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economy

Abu Dhabi set to enhance manufacturers’ access to financing – etbaba.com

The Abu Dhabi Department of Economic Development (ADDED) has launched ‘Business Financing Facilitation Platform’ to enhance manufacturers’ access to financing as part of its initiatives to achieve objectives of the Abu Dhabi Industrial Strategy (ADIS) aiming to strengthen the Emirate’s position as the region’s most competitive industrial hub. The ‘Business Financing Facilitation Platform’ is a …

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BGI Ethiopia embarks on massive expansion – etbaba.com

BGI-Ethiopia, the leading berewery in Ethiopia, embarked on massive expansion launching its VISION 2028, which aims to transform the Company and secure its market leadership. The Company is set to invest heavily in its operations, production network, and distribution model. This investment plan involves increasing production capacity and relocating the historic Addis Ababa plant to …

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Zimbabwe set to host 2024 ECA Conference of Ministers – etbaba.com

The UN Economic Commission for Africa (ECA), Executive Secretary, Claver Gatete, and Zimbabwe’s Finance Minister, Mthuli Ncube today in Harare signed the 2024 Conference of Ministers (COM) Host Country Agreement. Zimbabwe is set to host the 56th Session of the ECA Conference of African Ministers of Finance, Planning and Economic Development from 28 February to …

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East Africa adopts diversified resource development strategy – etbaba.com

Boasting an abundance of renewable resources, East Africa has garnered substantial attention from major international players within its clean energy market. Robust policies and declining costs of technology in the sector, coupled with regional market and infrastructure reforms, are poised to accelerate the deployment of clean energy projects. Yet the region is also anticipating first …

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Nokia to join UNIDO’s Circular Economy Value Chains initiative – etbaba.com

Nokia today announced that it is joining Orange in an initiative in Egypt under the UNIDO-run Switch to Circular Economy Value Chains initiative, co-funded by the European Union and the Government of Finland. Egypt has set ambitious targets to improve waste management systems, including for e-waste, listed in Egypt Vision 2030. These involve increasing the …

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Vertiv introduces prefabricated mass timber solutions – etbaba.com

Vertiv, a global provider of critical digital infrastructure and continuity solutions, today introduced the innovative Vertiv™ TimberMod variant of its Vertiv™ Power Module and SmartMod™ families, featuring mass timber as a key structural component instead of steel for prefabricated modular (PFM) data centre solutions. Available in North America and in Europe, Middle East and Africa …

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Abu Dhabi showcases economic diversification success – etbaba.com

Abu Dhabi is continuing to show stellar growth proof government initiatives to diversify the economy, boost the private sector and attract more foreign director investment are paying dividends. Speaking at the Fortune Global Forum Today, Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED), showcased the stellar growth of Abu …

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HEINEKEN Ethiopia Introduces Malt-based Energy drink

HEINEKEN Ethiopia today officially introduced its latest product, a non-alcoholic Energy drink “BERTAT” to the Ethiopian Market. The new product is launched at a colorful ceremony attended by Mr Hubert Eze, Managing Director of Heineken and other invited guests, the new nonalcoholic Energy drink was unveiled. With the growing consumer demand for healthier products Heineken …

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Africa presents opportunities for Asian investors

Africa offers vast investment opportunities for Asian countries with the appropriate incentives for their private sectors, Prof. Kevin Urama, Chief Economist and vice president of the African Development Bank Group, has affirmed. Urama made the call during a webinar to discuss the 2023 edition of the African Economic Outlook report. The African Development Bank organized …

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