Kabba, Student-Centric Ride-Sharing Platform Unlocks Fresh Market in Addis Ababa

Three years ago, Blen Hailu, after a decade of working in the banking industry, transitioned to a new chapter in life by starting a family. Blen, who holds a Master’s Degree in Developmental Economics, was a mother of two at the time and was facing challenges in transporting her kids to and from school.

“The existing transportation service for students lacks quality and is unreliable, and unsafe. The drivers and attendants are not adequately trained and responsible for the well-being of the children,” states Blen.

According to Blen, parents face numerous issues, such as being unable to monitor their children’s trips. Some schools do have their own transportation service for kids. But parents have no choice in selecting the car or driver, as the service was assigned through the school, limiting their control over the transportation arrangements. Moreover, there was no guarantee of service continuity if the assigned car or driver encountered issues.

Blen real…

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Maleda Innovative Financing Unlocks 1 Million Birr in Collateral-Free Loans for Startups, SMEs

Maleda, a collaborative initiative between Sumuni Creative Solutions, Partnership for Change, and Amhara Bank, is aiming to support startups and small and medium-sized enterprises (SMEs) in Ethiopia by providing collateral-free loans of up to one million birr.

The innovative financing, open to registered and post-revenue businesses at the pre-seed stage, provides additional assistance to the ecosystem by offering access to finance, market linkage, and media exposure as part of its support package.

The collateral-free loans, allocated by Amahara Bank, one of the recent entrants in the banking sector, come with a repayment period ranging from 12 to 18 months. These loans carry an interest rate of 17% and a grace period of 3 months.

“Maleda aims to address the ‘missing middle’ in Ethiopia. There is a disconnection between microfinance institutions and banks, where S…

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