Spotlight Ethio

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Spotlight Ethio

Spotlight Ethio is an Ethiopian and African media company focusing on business and entrepreneurship.
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07/12/2023

Over the past two decades, China has emerged as one of the largest business partners for sub-Saharan Africa, purchasing over a fifth of the region's exports, ranging from metals and minerals to fuel. However, China’s recovery from the pandemic has recently slowed, hindered by a property downturn and decreased demand for its manufactured goods amid a global slowdown.
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This development is concerning for Africa: a one percent decrease in China's growth could lower Africa's growth by 0.25 percent annually, as highlighted in the IMF's Regional Economic Outlook. Particularly for oil-exporting countries like Angola and Nigeria, this impact could mean a 0.5 percent loss.
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To navigate China's slowing economy, sub-Saharan African countries need to adapt through strategies such as enhancing inter-African trade with favorable tax policies, diversifying economies by leveraging their rich mineral resources to forge new trade relationships, and creating more business-friendly environments.
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

Source: International Monetary Fund

03/12/2023

GlobeDock Academy is an pioneeering online learning platform dedicated to elevating educational standards in Ethiopia.
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Offering lessons tailored to the Ethiopian curriculum, the platform enables self-paced learning managed by a team of qualified educators. encompasses a wide range of subjects from Math, Physics, Chemistry, and General Science to humanities like Economics and Geography, catering to students from Grades 4 to 12.
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Founded by Kirubel Akalu, GlobeDock Academy offers quality, engaging, and relatable content, completely free of charge, ensuring accessibility for learners from diverse backgrounds.
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

23/11/2023

Avetol has introduced Ethiopia's first video-on-demand streaming service, revolutionizing access to local and personally curated digital video content.
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Co-founded by Morka Tesfaye (CEO) and Yonas Asfaw (CTO), the Avetol streaming library allows users to access a wide array of Ethiopian content, including news, sports, live TV and entertainment in multiple languages and across various devices, serving Ethiopia's expanding internet user base.
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This innovative platform not only aims to elevate the Ethiopian entertainment industry on the global stage but also provides a sustainable revenue model for content creators through partnerships with media houses, production studios, and individual creators.
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

06/11/2023

African countries are on the move to open their doors for businesses and the free movement of people.
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Rwanda and Kenya are taking significant strides toward fostering intercontinental business and tourism by introducing visa-free travel for African nationals. With Kenya aiming to put this initiative into effect by the end of the year, they join the ranks of Gambia, Benin, and Seychelles in easing border policies.
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This move underscores the continent's recognition of its burgeoning middle class and their pivotal role in the future of global tourism. Despite Africa's vision to become a unified tourist hub, currently, 60% of its tourists still come from outside the continent, according to the United Nations Economic Commission for Africa. This new visa policy could be a game-changer, potentially unlocking Africa's vast tourism and economic potential through the free movement of goods, services, people and ideas across the continent.
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

01/11/2023

Samuel Alemayehu is a Stanford-educated serial entrepreneur and the Co-founder and General Partner at C1 Ventures, a firm dedicated to fostering carbon-negative and resource-efficient industries through science and technology investments.
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As a global entrepreneur who started and sold 4 companies, he has been recognized as a 2018 Young Global Leader by the World Economic Forum. Over the last two decades,his focus has been on hatching and commercializing breakthrough technologies that can fast-track global development.
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Notably, Samuel co-founded and currently chairs Cambridge Industries, which developed Africa's inaugural waste-to-energy project. He is also an active angel investor and advisor in over 50 companies.

