AddisRupt Expo Links Startups with Investors

Jan 1 , 2023


[ssba-buttons]

Startups in agriculture, finance and medical technology gathered last week to showcase their innovations, business ideas, services, and products at a national expo. Hosted by Link-up Addis, AddisRupt Expo was hosted for the second time this year, exhibiting 41 startup companies at the Inter-Luxury Hotel event. Maryamawit Degfu, sales and marketing manager at LinkupAddis, sees the Expo as an opportunity to connect business start-ups with potential investors. The event was hosted for two days starting December 30, 2022. A subsidiary of Afromile Trading Plc, LinkUp Addis, founded in 2018 by Eyob Workneh, is a digital multimedia company based in Addis Abeba whose primary focus has been hosting events, entertainment, fashion and digital publishing and distribution, and online broadcasting. The event was organised in partnership with GIZ, Kazana Fund, Ice Addis, International Trade Center, Awaqi Ethiopia, Ministry of Labour & Skills, and The Creative Hub. Sophia Mulugeta, Project Manager of Afromile Trading Plc, said that AddisRupt: Reimagine would cause a substantial paradigm shift by shining a bright light on the thriving startup environment. Half a year ago,Link-up Addis hosted an expo comprising 20 startups. Over 2,000 visitors attended the event, where exhibitors shared their experiences as they were forced to look for alternatives in the face of the digital world. A panel discussion on navigating agriculture through technology was hosted with agri-tech Ethiopia.


Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...