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economy

PM says opening of telecom sector in Ethiopia positively impacts all sectors of economy – etbaba.com

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 …

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MasterCard foundation to deploy $1.3 billion in partnership with Africa CDC to save lives and livelihoods – etbaba.com

The Mastercard Foundation has announced that it will deploy $1.3 billion over the next three years in partnership with the Africa Centres for Disease Control and Prevention (Africa CDC) to save the lives and livelihoods of millions of people in Africa and hasten the economic recovery of the continent. The Saving Lives and Livelihoods initiative …

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Africa Local content fund to catalyze research & development and drive local content initiative – (NCDMB) Exc Sec., Wabote – etbaba.com

Poised to take full advantage of emerging opportunities in local content administration, key stakeholders and policy leaders in Africa’s Oil and Gas, and other related sectors, yesterday met in Yenagoa, Bayelsa State, and have unanimously advocated for a new local content strategy for Africa with a focus on adequate regulatory framework, funding, human capacity development …

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Addis Ababa Angels invests in Eshi Express – etbaba.com

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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Global partnership, finance minister discuss on upcoming plans – etbaba.com

Finance Minister Ahmed Shide, and consortium of global Partnership discussed on upcoming plans of the consortium in advancing telecoms operation in Ethiopia. During the discussion, Ahmed expressed his firm belief that the consortium would play a vital role in contributing to the growth and transformation of the digital economy in Ethiopia. He further explained the …

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Sumitomo executive vice president praises gov’t for transparent handling of telecom bid – etbaba.com

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 …

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African development bank approves $430,000 grant for ebola emergency relief project – etbaba.com

The Board of Directors of the African Development Bank (AfDB) has approved a $430,000 grant to Guinea to fight the spread of the Ebola hemorrhagic fever epidemic throughout the country. Since mid-February 2021, Guinea has been facing a resurgent Ebola-related epidemic, following the major crisis of 2014. This new epidemic comes against the backdrop of …

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Global smart factory market to reach $214.2 billion by 2026 – etbaba.com

A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Smart Factory – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. Global Smart Factory Market to Reach $214.2 Billion by 2026 ‘Smart Factory’ or …

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Global data center accelerators market to reach $46.6 billion by 2026 – etbaba.com

Data center accelerators comprise both hardware and software needed for processing visual data. The accelerators aid in increasing consumer driven data demand and also pave way for enhanced use of artificial intelligence based services. Various applications of data center accelerators include voice recognition, voice search, fraud detection, sentiment analysis, recommendation engines, motion detection and image …

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automotive ventures closes inaugural fund to invest in early-stage auto tech companies – etbaba.com

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 …

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