources. (Pretty much like IG stories...just better and more meaningful).

3. LinkUp Trivia: You can challenge yourself to our exciting trivia segment in the app and pile up points (Loots as we like to call them) we will be kicking off redeeming features soon.

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Plus, there are 30 million farmlands now registered digitally, which means investors and financial institutions can step in to support farmers since agriculture is responsible for 40-50% of job creation. Participants raised questions on inflation decreasing by half and how that figure is truly translated on the ground. The second part of the Panel discussion ‘Ease of Doing Business in Ethiopia’ is now being held.

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Ethiopia Finance Forum (EFF) - Investors’ Series, officially began in CBE headquarters

The forum opened with the Ethiopian national anthem, and now Finance Minister Ahmed Shide setting a purposeful tone for a day centered on economic reform, resilience, and investor confidence.

The agenda will feature a series of high-level panel discussions on macroeconomic policy, banking reform, access to credit, and the ease of doing business.

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For the first time ever , SanuPay, a third-party payment processor licensed and headquartered in the UAE, has partnered with OpenWay, a globally known for its digital payments software, to launch a domestic credit card . The first credit cards are expected to be issued by Oromia bank.

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In most cases, people flee from volcanic eruptions. However, this is not the case for the recent Erta Ale volcano eruptions, which began last Wednesday. The event has turned into an unexpected natural attraction, drawing keen interest from adventure travelers and researchers.

Abdu Ahmed, Director of Resource Promotion and Market Development at the Afar State Tourism Bureau, says, "Visitors currently in the area are watching the eruptions with a mix of awe and fascination. The spectacle has significantly increased tourist activity, especially among foreign visitors who have come to witness this rare phenomenon up close."

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The AWS Roadshow, in partnership with Silicon Overdrive, will be held on 24 July, 2025, from 10:00 AM to 5:00 PM at Capstone ALX Tech Hub in Lideta.

The event is designed for tech founders and innovators, featuring a live pitch competition, hands-on AWS workshops, AWS Activate Credits, and networking opportunities. It aims to provide participants with access to cloud tools and resources that support startup growth, while fostering connections within a broader community of innovators. Registration is available at https://lnkd.in/ezbu2H2B.

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EASE is organizing an event that invites entrepreneurs, researchers, policymakers, and anyone interested in artificial intelligence to explore Ethiopia’s growing AI ecosystem. The session will examine real-world applications of AI across various sectors, shedding light on the opportunities and challenges involved in shaping an inclusive and impactful AI landscape. The event will take place on 25 July, 2025, from 5:30 PM to 7:30 PM.

Interested participants can register at https://lnkd.in/eW4TB7w6.

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Ethiopia’s Parliament has finally given the green light to the Startup Law, which the Council of Ministers approved recently. The law aims to tap into the potential for economic growth by boosting innovation and helping startups get funding.

The plan involves the federal government down to local levels. But while the law indicates a positive impact for the growing startup scene, there are still major concerns about whether this law can tackle the persistent issues like lack of funding, poor infrastructure, and rigid regulations that have held back startups.

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EyitaHub steps in with a bold mission: to transform how institutions listen to their customers. The frustration that comes with an outdated feedback system motivated the team at Signum Technologies to design Ethiopia’s first digital feedback platform–EyitaHub, an AI-powered feedback system that collects customer opinions through digital tools and turns them into actionable insights to help businesses prioritize what needs attention.

Still, as it introduces a new model, EyitaHub sees a break to lead the way. While adoption may take time, its local impact, ease of use, and the need for a better service position the platform well to overcome early hesitation. But building trust–and truly changing how organizations value feedback–is not an easy target. How ready are they to embrace this shift?

Read more on Linkup premium:https://linkupaddis.com/app/articles/330

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Breaking: Visit Oromia's Telegram Channel Hacked

Oromia Tourism makes an announcement that its official Telegram channel 'Visit Oromia' has been hacked. The channel has nearly 18,000 subscribers and is used by Oromia Tourism as a digital broadcasting tool to promote Oromia Region's tourist and travel attractions.
Oromia Tourism further warned it followers not to open links the may see on or receive from the channel until further notice and asked it's follower to a new channel if is setting up.

