Report by Games Industry Africa Reveals that Ethiopia Generated Annual Gaming Revenue of 35 Million Dollars in 2021
In an article posted on January 17th, “State of the African Games Industry 2022”, Games Industry Africa published a report on the gaming industry of five major countries in Sub-Saharan Africa: Ethiopia, South Africa, Kenya, Ghana, and Nigeria.
@EthiopianBusinessDaily
In an article posted on January 17th, “State of the African Games Industry 2022”, Games Industry Africa published a report on the gaming industry of five major countries in Sub-Saharan Africa: Ethiopia, South Africa, Kenya, Ghana, and Nigeria.
@EthiopianBusinessDaily
Ethiopia’s 3 Year Economic Recovery Plan Set to be Implemented in the Coming Fiscal Year (2015 E.C)
A three-year plan to revive Ethiopia’s economy was disclosed by the Ministry of Planning and Development in April 2022, as Fana Broadcating Corporate reported.
@EthiopianBusinessDaily
A three-year plan to revive Ethiopia’s economy was disclosed by the Ministry of Planning and Development in April 2022, as Fana Broadcating Corporate reported.
@EthiopianBusinessDaily
Ethiopian Reinsurance Appointed New Chairperson and Vice-Chairperson
Ethiopian Reinsurance has announced the appointment of new board leadership, Chairperson and Vice-Chairperson.
@EthiopianBusinessDaily
Ethiopian Reinsurance has announced the appointment of new board leadership, Chairperson and Vice-Chairperson.
@EthiopianBusinessDaily
Korean Company POSCO to Support Ethiopia in Steel Production
The Korean Steel Manufacturer POSCO is to provide support in steel production in Ethiopia. Ethiopia's Minister of Mines and Petroleum Takele Uma said he has held discussions with POSCO's executives and experts.
@EthiopianBusinessDaily
The Korean Steel Manufacturer POSCO is to provide support in steel production in Ethiopia. Ethiopia's Minister of Mines and Petroleum Takele Uma said he has held discussions with POSCO's executives and experts.
@EthiopianBusinessDaily
Ethiopia Collects Over 27.1Bn Birr Revenues in a Month
Ethiopia's Ministry of Revenues announced that it has collected over 27.13 billion birr in the thirty-day period from March 10 to April 8, 2022, achieving 99.67 percent of its target of collecting 27.22 billion birr.
@EthiopianBusinessDaily
Ethiopia's Ministry of Revenues announced that it has collected over 27.13 billion birr in the thirty-day period from March 10 to April 8, 2022, achieving 99.67 percent of its target of collecting 27.22 billion birr.
@EthiopianBusinessDaily
The National Bank of Ethiopia Releases the Guideline on the Licensing Process for Payment Processing Operators
Payment processing service providers are the ones who are behind the seemingly simple swipe of your credit or debit card at stores, ensuring the smooth transfer of funds from and to all interested parties.
Back in August 15th of 2020, a directive that allowed FinTech companies to start offering payment processing and related services in Ethiopia (Licensing and Authorization of Payment System Operators Directive-ONPS/02/2020) was published to the delight of both business owners and consumers alike. It was a historical occurrence that opened up new opportunities in the financial sector of the country. Consequently, five licenses are included in the payment system operator directive, namely National Switch, Switch Operator, ATM Operator, POS Operator, and payment gateway license.
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@EthiopianBusinessDaily
Payment processing service providers are the ones who are behind the seemingly simple swipe of your credit or debit card at stores, ensuring the smooth transfer of funds from and to all interested parties.
Back in August 15th of 2020, a directive that allowed FinTech companies to start offering payment processing and related services in Ethiopia (Licensing and Authorization of Payment System Operators Directive-ONPS/02/2020) was published to the delight of both business owners and consumers alike. It was a historical occurrence that opened up new opportunities in the financial sector of the country. Consequently, five licenses are included in the payment system operator directive, namely National Switch, Switch Operator, ATM Operator, POS Operator, and payment gateway license.
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Read more
@EthiopianBusinessDaily
Ethio Telecom offers women long term payment options for purchase of phones
Ethio telecom has offered women the option to purchase Samsung, Nokia and other phone brands through long term monthly payments as low as 245.63 ETB.
