Fintech giant Flutterwave faces fresh scrutiny after a security breach allowed unauthorized transfers of billions of Nigerian naira (₦) in April 2024. The exact amount remains unclear, with estimates ranging from ₦11 billion ($7 million) to ₦20 billion ($13.5 million).
Ethiopia, the birthplace of coffee, boasts a rich heritage intertwined with the energizing bean. For centuries, Ethiopians have cultivated unique coffee varieties, nurtured by fertile highlands and ideal growing conditions. The resulting cup? An explosion of flavor – floral, citrusy, with hints of chocolate and spice – a symphony unlike any other. Ethiopian Yirgacheffe and Harrar coffees are prized by connoisseurs worldwide, and rightfully so. However, this global adoration masks a harsh reality – the farmers who cultivate these precious beans are often unfairly compensated by international corporations.
TECNO Mobile, a leading smartphone brand, recently dazzled the Ethiopian tech scene with an exclusive launch event for their newest flagship, the CAMON 30 series. Following the phone’s global reveal at MWC Barcelona, this gathering brought together industry leaders, influencers, and local celebrities for a glimpse into the future of mobile photography.
The eight-month long dispute between BGI-Ethiopia and Purpose Black Ethiopia regarding the sale of BGI’s headquarters has finally been settled through court-annexed mediation. The Federal Higher Court has approved the agreement, officially terminating the case and lifting the injunction that froze BGI’s assets.
The World Health Organization (WHO) is actively tackling public health emergencies around the globe, with a particular focus on graded emergencies requiring moderate to major responses. In 2024, Ethiopia found itself at the center of this fight, as the Northern Ethiopia Humanitarian Response received the largest funding allocation (US$21.5 million) from WHO’s Contingency Fund for Emergencies (CFE).
A new report by the World Bank paints a mixed picture for Sub-Saharan Africa’s debt situation. While there’s a projected decline in the region’s public debt-to-GDP ratio, from 61% in 2023 to 57% in 2024, significant challenges remain.
The Mastercard Foundation and Kifiya Financial Technology (Kifiya) have joined forces to launch a groundbreaking $100 million program called SAFEE (Sustainable Access to Finance to Enable Entrepreneurship). This initiative aims to revolutionize access to credit for Ethiopia’s micro, small, and medium enterprises (MSMEs).