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NID Hits 19 Million Users, Catches African Attention

Over 19 million Ethiopians have registered for the National ID, with 15 million already using it. Backed by $350M from the World Bank, the program is expanding fast and has even caught the attention of another African country seeking to enhance its own national ID program.

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The Ministry of Innovation and Technology is partnering with ‘KPMG East Africa’ to give a boost to Ethiopia's startup scene. This collaboration is expected to support new businesses through advice, policy development, and capacity building within public innovation organizations. It also aligns with Ethiopia’s recent efforts and the "Digital Ethiopia Strategy".

KPMG East Africa—part of the global KPMG network and active in several countries like Kenya, Uganda, Rwanda, and the DRC— is set to bring its international experience and regional connections to encourage innovation and promote economic growth for startups.

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Interesting People with Ethiopian Origin: Yonas Alemu

After years in global finance, Yonas Alemu founded Lovegrass Ethiopia upon realizing teff was booming abroad without Ethiopian involvement.

He became a key voice against a Dutch patent on teff flour, which was invalidated in 2020, and now leads efforts to export teff-based products from Ethiopia, the world’s top teff producer.

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Ethiopia Considering Reducing Dependence on the Dollar: A Depart from the Bretton Woods Legacy?

In a recent interview, the Minister of Finance, Eyob Tekalign, did with the Ethiopian Broadcasting Corporation, he stated that the Ethiopian government is working on ways to trade in currencies other than the US dollar in order to “facilitate trade and investment cooperation in a way that protects Ethiopia’s interest and expands the country’s access to foreign markets.”

While diversifying currency use in trade could help shield the country from  the vulnerabilities tied to dollar dominance, the challenge lies in the deeply rooted global financial system still influenced  by the Bretton Woods legacy.
Can Ethiopia pull this off?

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Interesting People with Ethiopian Origin: Rediet Abebe

Rediet Abebe(Ph.D.) is an assistant professor of computer science at UC Berkeley, whose work focuses on using algorithms and AI to advance equity in health, education, and resource access.

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Ethiopia is positioning itself as Africa’s top pharmaceutical export hub through strategic investment, regulatory reforms, and expanded production. At a July 18, 2025 meeting at Kilinto Industrial Park, officials and partners, including the World Bank, reaffirmed support. “We are placing our bets on Ethiopia,” said Maryam Salim of the World Bank.

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Panel 1 Recap: Macro Economic and Structural Reforms


According to the panelists, Ethiopia’s recent economic changes are really starting to pay off, with $32.1 billion in foreign revenue gain coming in after the reforms. The economy is looking stable, and the debt situation is set to shift from high to medium levels in the next few years. There’s a growing interest from private investors in the energy sector, but small and medium-sized businesses are still struggling when it comes to getting non-collateral financing. Digital lending platforms could really help with improving access to loans and boosting financial inclusion.

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Former Senegalese professional footballer, El Hadji Diouf, has been named brand ambassador of Wanaw, an Ethiopian sportswear company.

The former international star signed the agreement in Addis Ababa following his visit to the company’s production site at Habte Garment and Printing.

“I have signed a deal with the best sportswear manufacturer in Africa,” Diouf announced after touring the facility.

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An Effective Prevention Against HIV?

It seems like the search might be ending. On June 18, the FDA (United States Food and Drug Administration) approved Lenacapavir, a drug to prevent HIV that only needs to be taken twice a year.

Lenacapavir currently carries a price tag of 28,000 USD per person per year. This is expensive, even in developed countries. While the drug manufacturer  mentions this large price is the consequence of the R&D cost, questions remain over whether it can be accessed equitably. There is hope that generic version of the drug  can be produced  for as little as 35 to 45 USD per person per year. This is still in the higher price range when converted to local currencies of developing countries.

So, the question is: Will this new drug be accessible and durable through time? Or will it be a medical fortress only for the financially able?

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The Ethiopia Finance Forum (EFF) 2025 – Investors’ Series, organized in collaboration with the National Bank of Ethiopia, the Ministry of Finance, and the Ministry of Planning and Development, will take place on Tuesday, 22 July, 2025, at the Commercial Bank of Ethiopia Conference Hall in Addis Ababa.

