FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo



Kudu Ventures Launches $1m Investment Fund

Sep 28 , 2019

[ssba-buttons]

Kudu Ventures, a United States-based venture capital firm, announced a female-focused investment fund. Kudu Ventures will invest one million dollars for Kudu Women, which will be led by Betelhem Dessie, project manager for iCog Anyone Can Code. The project is dedicated to investing the one million dollars in over 100 homegrown female startups within the next two years in East Africa. There are only a few female tech entrepreneurs in Ethiopia, which has population of over 50 million women, according to Noel Daniel, co-founder and managing director of Kudu Ventures. Recently, Kudu Ventures allocated 100 million Br for startups, of which five million Birr will go to iCog Labs to support the acceleration programme.

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...

Read more >>

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...

Read more >>

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...

Read more >>