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Trends in African Startup Funding Show a Shift in Investor Focus
In 2023, African startups secured a total of $2.9 billion in funding across equity, debt, and grants for deals exceeding $100k, marking a...
merabweri
Feb 26, 20241 min read


Six of the Top 10 Performing Economies in the World are Expected to Come From Sub-Saharan Africa in 2024.
According to the IMF, six of the top-10 fastest-growing economies are expected to emerge from Sub-Saharan Africa. Ivory Coast, leading...
merabweri
Feb 26, 20241 min read


Chinese Lending to Africa Fell to its Lowest Level in Two Decades
Over the past two decades, China has emerged as one of the largest business partners for sub-Saharan Africa, purchasing over a fifth of...
spotlightethio
Jan 2, 20241 min read


Major Shift in Investment Strategies Across Sectors in East Africa
A new report reveals a remarkable shift in where investors are focusing their attention in East Africa, a trend driven by recent global...
spotlightethio
Nov 5, 20231 min read


Africa Accounts For 66% Of The World's $1.2 Trillion Mobile Money Market
In a clear indicator of the rise of digital finance, mobile money services are growing faster than anticipated globally and most notably...
spotlightethio
Aug 9, 20231 min read


Africa Has At Least 345 Companies With Revenues of $1 Billion Or More
Africa is home to many large companies: at least 345 companies have annual revenues of at least $1 billion and collectively, they produce...
spotlightethio
Aug 9, 20231 min read


87% of Ethiopia's Energy Consumption is Powered by Renewables
Africa is the one region of the world where renewables play a truly dominant role in energy consumption. About 87% of Ethiopia's energy...
spotlightethio
Apr 21, 20231 min read


Venture Capital Funding Continued To Grow In Africa Despite Global Slump
The African Tech sector was one of the few, if not the only, VC markets to boast net growth funding and deals in 2022. VC funding grew 8%...
spotlightethio
Mar 6, 20231 min read


The Cost of Starting A Business In Ethiopia Is $152.78 USD
Reforms are underway to make the process cheaper and simpler to start a business in Ethiopia 📈 This will spur innovation, economic...
spotlightethio
Feb 9, 20231 min read


Ethiopia Is Emerging As A Global Offshoring Destination
Offshoring is when a business moves some of its operations overseas to reduce costs and access a larger pool of skilled people. As labour...
spotlightethio
Feb 5, 20231 min read


Ethiopia’s Economy Grew The Fastest In Africa From 2010 to 2019, Averaging 9.45% Per Year
Ethiopia was the fastest growing economy in Africa between 2010 and 2019 📈 Ethiopia’s economy experienced strong, broad-based growth...
spotlightethio
Feb 5, 20231 min read


Addis Ababa Ranks Second As World’s Best Location To Set Up Data Centers.
According to the latest fDi Intelligence study, Addis Ababa ranked as the world’s second-best location to set up a data center. Beijing...
spotlightethio
Feb 5, 20231 min read


More Than Half Of Global Population Growth Between Now And 2050 Will Occur In Africa.
According to recent UN forecasts, the population of Africa is projected to double by 2050 to over 2 billion, accounting for most of the...
spotlightethio
Feb 5, 20231 min read


Foreign Direct Investment To Ethiopia Grew By 79% To $4.3 Billion In 2021.
Foreign direct investment (FDI) flows to Ethiopia grew by 79% to $4.3 billion in 2021, making it one of the top FDI country destinations...
spotlightethio
Feb 5, 20231 min read


Total Private Wealth Held In Africa Is Expected To Reach $3 Trillion USD By 2031.
The total private wealth currently held by individuals on the African continent is US$2.1 trillion and is expected to rise by 38% over...
spotlightethio
Feb 5, 20231 min read


Ethiopia Is Widening The Gateway To Foreign Investment In Certain Sectors.
As part of its massive investment reforms, Ethiopia has opened certain segments of the economy to foreign investors in efforts to boost...
spotlightethio
Feb 5, 20231 min read


Ethiopia’s Bonds Are The Best-Performing Sovereign Debt In Emerging Markets This Year.
According to Bloomberg, Ethiopia’s bonds are the best-performing sovereign debt in emerging markets this year. The bonds have rallied 6...
spotlightethio
Feb 5, 20231 min read


Africa’s Internet Economy Will Reach $180 Billion By 2025 And $712 Billion By 2050.
Africa’s Internet economy has the potential to reach $180 billion by 2025, accounting for 5.2% of the continent’s gross domestic product...
spotlightethio
Feb 5, 20231 min read


Ethiopia Attracted $1.9 Billion In Foreign Direct Investment Last Quarter.
Ethiopia Attracted Foreign Direct Investment (FDI) Worth Over $1.9 Billion USD over the past four months of 2021. According to the...
spotlightethio
Feb 5, 20231 min read


Ethiopia’s Digital Economy Will Reach 3 Trillion ETB by 2025.
The market size of digitally transacted economic activity will show a nine-fold increase by 2025, reaching just above Birr 3 trillion or...
spotlightethio
Feb 5, 20231 min read


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