Local Startup Makes Strides in Global Contest

Dec 5 , 2020


Rohobot Home Based Health Care Service Plc, a local healthcare startup, has advanced to the regional finals of the Seedstars World Competition 2020 where it will compete with two dozen other African startups for a place in the global finale and a shot at a prize of half a million dollars in funding. The startup was established in 2017 and offers home-based healthcare services to the chronically ill and the elderly. Rohobot, one of the 11 companies registered in Addis Abeba to provide the service, has 37 employees including administrative staff. Seedstars, a Swiss company, has been organising its global competition annually since 2013 with the aim of scouting and supporting promising startups from all over the world. The regional competition will be aired in January 2021 and the winner who will be moving on to the global finale will be announced in March.


Radar

DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


Radar

Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. The training modules, developed in collaboration with The First Consult and BRIDGE, cover several angles of financial literacy, including deposits, digital financial servic...


Radar

ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...


Back
WhatsApp
Telegram
Email