👉🏾 ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ɪɴsᴘɪʀɪɴɢ ᴘᴇᴏᴘʟᴇ ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

29/10/2023

A new report reveals a remarkable shift in where investors are focusing their attention in East Africa, a trend driven by recent global events and regional opportunities.
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Previously, green energy and technology led the charge, but now the spotlight is on the agriculture and food and beverage sectors. This shift comes as geopolitical tensions and the impacts of climate change underline the necessity for self-sufficient and sustainable local food production systems.
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The financial services industry is also receiving interest due to its large informal economy. Fueled by Africa's high mobile adoption and innovative solutions from fintech startups, this sector is poised to support small businesses with enhanced payment and credit systems, promoting economic inclusion.
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

Source: 2023 Deloitte Africa Private Equity Confidence Survey

10/10/2023

In our recent interview with Rahel Boon-Dejene, she shares her insights for young local and diaspora entrepreneurs to transform an idea into a viable business.

Don’t miss out! Click the link in bio for more 👆🏾

09/10/2023

📢 It’s finally here! The latest edition is now available featuring Rahel Boon-Dejene, the visionary co-founder behind Africa's largest and only women-led sports tech firm and champion for impact entrepreneurship who stands at the nexus of business acumen and social impact. In this issue, Rahel lays bare a strategic blueprint to elevate Ethiopia—and Africa at large—in the global talent and outsourcing arena. Emphasizing the urgency of shifting from 'brain drain' to 'brain gain,' Rahel delves into innovative business solutions, harnessing AI inclusivity, engaging the diaspora, and revamping education to unleash the potential of Africa's tech-savvy youth. And, she shares her insights for budding entrepreneurs to transform an idea into a viable business.

Plus, stay informed on featured Startups (.et and ), Growth Opportunities & Economic News, and actionable insights to achieving peak potential in any field.

Click the link in bio for more 👆🏾

09/10/2023

The 7th edition of Spotlight Ethio’s Digital Magazine is officially out, with Rahel Boon-Dejene❗️

As the visionary co-founder behind Africa's largest and only women-led sports tech firm R&D Group and champion for impact entrepreneurship, Rahel stands at the nexus of business acumen and social impact. In this exclusive interview, Rahel explains what it will take for Ethiopia and Africa to rise and fiercely compete in the global talent arena, urging the continent to tap into its wealth of resources.

For insights on how the continent can take steps to rise as an economic titan, click the link in bio 👆🏾

05/10/2023

Lifeline Addis is spearheading the availability of home-based healthcare services for patients in Ethiopia.
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Founded by Drs. Solomon Desalegn, Yonas Kifle, and Kaleab Getachew, the company has rapidly emerged as a leading force in Ethiopian home health care within just four years. Today, the Lifeline team boasts three full-time general practitioners, 17 dedicated nurses, and an array of psychotherapists. Additionally, they collaborate with 50 health professionals who offer their expertise on-demand, embodying the modern gig economy.
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Through its partnership with the Mesirat program, Lifeline Addis aspires not just to be a health service but also a major employment driver as a premier health gig platform, targeting the creation of 10,000 jobs in the sector. With comprehensive care packages, from managing chronic diseases to preventive wellness, and amenities like pharmacy services and essential medical equipment, Lifeline Addis is redefining patient care at the comfort of one's home.
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

20/09/2023

Discover Muyalogy: an innovative digital learning platform for all, whether you're perfecting a new skill, looking for a career boost, or simply a longlife learner.
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Founded by software engineer Misikir Adane, this platform brings expertise right to your fingertips, presenting a variety of courses that cater to a wide array of interests, such as web development, starting a local business, music production, interior design, cake baking, fashion design and more. Industry experts lead the courses, ensuring that every module is steeped in professional knowledge and practical insights.
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Muyalogy also allows users to learn at their own pace, with the freedom to revisit lessons at will, and even drive the platform's evolving curriculum by suggesting new courses. Plus, modules are available in different languages to ensure an immersive and high-quality learning experience.

