A new report on Ethiopia’s startup landscape reveals that funding is concentrated among a few prominent firms, with the overall enterprise valuation at $302 million. Compiled by GrowthAfrica and Systemic Innovation, the report analyzes data from 562 companies, highlighting that no firms surpassed a $200 million valuation until 2024. Despite modest growth in funding, with the highest single firm investment reaching $42 million, the ecosystem remains underfunded compared to other African nations. Job creation has improved, now employing around 30,000, but innovation is lacking, with only two firms holding patents. Challenges include limited access to credit and regulatory hurdles.