Running from 8:00 AM to 5:30 PM, the forum aims to highlight the outcomes of Ethiopia’s ongoing economic reform efforts. It will bring together banks, investors, and policymakers to explore progress made, emerging opportunities, and local success stories within the financial sector.

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The African Strategic Investment Alliance (ASEA backed by the African Union recently launched — promises to bridge Africa’s staggering $330 billion SME financing gap.
ASEA plans to use blended finance, banking loans, and cross-border policy coordination. The model sounds promising. But Africa has seen ambitious platforms come and go and show us how capital alone isn’t enough.

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Qore, a Nigerian-based Fintech Infrastructure Provider on the African continent that offers a core banking system that comes pre-integrated with a suite of ancillary services, recently announced its expansion into the Ethiopian market at an event hosted at Hyatt Regency. LinkUp Addis' New Economy sat down with Martine Muchine, VP of Expansion at Qore to discuss this expansion.

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The Ethiopian Artificial Intelligence Institute began the fourth edition of the 2025 Youth Summer Camp. The program includes engaging sessions exploring topics such as robotics and machine learning. The summer camp aims to introduce students to solid AI skills to the selected 300 participants while also advancing technological learning. In 2024, the program celebrated its graduates in a ceremony attended by Prime Minister Abiy Ahmed.

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You might have heard of the record-smashing ETB 1.93 trillion budget set for the next fiscal year. We took a moment to see the trend in the Ethiopian budget growth over the last decade in both Birr and USD terms.

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Opportunity Alert

The Creative DNA: Ethiopia 3.0 Open Call is now accepting applications for its 2025 program. Building on the success of the 2023 and 2024 editions, this initiative continues to support early-stage fashion designers through a comprehensive incubation experience.

Participants will benefit from tailored business mentoring, enhanced online visibility through digital campaigns, potential access to micro-grants, and opportunities for international market exposure and collaboration. The program aims to empower emerging talent within Ethiopia’s fashion ecosystem.

Applications are open until 1 August 2025, and can be submitted via www.iceaddis.com/cdna.v

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You Enjoyed LinkUp Premium? IT just got even better. Here are a few NEW FEATURES!

1. Free Trial is ON: All New Susbcribers (Including those whose Monthly Subscriptions have ended) now can enjoy a 30-day free trial. If you are an annual subscriber, no worries, we have added a 30 day bonus at the end of your subscription period!

2. News Stories: We know you love LinkUp Premium, but we also know there is a lot to the news that you want to explore. We got you covered. Our news stories feature aggregates all the stories you need from the local, regional and international sources. (Pretty much like IG stories...just better and more meaningful).

3. LinkUp Trivia: You can challenge yourself to our exciting trivia segment in the app and pile up points (Loots as we like to call them) we will be kicking off redeeming features soon.

Join the world of LinkUp Premium or UPDATE your existing app version for an insightful, fulfilling, meaningful media experience. You can't have it any better!

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One of the most widely used crypto exchanges among Ethiopian users, Bybit, has announced it will remove support for the Ethiopian Birr (ETB) on its peer-to-peer trading platform.

The announcement, delivered via email to local users, states the change will take effect on July 21, 2025. The move is expected to create major challenges for Ethiopian crypto traders who rely on the platform for direct access to digital assets using their local currency.

Read more about this story on linkup premium app:https://linkupaddis.com/app/articles/328

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Whether you are an individual with an exciting inititative, a startup with a grand vision, an established business ready to scale or an inititaive with exciting opportunities for your community, LinkUp Premium is here to help! Contact us today. We will come where you are, ready to tell your stories!

Follow the link below for all your press coverage and media partnership requests: https://linkupaddis.com/media-coverage

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Dutch-based Ethiopian entrepreneur Kanessa Muluneh recently announced the launch of the Nyle firm on her social media. Currently operating in Ethiopia, Kenya, and South Africa, the diaspora-based firm presents a structured investment model for African diasporas. Backed by Epic Edge and led by a founder with $9.5M in merger value, Nyle sets a $50,000 minimum and targets sectors like tech, agriculture, and real estate.
In her response to LinkUp, Kanessa shared how the firm focuses on proven businesses, clear data, and long-term growth.

What can diasporas expect from the rollout, and can the model hold across different regulatory realities?

Read more on this story on LinkUp Premium:https://linkupaddis.com/app/articles/327

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