investment

Andela Announces $200 million investment led by SoftBank – etbaba.com

Andela, the global network for remote engineering talent, today announced $200 million in Series E financing that values the company at $1.5 billion. The round was led by Softbank Vision Fund 2* with participation from new investor Whale Rock and existing investors including Generation Investment Management, Chan Zuckerberg Initiative, and Spark Capital. Lydia Jett, Founding …

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Djibouti based investors to establish abattoir in Ethiopia – etbaba.com

In a bid to best exploit & add value to the untapped massive livestock resource in Ethiopia, Djibouti based investors from different African countries have made a three days investment visit deciding to establish state of the art abattoir. When the new abattor goes operational, the processing plant will have an initial processing capacity of …

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Abidjan set to host Africa Investment Forum – etbaba.com

The Africa Investment Forum will hold its 2021 Market Days in Abidjan, Côte d’Ivoire, from the 1-3 of December 2021. The annual business gathering will showcase transformative investment opportunities across the African continent, many of which hold the potential to drive Africa’s recovery from the Covid-19 pandemic. Invited participants to this third edition, including investors, …

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Align Financial Holdings acquires NationsBuilders Insurance Services – etbaba.com

Align Financial Holdings, LLC, a leading general agency and specialist program underwriting manager, announced that it has acquired NationsBuilders Insurance Services, Inc. (“NBIS”). NBIS is an underwriting manager specializing in providing risk management, underwriting and claims handling expertise to the crane & rigging, specialized transportation, concrete pump and equipment rental, and dealer industries. The acquisition …

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Ethiopia, Switzerland agree to avoid double taxation – etbaba.com

The Government of Ethiopia today signed double taxation avoidance agreement with the Government of Switzerland. The agreement is signed between the Finance Minister of Ethiopia Ahmed Shide, and Ambassador of Switzerland in Ethiopia Tamara Mona. The deal is said will encourage investors from Switzerland to invest in Ethiopia and Ethiopians interested to access Switzerland market …

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Algeria’s Groupe Industriel Sidi Bendehiba to invest in Ethiopia – etbaba.com

Algeria’s Groupe Industriel Sidi Bendehiba (GISB), which is specialized in electric cables production eyes investment opportunities in Ethiopia. The company’s managers on Wednesday have conducted online investment tour in Ethiopia looking at the potentials investments the east African country is offering for foreign investors, according to the statement of Ministry of Foreign Affairs of Ethiopia. …

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Bole-Lemi industrial park secures over $44Mn from export – etbaba.com

Bole-Lemi Industrial Park has secured 44.5 million USD from export during the concluding Ethiopian fiscal year. Ethiopian Industrial Parks Corporation today organized a media tour to see the activities of parks in Addis Ababa. During the occasion, Bole-Lemi Industrial Park Manager, Tinsae Yimamu told journalists that the Park has secured 44.5 million USD from export …

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New ITC guide lays out the business case for sustainable investment – etbaba.com

Guidance to invest sustainably in markets. Four companion guides complement the handbook by listing the mandatory sustainability requirements in Ethiopia, Kenya, Mozambique and Zambia. Caring for the environment and local communities is good for business – and that’s just one reason international investors should embed sustainability in each step of their operations. With COVID-19 putting …

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Ministry calls for concerted efforts for sustainable regional growth – etbaba.com

The Transport Minister of Ethiopia Dagmawit Moges called for concerted efforts among Ethiopia, Kenya and South Sudan to realize sustainable growth in the horn region. Addressing participants of the Lamu Port-South Sudan-Ethiopia-Transport (LAPSSET) Project review meeting in Addis Ababa, Dagmawit stressed enhanced cooperation among Africans for the realization of sustainable social and economic growth in …

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