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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

22/08/2023

Safaricom's M-Pesa mobile money service has officially launched in Ethiopia, marking a significant milestone in the Kenyan telecom giant's ambitious African expansion.
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With a foothold established just last year, Safaricom has rapidly garnered over 2 million active users in Ethiopia according to Reuters and is seeking to replicate its success seen in Kenya. Since its Kenyan debut in 2007, M-Pesa has revolutionized mobile money services, expanding to multiple African nations and becoming the company's primary revenue driver.
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This move follows Ethiopia's 2019 decision to open up its telecom sector, previously monopolized by state-run Ethio Telecom. As Safaricom eyes the potential of Ethiopia's youthful 120 million populace, they also brace for intense competition from Ethio Telecom, which reported a whopping 34 million subscribers for its Telebirr service.
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Mobile money services are popular in East Africa, enabling customers to send and receive money and pay for goods and services.
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

14/08/2023

Bethlehem Tilahun Alemu is a globally recognized and awarded serial entrepreneur who founded soleRebels, the world’s fastest growing African footwear brand.
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Aiming to uplift local artisans, Bethlehem has taken an age-old Ethiopian shoe craft and catapulted it onto the global stage through soleRebels, creating 1200 jobs and being distributed in 30 countries through retailers, including Whole Foods to Amazon. Looking forward, it plans to open franchise and company-owned stores globally.
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But her vision doesn't stop at footwear. Bethlehem is behind a plethora of ventures, including premium leather brand Republic of Leather and Garden of Coffee, which is set to unveil 100+ interactive roastery cafes in China. Her other ventures include strategic consulting firm Perimeter Consulting, food brand TeffTastic and Made by Ethiopia, a public-private partnership transforming Ethiopia's footwear and leather export sector.
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She has received honors and accolades for her business acumen, as well as her efforts to shift the discourse on Africa away from poverty to the continent’s entrepreneurial spirit, social capital, and economic potential. Among her several recognitions, she was inducted into the Global Business Hall of Fame in 2022 and listed by Forbes as one of the World’s 100 Most Powerful Women.

👉🏾 ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ɪɴsᴘɪʀɪɴɢ ᴘᴇᴏᴘʟᴇ ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

07/08/2023

In a clear indicator of the rise of digital finance, mobile money services are growing faster than anticipated globally and most notably in Africa - which now accounts for 66% of the world’s $1.26 trillion mobile money value, according to a recent report.
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One key region catalyzing global growth has been Sub-Saharan Africa, with particular emphasis on Nigeria and Ethiopia, where regulatory changes have led to a rapid surge in mobile money adoption.
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Africa’s mobile money industry processed $836.5 billion in 2022, recording a 22% increase from the previous year. East Africa led with $491.8 billion, making up more than half of the continent’s total transaction value (58%) and volume (62%).
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

Source: 2023 State of the Industry Report on Mobile Money by GMSA

04/08/2023

Agelgil is a pioneering force at the forefront of agricultural waste recycling, plastic reduction and the fight against deforestation.
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Co-founded by Afomia Andualem, Agelgil crafts eco-packaging and tableware made from agricultural by-products (like wheat and rice straw) and water hyacinth, an invasive plant. By repurposing these wasteful sources into opportunity, Agelgil bolsters farmers' income, while supporting local fishing and tourism along the way.
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But the innovation doesn't end there! Every bit of waste from Agelgil's manufacturing process is given a new lease of life, transformed into fertilizer sold back to local farmers. Their groundbreaking approach and design has earned Afomia and her team the 2022 Africa Prize for Engineering Innovation.
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

04/08/2023

Agelgil is a pioneering force at the forefront of agricultural waste recycling, plastic reduction and the fight against deforestation.
-
Co-founded by Afomia Andualem, Agelgil crafts eco-packaging and tableware made from agricultural by-products (like wheat and rice straw) and water hyacinth, an invasive plant. By repurposing these wasteful sources into opportunity, Agelgil bolsters farmers' income, while supporting local fishing and tourism along the way.
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But the innovation doesn't end there! Every bit of waste from Agelgil's manufacturing process is given a new lease of life, transformed into fertilizer sold back to local farmers. Their groundbreaking approach and design has earned Afomia and her team the 2022 Africa Prize for Engineering Innovation.

