The G7 DFIs, the IFC, the private sector arm of the African Development Bank, EBRD and the European Investment Bank announced today. They said that they were committed to investing $80 billion in the private sector over the next five years to support sustainable economic recovery and growth in Africa. The Covid-19 pandemic has caused …
Perfect World Investment & Holding Group (Perfect World) held a cooperation conference in Wuxi City and inked strategic cooperation agreements with seven enterprises and institutions of different fields on June 3. As a world’s leading entertainment group, Perfect World proposed “Creative Thinking” strategy, aiming at breaking the barrier of the real world and virtual world, and …
PM of Ethiopia Abiy Ahmed posted today (June 12, 2021) on his Facebook account that he has signed a formal agreement made between Government of Ethiopia and Global Partnership for Ethiopia- a company recently granted a license to operate in the country in the telecom sector. The agreement is signed in an effort to “liberalize …
By Scott Picken– Investing offshore has been made vastly easier with advances in tech, and for companies like Wealth Migrate. These options are now more accessible for investors through its online platform. Wealth Migrate has been trying to achieve this by cutting out the middleman and lowering costs for investors, while increasing investor confidence through …
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European Union Business Forum (EUBFE) has pledged to help Ethiopia to become a global investment hub and create conducive investment climate, according to Ministry of Finance. Ethiopian Finance Minister, Ahmed Shide held talks today with EUBFE delegation led by the Cooperation Head for EU Delegation to Ethiopia, Erik Habers, on ways of strengthening financial and …
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A Delegation team of Boeing Company and Investment Commissioner, Lelise Neme discussed opportunities Ethiopia has facilitated for foreign investment sector. Commissioner Lelise explained to the Boeing company delegation team led by Bernie Dunn, President of Boeing Middle East, Turkey and Africa on the activities the government has been undertaking in a bid to facilitate conducive …
The introduction of competition as a result of the opening up of the telecom sector is expected to positively impact every sector of the economy, Prime Minister Abiy Ahmed said. The premier made the remark on the license agreement signing ceremony between Ethiopia and the Global Partnership for Ethiopia in the presence of President Uhuru …
Addis Ababa Angles Network founded with the aim of promoting economic development and sustainability in Ethiopia, announced its investment in Eshi Express, a delivery service firm, as part of the strong belief in the transformational capacity of a robust startup ecosystem on the nation’s economy. Delivery business plays a big role in one country’s economic …
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Sumitomo Corporation Executive Vice President, Toshikazu Nambu has reportedly thanked the Government of Ethiopia for transparently handling the recent telecommunication bidding process. The executive president told Ethiopia’s Ambassador to Japan, Kassa Teklebirhan, during the meeting they held in Japan, according to Ministry of Foreign Affairs. During the occcassion, Nambu expressed his happiness that Sumitomo Corporation …
Automotive Ventures, the company that supports automotive technology entrepreneurs, businesses, and investors with industry-specific resources, strategic consulting, and extensive connections, has announced the final closing of its inaugural venture fund, Automotive Ventures Fund I. “Fundraising during a global pandemic had its challenges, but I’m pleased to report that the fund was oversubscribed with more than $7 million in committed …