Gebeya Secures $2m Seed Money

Feb 8 , 2020


[ssba-buttons]

Gebeya Inc, a local education technology firm that runs an online software marketplace, sealed two million dollars in seed  round money from three investors. Partech, Orange Digital Ventures and Consonance Investment Manager provided the company with the seed money. Partech is a venture capital investment firm with operating offices in San Francisco, Paris, Berlin and Dakar. Orange Digital Ventures Africa is an initiative of Orange Group with a dedicated investment of 50 million euros to support tech entrepreneurship in Africa. Consonance Investment Managers, based in Mauritius, invests in early-stage and growing businesses across sub-Saharan Africa. Gebeya, which was established in 2016 in Ethiopia, has graduated over 600 tech talents. The company secured a half-million-dollar grant from the International Finance Corporation to provide scholarships to 250 female software engineers through the Digital Gender Ethiopia Programme.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...