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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

28/07/2023

Introducing Farmboo Ethiopia, an advocate for urban farming committed to mitigating the impacts of climate change.
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Founded by environmental activist Jodahi Petros, this startup aims to reduce our carbon footprint while providing a trusted food source to encourage sustainable living. Farmboo Ethiopia specializes in bamboo-based sustainable vertical gardening shelves, pots and baskets.
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Beyond Farmboo, Jodahi extends his environmental advocacy through 'Joda's E-nfluence,' a podcast amplifying the voices of fellow activists, and 'Enfluencers,' a collective galvanizing the environmentally conscious youth.
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In a world where climate change threatens nature, humanity, and the economy – with estimates of 0.5% to 2.5% annual reductions in Ethiopia's GDP – the efforts towards a green revolution are not just crucial, but an urgent necessity.
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!
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Source for GDP impact: "Review of Climate Change and Health in Ethiopia: Status and Gap Analysis" (2016).

14/07/2023

Viditure Technology Solution Plc is transforming the traditional contract process in Ethiopia with Weleta, the country's first digital signature application.
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Founded by CEO Kebron Dejene, Weleta offers online document creation and digital signing for both Android and iOS users, bringing efficiency to the way contracts are done in the country. This innovation accelerates business operations by providing immediate access to vital documents and minimizing turnaround times for swift decision-making. Its innovative feature of video agreements even eliminates the need for physical presence, further simplifying contract signing.
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Leveraging Ethiopia's 2020 Electronic Transaction Proclamation, which legally acknowledges digital signatures, Weleta boosts accuracy, reduces manual processing, and phases out the need for physical documents. Plus, with video agreement capabilities, the need for physical presence is a thing of the past.
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

07/07/2023

𝐆𝐢𝐯𝐞𝐚𝐰𝐚𝐲 𝐀𝐥𝐞𝐫𝐭 📣
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It's simple! All you have to do is complete a quick survey and subscribe as a member (if not already one)—and you’ll automatically be entered into the competition for a chance to Win a $100 Visa Gift Card.
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Good Luck! Giveaway ends on July 16, 2023 at 11:59pm. One winner will be chosen at random and contacted via email.
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Enter here 👉🏾 https://forms.wix.com/f/7082535488900301232?fbclid=PAAabxS0G17htmihoVUbzDrubHOp_03oa4FoUbgAfU0AvQirTs8JBxDHzl6fM_aem_ARu-c6MrbE7NuNr6SUxRlaDkaN9STdbGDgDattW48-CsslUZam0vqqW4_a

30/06/2023

Five powerhouse African banks - Access Bank, Ecobank, KCB, Standard Bank, and UBA - are aligning their operations with the Pan African Payment and Settlement System (PAPSS), a game-changing initiative by Afrexim Bank.
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PAPSS, a centralized payment solution, empowers these banks to process cross-border transactions in their local currencies, fostering seamless trade payments across the nearly 40 countries covered by these five banks and supports trade under the Africa Continental Free Trade Area.
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Adding to this momentum, Kenya is stepping forward with plans to abolish Visa requirements for African citizens traveling for business, a significant move towards enhancing trade dynamics and unity in the continent. Furthermore, talks are in progress between Ethiopia, Kenya, Rwanda, Uganda, and several others to liberalize air transport, paving the way for a single, integrated air transport market in Africa.
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Currently, intra-African trade stands at a mere 12.5%, a stark contrast to figures from Asia (58.5%), North America (30.4%), and Europe (68.5%) according to the UN Conference Trade And Development Handbook of Statistics 2022. However, with burgeoning digital connectivity and regional integration, Africa's digital economy is poised to scale up to an impressive $180 billion by 2025, as per a report by Google and IFC.
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

