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investment

IFC invests $50 million in Lagos Free Zone Company – etbaba.com

The International Finance Corporation (IFC) has announced an equity investment of up to $50 million in Lagos Free Zone Company. The investment is aimed at supporting the development and expansion of Nigeria’s first deepsea port-based, private special economic zone, the Lagos Free Zone. This investment is designed to address critical infrastructure gaps, attract local and …

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Cash light VS serve the unbanked community – etbaba.com

BY EYERUSALEM HADGU – Since the launch of mobile banking services in Ethiopia by MBIRR in September 2015, I have spent eight years in this sector. Throughout this time, I have participated in various conferences focusing on digital financial services, particularly payment systems. A recurring theme in the panels and presentations at these events is …

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Ethiopia launches Ethiopian Security Exchange (ESX) – etbaba.com

As part of its market liberalization, Ethiopia on Friday launched Ethiopian Security Exchange (ESX) at the presence of Prime Minister Abiy Ahmed. It is stated that the ESX is now open for business, ready to connect opportunities with investors, empower businesses, and fuel economic growth. “In a historic milestone for our economic and financial landscape, …

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Addis set to host future tech expo 2025 – etbaba.com

RCNDC Consultancy, an IT consulting and software solutions provider, in partnership with the FDRE Ministry of Education and the FDRE Ministry of Innovation, announced the Future Tech Addis Expo 2025. This event will take place at the prestigious Skylight Hotel in Addis Ababa, bringing together global tech leaders, innovators, entrepreneurs, policymakers, and investors to shape …

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Ethiopia startup data hub launched – etbaba.com

The Ministry of Innovation and Technology of Ethiopia, Systemic Innovation, and GrowthAfrica, in partnership with Dealroom.co today launched the Ethiopian Startup data Hub. The hub is said a transformative, open-access database designed to drive data-driven insights and foster international connections for Ethiopia’s dynamic startups and growth ventures. The platform enhances visibility, strengthens connections, and promotes …

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Economic cooperation at center of President Biden’s visit to Angola – etbaba.com

Mainly focusing on business and investment cooperation, President Biden of the United States of America is set to visit Angola from December 2nd through 4th, says a US official. His visit will highlight how this visit builds on his bilateral meeting with President Lourenço in November 2023, the U.S.-Africa Leaders’ Summit in December 2022, and …

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Zambia to secure $185.5 million from IMF – etbaba.com

The Government of Zambia is set to secure $185.5 million funding from the International Monetary Fund (IMF). This is announced following the Staff-Level Agreement on the Fourth Review of the Extended Credit Facility the IMF reached with Zambia on Monday. An International Monetary Fund staff team, led by Mercedes Vera Martin, engaged in discussions with …

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Ethio Telecom offers 100 billion Birr shares to public – etbaba.com

The fully state-owned telecom operator in Ethiopia, Ethio Telecom has announced offering share to the public worth 100 billion Birr. As of today 100, million Birr shares if offered as the first-round regular stock sales. It is recalled that the government has announced its intention to sell 10 percent of Ethio Telecom’s share to the …

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ATIDI, multilateral investment guarantee to streamline investments in Africa – etbaba.com

The African Trade & Investment Development Insurance (ATIDI), and the Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group, part of World Bank Group Guarantees, have signed a three-year partnership to accelerate foreign direct investment across Africa. This is the second agreement between the two organizations aimed at maximising development impact, according to the …

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British-backed network connects millions in Ethiopia – etbaba.com

A new report published today by British International Investment has revealed that a UK-backed mobile network operator has helped millions of Ethiopians to access superfast 4G mobile internet across the country. Safaricom Ethiopia, which was founded with investment from a consortium that comprised of BII, IFC, Safaricom, Sumitomo Corporation, Vodacom and Vodafone Group, was awarded …

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