- Prime Minister Abiy Ahmed inaugurated the SkyWin Aeronautics Industry to bolster domestic drone manufacturing capabilities.
- The government aims to foster self-reliance through this aerospace initiative.
- Cooperative Bank of Oromia and Kifiya Financial Technologies launched Michu Mizan, a Sharia-compliant financing product.
- This new digital financing program expands financial access to micro, small, and medium enterprises in Ethiopia.
Fana (English)
Ethiopia builds domestic drone manufacturing, including SkyWin Aeronautics Industry
Prime Minister Abiy Ahmed inaugurated the SkyWin Aeronautics Industry on February 7, 2025, as part of Ethiopia's effort to build domestic drone manufacturing capacity. This initiative, reported by Fana, aims to reduce reliance on imported technology and shift toward self-reliance. The industry is supported by Aero Abay in Addis Ababa, which adds aeronautical engineering expertise and assembly capacity. The development involves collaboration among the Ethiopian Air Force, INSA, and the Ethiopian Artificial Intelligence Institute.
Fana (English)
stockmarket.et (Telegram)
Cooperative Bank of Oromia and Kifiya Launch Michu Mizan, Sharia-Compliant Digital Financing Product
Cooperative Bank of Oromia and Kifiya Financial Technologies launched Michu Mizan, a Sharia-compliant digital financing product. This product is designed to increase access to finance for micro, small, and medium enterprises and smallholder farmers in Ethiopia. Kifiya explains that the product combines the bank's financing capacity with Kifiya's digital infrastructure and AI-powered risk assessment. According to Kifiya, the pilot phase of the program has already provided more than ETB 200 million to over 4,000 businesses.
stockmarket.et (Telegram)
Sent by the Observatory.