28/06/2023

Dr. Rediet Abebe is a trailblazer who is redefining the intersections of artificial intelligence (AI) and inequality, with the aim to utilize technology as a powerful tool to bridge socio-economic gaps.
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Her journey took her from her hometown, Addis Ababa, to the prestigious halls of Harvard University, where she made her mark as a math undergraduate student, and then on to Cornell University where she became the first Black women to obtain a Ph.D. in Computer Science at the institution.
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But Rediet's contributions extend far beyond academia. She co-founded Black in AI, a nonprofit organization dedicated to promoting diversity and inclusion in the field of AI. Her unwavering commitment to creating equitable and fair AI systems led her to also co-found Mechanism Design for Social Good (MD4SG), an initiative aiming to use algorithms and AI to tackle social inequalities.
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Today, as a Junior Fellow at Harvard Society of Fellows and an Assistant Professor at UC Berkeley, she is making waves by using AI to address socio-economic disparities and drive systemic change. Rediet Abebe is not just part of the next generation of tech leaders; she's a formidable force pushing for a future where technology serves us all.
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👉🏾 ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ɪɴsᴘɪʀɪɴɢ ᴘᴇᴏᴘʟᴇ ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

23/06/2023

Africa is home to many large companies: at least 345 companies have annual revenues of at least $1 billion and collectively, they produce revenues of more than $1 trillion, according to a new report by McKinsey & Co.
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About 230 of these companies are homegrown, meaning they were started in an African country, often by a local entrepreneur. Between 2015 and 2021, homegrown companies performed slightly better than foreign companies in Africa, with a revenue growth rate of 5.5% and 4.4% per year respectively.
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Sixty percent of Africa’s large companies are based in South Africa, Nigeria, and Egypt, so the continent’s smaller, faster-growing nations represent a promising next horizon for new business growth. These large companies operate in all major sectors on the continent, but 70% of the revenues they generate come from just six (out of 12) subsectors: oil and gas, mining, retail and consumer goods, financial services, manufacturing, and telecommunications.
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It's estimated that large companies in Africa could increase their revenues collectively by more than $550 billion by 2030 with ambitious strategies to access new markets, strengthen productivity, increase operational efficiency, and play a role in society.
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ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ
✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

Source: McKinsey & Company

16/06/2023

In our recent interview with Mered Fikireyohannes, he shares some candid advice for aspiring industry leaders seeking to make an impact and navigate today's dynamic business world.

Don’t miss out! Click the link in bio for more 👆🏾

15/06/2023

📢 It’s finally here! The latest edition is now available featuring Mered Fikireyohannes, who dissects Ethiopia's transforming financial landscape and its vast untapped investment potential, alongside an inside look at how the imminent launch of the capital market will unlock wealth for individuals to institutions. Mered also explains the complex issues Ethiopia's financial sector confronts, from forex shortages to limited credit access, with potential solutions to usher in a new age of finance. And, he shares candid advice for those seeking to influence their industries and catalyze change in today's dynamic world.

Plus, stay informed on features Startups ( and ), Growth Opportunities & Economic News, and practical, science-based techniques to help unlock your brain's true capacity.

Click the link in bio for more 👆🏾

15/06/2023

The 6th edition of Spotlight Ethio’s Digital Magazine is officially out, with Mered Fikireyohannes❗️

A key figure championing Ethiopia's financial renaissance, Mered stands at the helm of the nation's finance sector as the Founding Partner and CEO at Pragma Investment Advisory and Executive Board Member at Kazana Group. In this exclusive interview, Mered demystifies the complex world of Ethiopia's capital markets, laying bare the strategies, challenges, and potential this burgeoning frontier holds.

This issue is a must-read for those seeking to understand the forces shaping the Ethiopian economic landscape and its future trajectory. Click the link in bio for more 👆🏾

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𝐆𝐢𝐯𝐞𝐚𝐰𝐚𝐲 𝐀𝐥𝐞𝐫𝐭 📣 Enter Spotlight Ethio's Holiday Giveaway today!! It's simple! All you have to do is follow these easy steps and you'll automatically be entered into the competition for a chance to WIN a $100 Amazon Gift Card. 📌STEP 1: Follow & Like Spotlight Ethio 📌STEP 2: Tag 3 friends in the comments section 📌STEP 3. Sign up as a member at http://www.spotlightethio.com/giveaway GOOD LUCK! Giveaway ends on January 10, 11:59pm. One winner will be chosen at random and contacted via email. Full contest rules on our website. 𝐀𝐛𝐨𝐮𝐭 𝐔𝐬: As the premier platform for Ethiopians, Africans, and the diaspora, we deliver online business magazines and exclusive podcast interviews accessible at http://www.spotlightethio.com

