Medical Entrepreneurs Victorious in Tech Competition

Oct 28 , 2023


A year-long competition challenging skills such as pitching business ideas, interpersonal communication and impactful mentoring was completed last week. Dashen Bank has rewarded a one million Birr prize split among the top four during the event held at I-Cog lab premises on Namibia Street (Bole Medhanealem). Solve It was launched five years ago to stimulate technology entrepreneurship across different cities, aiming to empower local youth to devise innovative solutions to problems in their immediate surrounding. Bethelem Dessie, a tech personality behind 'Any One Can Code', congratulated the winners Debora Sintayehu and Alebachew Alemanew who developed a bone infection detection and therapeutic machine. The competition was organised in partnership with the US Embassy to highlight innovative ideas and create successful companies by providing access to finance and mentorship.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email