Ethiopia: Latest News
Ann Brown, 3:00 pm
From Business Standard Polaris Financial Technology Limited, an Indian financial solutions provider, is set to complete installing a $3.4 million Centralized, Online, Real-time, Electronic (CORE) banking solution at the National Bank of Ethiopia (NBE) by month-end, an official said. Though this has been delayed by two months because of the long process of deploying technical […]
Ann Brown, 11:00 am
From NBE Ethiopian Airlines secures a total of $40 million loan from the Eastern and Southern African Trade and Development Bank (PTA) to finance housing project of its employees. The two sides signed a $ 22 million loan agreement on September 9,2013 here in Addis Ababa at Capital. According to the agreement, the loan will go to financing […]
Dana Sanchez, 11:52 am
Forty-thousand new hotel rooms are planned in Africa as multinational and local hoteliers rush to meet the hospitality needs of business travelers. “We have a very bullish feel for these markets and we are very excited about the opportunity Africa presents,” said Patrick Fitzgibbon, senior vice-president of development for Hilton Worldwide. “I think that for the next 20 years we are going to have our hands full with opportunity.”
Makula Dunbar, 3:12 pm
When one of South Africa’s biggest newspaper chains was sold last month, an odd name was buried in the list of new owners: China International Television Corp. A major stake in a South African newspaper group might seem an unusual acquisition for Chinese state television, but it was no mystery to anyone who has watched the rapid expansion of China’s media empire across Africa.
Dana Sanchez, 11:24 am
Neither France’s near-total control of money and credit, nor its strong influence over politics and security, is wholly responsible for keeping franc-zone countries mired in poverty and instability, said Senegalese investment banker and author Sanou Mbaye. By misappropriating public funds for personal use, franc-zone leaders serve as accomplices to France’s institutionalized exploitation of African Financial Community countries and citizens.
Makula Dunbar, 5:33 pm
The International Finance Corporation (IFC), the largest global development institution, said on Tuesday it had invested more than $63m in a housing solutions fund for the support and development of affordable housing in South Africa and sub-Saharan Africa. The International Housing Solutions (IHS) Fund II aims to address the need for housing across the continent and the lack of affordable housing.
Frank Mutulu, 11:00 am
Africa’s growing middle class and purchasing power have attracted the U.S. and Europe to offer lucrative trade deals in a reciprocal arrangement. The most popular products entering the U.S. market from Africa include canned fruits and juices, leather, apparel and textiles. Volume of exports from the U.S. to Africa increased from $ 6.1 billion in 2001 to $ 22.6 billion in 2012.
Ann Brown, 1:00 pm
From Business Standard City based IT solutions provider CSM Technologies has signed an ETB (Ethiopian Birr) 3.6 million (or $0.19 million) agreement with the Federal Ethics and Anti-corruption Commission (FEACC) under the Ministry of Justice (MoJ), Ethiopia, to develop a wealth registration software. The project, Asset Disclosure Management Information System (ADMIS) funded by the World […]
Ann Brown, 10:00 am
From BizTech Africa IBM experts have recommended strategies for strengthening Ethiopia’s livestock industry — the primary source of income for the majority of citizens — and making government more efficient. Making the recommendations was a twelve – person IBM team hailing from 8 countries that spent 30 days in Ethiopia working with three government ministries […]
Dana Sanchez, 4:20 pm
Forty-seven sub-Saharan African countries have agreed on frequency coordination for digital switchover in 2015. Africa will be the first region globally to be in a position – by 2015 – to allocate so-called digital dividend spectrum to mobile services in both the 700MHz and 800MHz bands.
- Real Estate