Ethiopian Startup Funding: Challenges Explained
Startups in Ethiopia secure an average of $240,000 in funding, with 70% reporting annual revenues of $20,000 or less. The Startup Proclamation Act aims to simplify regulations and introduce alternative funding methods like crowdfunding and angel investments.
Milken-Motsepe FinTech Prize Announces 10 Semifinalists
Milken Institute and Motsepe Foundation selected 10 semifinalists for the FinTech Prize. Each semifinalist receives USD 100K to develop financial inclusion solutions.