Kushineta is a skateboard pioneer start-up that helped build the local skateboard scene in Addis Ababa and produces boards, streetwear and gives skate lessons. Founded by four passionate skateboarders, Kushineta is the first licensed Ethiopian manufacturer of skateboards, skateboarding apparel and locally manufactured streetwear for the young skate community. With the skateboard scene in Africa rapidly growing, and Ethiopia already having a large skate scene, Kushineta saw the opportunity to produce and one day distribute skateboards and streetwear to the growing African market. Kushineta’s focus is to empower kids by giving them access to free skateboards, to skateparks, and to skateboard training, thus allowing them to practice and gain skills. They also provide an opportunity for them to learn a new sport and extracurricular activity, in turn building confidence and empowering youth. 👉🏾 ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ ✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ @spotlightethio ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ . . . . . . . . . . . . #ethiopia #kushineta #skateboardethiopia #addispark #streetsofaddis #madeinethiopia #addisskatepark #africaskateboarding #ethiopiaskate #africanstartups #ethiopianentrepreneurs #africanentrepreneurs #ethiopianstartups #ethiopianbusiness #africanbusiness #habesha #habeshabusiness #ethiopian #eastafrican #addisababa #eastafrica #habeshas #ethiopians #spotlightethio

To be the best you have to work overtime. Lij Michael is considered to be the most popular hip-hop artist in Ethiopia and known as one of the originators of the Ethiopian rap movement, helping put the genre onto the country’s music scene. Being a rapper, songwriter and producer he has become the main reference for the latest generation of local musicians by fusing Ethiopian sounds with hip-hop. Lij Michael was nominated for the MTV Africa Music Award for Listener’s Choice and crossed over internationally when he was selected to collaborate on Coke Studio Africa. 👉🏾 ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ɪɴsᴘɪʀɪɴɢ ᴇɴᴛʀᴇᴘʀᴇɴᴇᴜʀs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ ✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ @spotlightethio ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ! . . . . . . . . #ethiopia #eastafrican #africanmusic #ethiopianmusic #addisababa #nightlifeinaddis #quoteoftheweek #lijmichael #ethiohiphop #ethiopianhiphop #africanhiphop #teamwana #ethiopianartist #habeshaartist #ethiopiandj #habeshamusic #ethiopianmen #ethiopiandiaspora #mtvafrica #ethiopianbusiness #habesha #eastafrican #habeshabusiness #ethiopian #spotlightethio

The secret of success is conviction and persistence. Ethiopia Habtemariam is the Chairwoman and CEO of Motown Records, and is one of the highest-ranking black women at a major record label. Motown’s resurgence and powerful partnerships under Ethiopia’s leadership has advanced the label’s legacy as home to some of today’s biggest hitmakers and most meaningful voices in music. Ethiopia has been recognized on numerous occasions for categories including: Billboard’s Power 100 List, Hip-Hop Power Player List, Women in Music, Top 40 under 40 Executive along with Variety’s Women’s Impact Report. 👉🏾 ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ɪɴsᴘɪʀɪɴɢ ᴇɴᴛʀᴇᴘʀᴇɴᴇᴜʀs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ ✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ @spotlightethio ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

Samrawit Fikru is the Founder and CEO of Hybrid Designs, the company behind the most popular taxi hailing app in Ethiopia, RIDE. Starting with only $2,000 of her own savings, Samrawit managed to modernize and disrupt the traditional taxi business in the capital, Addis Ababa. 👉🏾 ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ ✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ @spotlightethio ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

