ethiopia

Ethiopian startup eQub is the winner of the fintech pitch-off at 4YFN 2024, Mobile World Congress’ startup event. TechCrunch was on the ground in Barcelona to meet its business development lead Nahom Michael this week. The startup’s name is an Amharic word referring to a local form of peer-to-peer credit, Michael said. An Equb is a group of people who join forces to save money, which is then distributed on a rotating basis. Known as a rotating savings and credit association, or ROSCAS, this financing modality is…

President Bola Tinubu and President Luiz Inácio Lula da Silva of Brazil met in Addis Ababa, Ethiopia, on Sunday, and had fruitful discussions on comprehensive strengthening of bilateral ties in all fields. Speaking at the meeting, President Tinubu emphasized the strength of Nigeria’s economic potential and influence, saying the country is witnessing a leap forward, despite some short-term reform pains, as his administration is removing all encumbrances to business. The President further explained that his…

President Bola Tinubu says Nigeria is ready to host the African Central Bank in line with the vision of the Abuja Treaty. Addressing leaders at the 37th Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU) in Addis Ababa, Ethiopia, on Saturday, President Tinubu said his administration will engage the African Union Commission in collaboration with member states to ensure that the bank takes off as scheduled in 2028. The President affirmed that Africa’s success in conclusively…

Cryptocurrency mining, which consumers a lot of electricity and is very damaging to the environment, is heavily regulated in China. However, Chinese miners, once the best and with the largest pool in the world before American miners came into the scene, are now moving to Ethiopia…

Ethiopia spent nearly $6 billion to import fossil fuels last year — with more than half of that spending going to fuel vehicles. In response, Ethiopia’s Transport and Logistics Ministries have announced that automobiles cannot enter Ethiopia, unless they are electric. (!) Last February, the European Union approved a law that would ban the sale of combustion engine cars in its member states from 2035 — joining several US states, Canada, Japan, Singapore, India, New Zealand, and a number of other…

Credit: Pixabay/CC0 Public Domain In the face of the climate crisis, which brings with it repeated extremes of weather around the world, new work in the International Journal of Economics and Business Research is timely. The research, by Mulat Goshu Gebeyehu of the Department of Economics at Debre Markos University in Debre Markos Town, Amhara Region, Ethiopia, suggests that policymakers and agricultural experts should strive…

Image: Lipowski Milan (Shutterstock)Governments in 35 countries shut down the internet for a record total of at least 185 times in 2022 alone, a new study shows. The New York-based watchdog group, Access Now, published the report on Tuesday noting that the rate of online shutdowns has not only skyrocketed but is lasting longer and are often targeting the populations during times when it is needed the most. Access Now launched its Keep It On campaign in 2016, and has found that India accounted for nearly half of the…

The extensive accumulations of obsidian artefacts in level C. a,b, General view of the level and detail of artefact density along the MS cliff (a) and inset (b). c,d, General view (c) and detail (d) of the artefact concentration (mainly handaxes) in the test pit of 2004. Credit: Nature Ecology & Evolution (2023). DOI: 10.1038/s41559-022-01970-1 A team of researchers affiliated with several institutions in Spain, working…

Ethiopian PM Abiy Ahmed says joint project with a UAE renewable energy company brings the country closer to achieving its net zero emission targets. At present, Ethiopia has total installed power generating capacity of about 4,898 MW, with 91% of it coming from hydroelectric power, based on data from state-run…

On November 3, 2021, Meareg Amare, a professor of chemistry at Bahir Dar University in Ethiopia, was gunned down outside his home. Amare, who was ethnically Tigrayan, had been targeted in a series of Facebook posts the month before, alleging that he had stolen equipment from the university, sold it, and used the proceeds to buy property. In the comments, people called for his death. Amare’s son, researcher Abrham Amare, appealed to Facebook to have the posts removed but heard nothing back for weeks. Eight days after his…