Local Tech Leader Breaks Ground in Competition

Feb 20 , 2021

Pazion Cherinet, the co-founder of Orbit Health, has been selected for this year's Africa Prize for Engineering Innovation by the Royal Academy of Engineering in the UK. Pazion will be the first shortlisted Ethiopian candidate since the competition emerged in 2014. A total of 16 entrepreneurs from across the continent are on the list. Orbit Health, developed by Pazion, is a digital health platform that manages and stores patient data, including appointments, diagnoses, tests, doctors’ notes and prescriptions. The shortlisted candidates will be involved in a support programme that encompasses business and communications training, funding, as well as networking opportunities to help them come up with an improved innovation and business plan through July 2021. Following this, four finalists will be selected to pitch their ideas, with the winner and runners-up receiving 25,000 and 10,000 pounds each, respectively. The innovations featured are expected to address most of the UN’s Sustainable Development Goals.


Addis Chamber Embarks on Leadership Forum

A leadership forum where prominent executives will share their experiences in the business environment is organised by the Addis Abeba Chamber of Commerce & Sectoral Association (Addis Chamber) and SAK Training & Consultancy Firm. Headlining Arega Yirdaw (PhD), president of Unity University, who is expected to address the fortunes and adversities of the leadership ecosystem and share insights into his cascade of experiences, the first round is expected to set off at the Inter-luxury H...


Wegagen Bank Launches its Mobile App

Embracing the digital realm, Wegagen Bank officially launched its mobile banking application last week. The App was inaugurated in Dire Dewa City, with Yehwalashet Zewdu, vice president of the Bank Enterprise Services, showcasing its service that provides secure and seamless financial services. According to Yehwalashet, Wegagen Mobile meets the evolving needs of its clientele in Amharic, English, Afan Oromo, Tigrigna and Somali languages. Incorporated in 1997, Wegagen Bank has grown to become...


Zemen Bank Joins IFC's Trade Finance Program with $30m Boost

Zemen Bank has secured a 30 million dollar trade finance guarantee from the International Finance Corporation (IFC) to boost the trade finance operations. A member of the World Bank Group, IFC has welcomed Zemen as the newest member of its Global Trade Finance Program aimed at supporting exports and imports. Signed by Dereje Zenebe, president of Zemen Bank and Madalo Minofu, country manager of IFC, the trade financing is part of the one-billion-dollar Africa Trade & Supply Chain Finance P...