Beemi Raises $1M to Scale Ethiopia’s First Gamified Livestreaming Platform Across Africa

Subscriber loss and forex losses hit pay-TV giant Multichoice hard. But a near-doubling of cost savings and up to 31% local price hikes across Africa allowed the company to cushion blow. By Team ShegaEthiopia's draft budget for the upcoming fiscal year reaches a historic 1.93 trillion Birr, a 34.4% increase. But the burden of debt looms large, with 463 billion Birr earmarked for debt servicing. By Munir Shemsu