Discipline is the bridge between goals and accomplishment. Rophnan is a widely acclaimed musician, producer, singer, composer, and DJ and is considered as one of the most influential artists in Ethiopia and Africa. He introduced a completely new style of music by fusing traditional Ethiopian elements with electronic music. Rophnan was named one of the continent’s top influencers on Forbes Africa’s 30 Under 30 list in the Creative Category and entered the world stage when he was featured on Major Lazer’s mixtape. 👉🏾 ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ɪɴsᴘɪʀɪɴɢ ᴇɴᴛʀᴇᴘʀᴇɴᴇᴜʀs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ ✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ @spotlightethio ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ! Video: @mellaethiopia

Zafree is introducing 100% tree-free paper pulp that uses agricultural waste instead of wood. The Ethiopian-based company already has a strong customer pipeline not only in Ethiopia, but all over Africa. It recently launched a crowdfunding campaign for the next phase of its growth plan.⁠ Zafree saves trees from being cut⁠ and prevents farmers from burning crop-residue which leads to air pollution⁠. Zafree also provides an additional income for over 8,000 smallholder farmers in Ethiopia by buying their crop-residue to produce paper pulp.⁠ ⁠ 👉🏾 ᴄʜᴇᴄᴋ ᴏᴜᴛ ᴍᴏʀᴇ ʀᴇᴠᴏʟᴜᴛɪᴏɴᴀʀʏ ɪɴɪᴛɪᴀᴛɪᴠᴇs ᴀᴛ ᴛʜᴇ ʟɪɴᴋ ɪɴ ᴏᴜʀ ʙɪᴏ ✅ ʟɪᴋᴇ, sʜᴀʀᴇ & ғᴏʟʟᴏᴡ @spotlightethio ғᴏʀ ᴍᴏʀᴇ ᴄᴏɴᴛᴇɴᴛ!

Beginning with just himself and one driver as the only employees, Feleg managed to grow his company’s daily deliveries by over 630% since receiving its initial investment. As the first and leading online food delivery service in Ethiopia, Deliver Addis has opened a new market space for delivery services in the country. 👉🏽 Check out more revolutionary initiatives at the link in our bio⁠ ✅ Like, Share & Follow @spotlightethio for more content!

Samuel is transforming one of Africa’s most challenging social problems into a new source of wealth by turning mountains of garbage into electricity - the first of its kind in Africa. 👉🏾🔗 Click the link in our bio to see why Africa’s first major waste-to-energy facility will help ensure a sustainable future ✅ Like, Share & Follow @spotlightethio for more content!

Bethlehem Tilahun has been recognized by Forbes as one of the World’s 100 Most Powerful Women and ranked as one of CNN’s Top 12 Women Entrepreneurs of the Last Century. She is a globally recognized serial entrepreneur who founded soleRebels, the world’s fastest growing African footwear brand, Garden of Coffee, and most recently Selam Mortgage Bank. 👉🏾🔗 Click here to see how Bethlehem built her Business Empire https://youtu.be/CG22n6H61xM ✅ Like, Share & Follow @spotlightethio for more content!

Who says Drones can’t be used for social good? Tizzita is proving it’s possible by building drones for medical and blood delivery in hard to reach rural areas. Her company, Maisha Technologies is also the first and only drone manufacturer in Ethiopia. 👉🏾🔗Click here to see how this social enterprise is using tech for good https://youtu.be/HiMi86UNUP8 ✅ Like, Share & Follow @spotlightethio for more content!

“On the African continent where nations are racing to build a digital economy, we suffer from a shortage of developers, the real architects of this digital economy.” -Nathan Damtew Nathan’s app, BeBlocky, aims to change this narrative by using gaming to educate a new generation of African programmers. 👉🏾🔗Click this link to see why this app has racked in +10,000 downloads in a short time.

So many people dream of turning their side hustle into the main one. Few do, and Yoadan is one of the few who managed to take action and succeed 👉🏽Watch the full video to see how Yoadan made it happen 🔗 Link https://youtu.be/q15EXtOXDUg

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