The customers shall however present a supporting letter from their place of work to serve as guarentee of payment.
@Ethiopianbusinessdaily
Ethio telecom has offered women the option to purchase Samsung, Nokia and other phone brands through long term monthly payments as low as 245.63 ETB.
The customers shall however present a supporting letter from their place of work to serve as guarentee of payment.
@Ethiopianbusinessdaily
Ethiopia Plans to Harvest 2.6Mn Hectares in a Year Using Cluster Farming
Ethiopia's Agricultural Transformation Agency (ATA) announced that plans are underway to harvest 2.6 million hectares of land using cluster farming in the coming harvest year, and also implement market-led farming.
@Ethiopianbusinessdaily
Ethiopia's Agricultural Transformation Agency (ATA) announced that plans are underway to harvest 2.6 million hectares of land using cluster farming in the coming harvest year, and also implement market-led farming.
@Ethiopianbusinessdaily
Global growth optimism hits all-time low – research
A monthly survey by investment bank BoFA Securities has shown that optimism among fund managers over global economic growth has fallen to historic lows. The contraction comes amid concerns about possible stagflation, which is at its highest since August 2008.
According to the report, released on Tuesday, a net 71% of those polled were pessimistic about global growth prospects in the coming months. That is the most since the survey records began in the early 1990s.
@Ethiopianbusinessdaily
A monthly survey by investment bank BoFA Securities has shown that optimism among fund managers over global economic growth has fallen to historic lows. The contraction comes amid concerns about possible stagflation, which is at its highest since August 2008.
According to the report, released on Tuesday, a net 71% of those polled were pessimistic about global growth prospects in the coming months. That is the most since the survey records began in the early 1990s.
@Ethiopianbusinessdaily
Are you a startup and or technology company in Ethiopia? Have you raised a fund in 2021?
Add your information and be included in an upcoming comprehensive funding report about the Innovation funding landscape in the country.
If you are a startup, technology company, or a company with an innovative business model from Ethiopia and received any funding (equity, grant, competition, loan...) in 2021 or 2022, please fill out your details below.
http://bit.ly/AddYourDealEthiopia
Via- @shegahq
Add your information and be included in an upcoming comprehensive funding report about the Innovation funding landscape in the country.
If you are a startup, technology company, or a company with an innovative business model from Ethiopia and received any funding (equity, grant, competition, loan...) in 2021 or 2022, please fill out your details below.
http://bit.ly/AddYourDealEthiopia
Via- @shegahq
Ethiopia Set to Use Cluster and Market-led Farming to Harvest 2.6 Mn Hectares of Land
A tweet by ATA on April 17, 2022, reported that 1.9 M farmers will benefit and be able to increase the productivity of wheat from 30 to 45 quintals and maize from 40 to 60 quintals per hectare using cluster farming technique in the coming harvest season.
The country’s agro-ecological diversity, according to the ATA 2020/21 annual report, makes it suitable for growing over 100 types of crops, with 74.3 million hectares of arable land spread across 18 major agroecological zones at altitudes ranging from 148 meters to 4,620 meters above sea level.
According to Trading Economics global macro models and analysts’ forecasts, Ethiopia’s GDP from agriculture is expected to reach 715.92 ETB billion by the end of 2022.
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@EthiopianBusinessDaily
A tweet by ATA on April 17, 2022, reported that 1.9 M farmers will benefit and be able to increase the productivity of wheat from 30 to 45 quintals and maize from 40 to 60 quintals per hectare using cluster farming technique in the coming harvest season.
The country’s agro-ecological diversity, according to the ATA 2020/21 annual report, makes it suitable for growing over 100 types of crops, with 74.3 million hectares of arable land spread across 18 major agroecological zones at altitudes ranging from 148 meters to 4,620 meters above sea level.
According to Trading Economics global macro models and analysts’ forecasts, Ethiopia’s GDP from agriculture is expected to reach 715.92 ETB billion by the end of 2022.
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Read more
@EthiopianBusinessDaily
Ethiopia Records an All-Time High Coffee Export Revenue of $894Mn within Nine Months of the Current Fiscal Year
True to the Ethiopian Coffee and Tea Authority forecast, Ethiopia seems to be headed in the direction of obtaining the targeted 1-billion-dollar worth of coffee export revenue by July 2022, the end of this budget year.
