investment

Dream Venture Capital (Dream VC) latest training on venture capital for Africans has attracted hundreds of applicants from more than 20 countries, the company says. “Since opening applications in early March, Dream VC have already had several hundred valid applications already, with applicants from over 20+ different African countries including Nigeria, Kenya, South Africa, Rwanda, …

Venture Capital education attracts hundreds of Africans – etbaba.com Read More »

BHM Research & Intelligence has announced that starting this year, its annual report on the public relations and communications sector in Nigeria, Africa’s largest economy, is set to cover the whole continent. The company said it has added 53 more countries with a combined economy of over $2 trillion and over 1 billion population. “This …

Africa’s communication industry set for exciting future – etbaba.com Read More »

The Deputy Prime Minister and Foreign Affairs Minister Demeke Mekonnen expressed his concern to a US official about the bill HR6600 and S.3199 the United Sates is planning to pass against the Government of Ethiopia. He expressed his concern during his meeting with David Satterfield, the United States Special envoy for the Horn of Africa. …

Ethiopia expresses concern on US Bill HR6600, S.3199 – etbaba.com Read More »

The Ministry of Finance of Ethiopia said it has decided to postpone it plan of partial privatization of the state-owned Ethio Telecom. In its statement the Ministry indicated that “…given the recent developments and fast-moving macroeconomic changes both globally and a country perspective, the Government of Ethiopia has chosen to postpone the privatization process”. “The …

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The Africa Investment Forum boardrooms have drawn $32.8 billion in investment interest in bankable projects. Unveiling the results of the Forum’s virtual boardroom sessions on Thursday, African Development Bank Group President Dr. Akinwumi A. Adesina told the 500 project sponsors, investors, deal brokers and government representatives from around the world who took part in them: …

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Ambassador Tomaz Kun Stelj, Slovenia’s Ambassador in Rome met with Ethiopian Ambassador in Italy, Ambassador Demitu Hambisa and expressed his country’s interest to invest to strengthen ties through investment. He further expressed his country’s strong desire to strengthen the relationship with Ethiopia mainly in the area of investment, beekeeping, and technology transfer, according to the …

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The United States through the United States Agency for International Development (USAID) launched a new investment of $60 million (3.1 billion Birr) to lift up millions of vulnerable youth across Ethiopia. Over the next five years, the new USAID Kefeta activity—which means ‘to elevate’ in Amharic—will help youth in 18 cities find meaningful jobs and …

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United States Congressman Gregory Meeks has warned that the United States will only be part of the future if it invests in Africa now. The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on Saturday, as he and a …

Time for United States to invest in Africa, says US official – etbaba.com Read More »

The Africa Investment Forum is set to showcase $57.4 billion bankable projects during the meeting, scheduled to take place from March 15-17, 2022, the African Development Bank said. The virtual boardroom sessions will discuss and advance deals in the 2021 pipeline. The third edition of the Africa Investment Forum was due to be held in …

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(FIGURE REVISED) – The U.S. Development Finance Corporation has so far invested $9 billion in 300 projects in African countries, says a U.S. official. “We have the U.S. Development Finance Corporation, and they’ve established a dedicated team of investment advisors to source and execute deals across Africa. And that agency currently has about 80 billion¹ …

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