Ethiopian Innovators Shine at Start-Up Competition


Ethiopian Innovators Shine at Start-Up Competition

Three Ethiopian innovators have emerged victorious in Total Energies' annual start-up competition. Open to entrepreneurs aged 18 to 35 owning businesses less than three years old, the competition aims to support groundbreaking projects across the continent. The competition has awarded 100 innovators from 32 African countries. Total is celebrating its 100th year anniversary. The fourth Ethiopian edition of the Startup of the Year competition was held last week at Skylight Hotel. Menberu Zeleke was recognized for his invention 'Solar Mekes', a solar-powered automatic onion root and leaf cutting machine aiming to enhance productivity and save time and energy by harnessing solar energy. Ermiyas Tefera developed 'Korojo Eco Package and Bags' which is an eco-friendly and biodegradable packaging. Utilizing agricultural residues like banana pseudo-stems, enset, and rice straw, he aims to replace plastic bags, reduce environmental pollution, and convert agricultural waste into valuable products. Adugna Nigatu, owner of 'Alene Bio-gel Fuel Production', focused on producing biogel fuel from spent coffee grounds and bio-based additives. This thick liquid-fuel burns with a clear flame and offers cooking efficiency comparable to gaseous fuels.


Radar

Ethiopia Buys Time, Not Relief as Creditors Stall on Debt Write-Off

Ethiopia's official creditors expect to finalise a draft restructuring of the country's debt in the coming months, granting the government more time to repay its obligations while avoiding a direct reduction to the initial debt amount. Ethiopia defaulted on its external debt in December 2023, before its leaders announced a preliminary deal in March with its Official Creditor Committee to reorganise 8.4 billion dollars, an essential step in moving beyond sovereign default. Under the agreement...


Radar

Road Injuries Increase by 35pc, with Pedestrians Most Affected

Addis Abeba's streets continue to present fatal risks for pedestrians, who account for 86pc of all traffic fatalities reported in 2023/24. Megenagna emerged as a particularly hazardous area, logging the highest number of fatalities, including 13 deaths. While the number of pedestrian deaths has dipped slightly, overall injuries have surged by 35pc since 2020/21, with eight out of 10 injuries involving those on foot. The Addis Abeba City Administration revised its 13-year road safety strate...


Radar

Awash Insurance Customer Week Discount

Awash Insurance Company(AIC), serving for over 30 years, gives a 25pc discount on Mortgage Redemption Insurance (MRI), Individual Life Insurance, Education Insurance, Workers' Compensation Insurance, and Fire & Lightning Insurance. This was announced during the celebration of Customer Week at their headquarters, on April 7,2025. Jibat Alemneh, CEO of the company said, Vehicles owners that purchased thier cars with full insurance coverage will receive enhanced benefits at no extra cost at...