@EthiopianBusinessDaily
True to the Ethiopian Coffee and Tea Authority forecast, Ethiopia seems to be headed in the direction of obtaining the targeted 1-billion-dollar worth of coffee export revenue by July 2022, the end of this budget year.
@EthiopianBusinessDaily
Ethiopia Secures $390Mn from Nine-Month Manufacturing Exports
Ethiopia has obtained $390 million from exports of the manufacturing industry, Melaku Alebel, Ethiopia's Minister of Industry, announced. This, he pointed out, stands 87 percent of the target set for the period.
@EthiopianBusinessDaily
Ethiopia has obtained $390 million from exports of the manufacturing industry, Melaku Alebel, Ethiopia's Minister of Industry, announced. This, he pointed out, stands 87 percent of the target set for the period.
@EthiopianBusinessDaily
Codebase Technologies Hosts Ethiopia Executive Briefing to Discuss the Opportunities in Designing the Ultimate Omnichannel Banking Experience
Key topics discussed at the Executive Briefing were the role of regulators in fast-tracking digital transformation, major drivers for Ethiopian banks looking for omnichannel solutions, what to expect from foreign banks entering the Ethiopian market, and the state of readiness of Ethiopia for omnichannel solutions.
@EthiopianBusinessDaily
Key topics discussed at the Executive Briefing were the role of regulators in fast-tracking digital transformation, major drivers for Ethiopian banks looking for omnichannel solutions, what to expect from foreign banks entering the Ethiopian market, and the state of readiness of Ethiopia for omnichannel solutions.
@EthiopianBusinessDaily
Ethiopia: Contraband Items Worth Over 3.5Bn Birr Seized in 9 Months
The Ethiopian Customs Commission said it has seized contraband items worth over 3.5 billion birr at its various branches over a period of nine months.
@EthiopianBusinessDaily
The Ethiopian Customs Commission said it has seized contraband items worth over 3.5 billion birr at its various branches over a period of nine months.
@EthiopianBusinessDaily
Ethiopian Electric Power Inks Deal with Chinese Company TBEA for Purchase of GIS Switchgear
Ethiopian Electric Power (EEP) announced it has signed a framework agreement for the purchase of GIS Switchgears with the Chinese Company TBEA Co., Ltd. Inking the $16.4 million purchase agreement were Ashebir Balcha, EEP's CEO and David Hao, TBEA's representative.
@EthiopianBusinessDaily
Ethiopian Electric Power (EEP) announced it has signed a framework agreement for the purchase of GIS Switchgears with the Chinese Company TBEA Co., Ltd. Inking the $16.4 million purchase agreement were Ashebir Balcha, EEP's CEO and David Hao, TBEA's representative.
@EthiopianBusinessDaily
No less than 15 leather manufacturers have closed shops in Ethiopia. The list is long but includes Hafede, Walya, Debre Birhan, Mersa, Sheba and Kombolcha tanneries.
@EthiopianBusinessDaily
@EthiopianBusinessDaily
Awash Insurance, which has over 1b Br in written premiums, is the latest to have a presence in the financial district. Several other institutions, such as the BoA and Bunna Bank, are expected to erect their headquarters in the area over the coming years.
@EthiopianBusinessDaily
@EthiopianBusinessDaily
In 2019, in partnership with the Bill & Melinda Gates Foundation, the Ethiopian government launched the "Digital Agricultural Advisory Services" programme, with a 17.5 million dollars budget spread over five years.
@EthiopianBusinessDaily
@EthiopianBusinessDaily
Ethiopian Electric Power has signed a 16.4 million USD Electrical Equipment Purchase Agreement
Ethiopian Electric Power (EEP) has signed a 16.4 million U.S. dollars electrical equipment purchase agreement with TBEA Co., Ltd., a private limited company (TBEA Co., Ltd) for the purchase of GIS Switch Gir framework.
@EthiopianBusinessDaily
Ethiopian Electric Power (EEP) has signed a 16.4 million U.S. dollars electrical equipment purchase agreement with TBEA Co., Ltd., a private limited company (TBEA Co., Ltd) for the purchase of GIS Switch Gir framework.
@EthiopianBusinessDaily