Entrepreneurial Competition Heats Up

Apr 15 , 2023


[ssba-buttons]

A business competition dubbed African Business Heroes (ABH) which offers up to 1.5 million dollars has a month left for registration as the 2023 round comes live. Prospective applicants met with Ethiopia Gebeya, the official partner of the competition, at an event held at the Urban Centre last week, to discuss on the modalities of the competition. Funded by the Chinese business tycoon Jack Ma, the competition has been rewarding businesses across the continent since 2019. One of the runners-up to last year's competition and CEO of Gebeya, Ahmedou Daffe indicated to the audience how they can improve their chances of winning the competition. He emphasized the need for a clear vision and the importance of aspiring to large-scale change. While the winner gets 300,000 dollars all who make it to the top 10 will receive financial assistance along with continued consultation. Last year's winner was Elia Timotheo who was the founder of agri-tech startup East Africa Fruits Co. The rigorous application process requires time hence prospective competitors were advised to get to it before the deadline.


Radar

Fresh Push to Help Farmers Get Covered & Cash In

The Ministry of Agriculture has established the Rural Finance Service Unit (RFSU) to coordinate and expand agricultural insurance nationwide. Announced on Tuesday at the 2025 UNDP Financial Resilience in Agriculture Community of Practice forum (held at the UN Economic Commission for Africa headquarters), the RFSU is supported by UNDP, JICA, and other partners with funding from the Bill & Melinda Gates Foundation. Agriculture Minister Girma Amente (PhD) and State Minister Sofia Kassa attended...


Radar

Mission 300 Gains Momentum as Ethiopia Charts Path to Energy Equity

The Government has developed a National Energy Compact with the goal of achieving universal electricity access by 2030. The strategy, led by the Ministry of Water & Energy (MoWE), outlines Ethiopia's commitment to reaching 100pc energy access for its population within the next five years. According to State Minister for Energy Development Sector Sultan Woli, the compact was prepared in collaboration with key development partners, including the World Bank Group and the African Development...


Radar

Rammis Bank Commences Mobile Application, Card Banking Services

Rammis Bank has launched its mobile banking application and card services as part of its digital expansion drive. The "Rammis Mobile App" was officially introduced during a launch event held on Saturday at the Grand Eliana Hotel. The app allows users to transfer funds at any time, pay bills, top up mobile airtime, and send money to telebirr wallets for themselves or others. The newly introduced card service enables customers to withdraw cash from any ATM and make payments via Point of Sale (P...