By Lucidity Insights Research Team • January 30, 2025
Meet Ethiopia's Own Silicon Valley - Sheba Valley, and Its Top Startups
Ethiopia’s Sheba Valley—a name inspired by the legendary Kingdom of Sheba—is rising as a vibrant force in Africa’s tech and startup scene. What started as a small but determined innovation hub has rapidly evolved into a powerhouse of entrepreneurship. In just five years, over 85 startups have secured a remarkable $95 million in venture capital, propelling the ecosystem’s valuation to $300 million, a 200% increase since 2019.
From edtech to mobility and food delivery, Sheba Valley is fostering solutions that touch everyday lives, with companies like Gebeya, ZayRide, and beU Delivery securing backing from global investors Orange Ventures, Partech, and MiraclePlus.
With Ethiopia cementing its place as a top six economy in Africa, Sheba Valley is more than a startup hub—it’s a vision unfolding. A community of innovators, dreamers, and builders shaping the future of African tech.
Watch the video now and see how Ethiopia is rewriting its digital story! 🚀 Let me know if you’d like any further refinements!
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The Future of Fintech in Africa
Eighteen percent of the world’s population lives in Africa, and 57% of Africans are ‘unbanked’, without a bank account or a digital wallet. This presents a massive opportunity, making fintech the most dominant and funded tech sector in Africa today. This special report highlights how African fintechs not only have one of the largest total addressable markets globally but are also crucial for achieving financial inclusion and empowering unbanked populations. The potential impact of a successful fintech in Africa is unparalleled. To learn more about the drivers, barriers, and opportunities in African fintech, as well as progress toward financial inclusion, read the special report.
Other Videos
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With over one-third of all scaleups in Africa being fintech companies, Africa is emerging as a promising frontier in fintech. Discover the African fintech opportunity in this video.
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Amidst the global fintech landscape with over 300 unicorns, Africa shines with its own set of 6. Care to discover who they are? This video holds the answers you seek.
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Which eleven key countries contribute the highest GDP in Africa, and what are the associated data and challenges pertaining to technology adoption in these markets?
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As Africa emerges as the future frontier of fintech innovations, it's important to address the challenges that startups face on their path to success. Watch this video to learn more.
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Out of the 54 countries in Africa, there are 3 key markets that account for nearly half of the continent's GDP, and also serve as a hotbed for fintech startups. Explore these countries in this video.
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Did you know that Africa is home to one out of every five people on the planet? Learn about the population distribution and demography of African countries by watching this short video.
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While various driving forces push Africa's fintech forward, barriers and systemic challenges still hinder mass adoption and financial inclusion. What are those challenges? Find out in our video.
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What are the most funded tech startups in Nigeria? In the one of the leading tech ecosystem in Africa, these local innovative startups are gaining attention and funds
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How did mobile money grow in Africa, and how did fintech drive this change? Learn about fintech's impact on Africa's underbanked through this video.
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Discover how countries like Nigeria, South Africa, Egypt, and Kenya collectively raised over $3.03 billion in the past five years, reshaping the financial landscape of the continent
