Ethiopia: Latest News

  • Opinion: Time For Distressed Asset Investing And Restructuring In Africa

    Mining provides distressed asset investing opportunities in Africa. By Kurt Davis Jr., 3:43 am AFKI Original

    The talk of distressed asset investing in Africa is growing. A total of $6.5 billion has been raised for African private equity from 2011 to 2016, according to the African Private Equity and Venture Capital Association (AVCA), with a total reported deal value over the same period of $22.7 billion for 900+ deals. In 2016 alone, 145 deals were reported totalling $3.8 billion. We explore the sectors offering the best opportunities for distressed asset investors.

  • 10 Global Tech Companies That Are Investing In Africa

    Google is one of many tech companies investing in Africa By Peter Pedroncelli, 7:43 am AFKI Original

    For many global tech companies, investing in Africa is a strategy for growth that is allowing them to tap into a growing market that is full of great potential. Tech companies from across various sectors are looking to Africa for growth, with the likes of Facebook, Google and Microsoft all putting their money into the continent. Whether they are investing in infrastructure, skills or the startup ecosystem, these tech companies are boosting economies and creating jobs.

  • Seedstars Africa Summit Bringing Together The Continent’s Best Tech Startups In December

    Seedstars Africa Summit - The Seedstars World Summit. Photo - Seedstars By Peter Pedroncelli, 4:30 am

    The Seedstars Africa Summit will be bringing together the best tech startup talent from around the African continent in December. The third annual Seedstars Africa Summit will take place on Dec. 14 in Mozambique, with all of the winners of the various Seedstars World competitions throughout Africa attending the event. Seedstars World holds these events in around 70 countries before winners are selected to take part in a grand final.

  • Despite Online Media Growth, TV Still Contributes Significantly To African Consumer Spending

    ShowMax Growth By Staff, 6:16 am

    Although extensive research on media and consumer trends in Africa shows a growing transition of consumers and audiences away from traditional media towards online media, television remains a highly significant contributor to consumer spending. Geopoll have analyzed the top TV and Radio Stations in 6 African countries for Q3 2017, which runs from July through to September.

  • Top Sub-Saharan African Countries For Education Investment In 2018

    By Kurt Davis Jr., 3:07 am AFKI Original

    Sub-Saharan Africa is home to the youngest population in the world, and educating these young people is a priority across the continent. By 2022, approximately one in four children may be enrolled in private schooling, suggesting that the time for investing in the sector is today. All that said, private investment in schools is still limited by capital and operational engagement from investors, but this is set to change.

  • Startup Ecosystem Event Sparks Hope For Africa’s Tech Startup Future

    startup ecosystem - AfricaCom event in Cape Town. Photo - Knect365 By Tom Jackson, 12:16 pm AFKI Original

    Every year, the great and the good of African tech converge on Cape Town to network and discuss the key trends within the sector. Until 2014, startups were barely featured at AfricaCom, but that all changed with the launch of the AHUB that year. This year’s event saw pitches from the 20 startups taking part in the World Bank’s XL Africa accelerator programme, and the chance to experience companies of such quality was refreshing.

  • The Rise Of Digital Advertisement Consumption Among Youth In Sub-Saharan Africa

    youth in sub-saharan africa By Staff, 10:15 am

    The youth in sub-Saharan Africa encounter more digital advertisements on a daily basis than any other form of advertisement. The number of Internet users and their daily usage continues to surge as audiences shift away from TV, radio and print media, a recent GeoPoll Straw Poll found.

  • Investor That Backed Uber And Airbnb Invests In New York And Nairobi-Based Agri-Tech Company

    agri-tech company - Investor That Backed Uber And Airbnb Invests In New York and Nairobi-based Agri-Tech Company. Photo: africarenewal By Peter Pedroncelli, 5:06 am

    New York and Nairobi-based agri-tech company, Gro Intelligence, has secured funding from alternative asset firm TPG’s middle market and growth equity platform, TPG Growth. The agricultural analytics business announced Series A-2 financing led by TPG Growth, alongside Data Collective and unnamed strategic family offices. With global investment in food and agribusiness growing fast, demand for insightful, reliable data on the sector has never been greater, and this is where Gro Intelligence comes in.

  • Why A Global Private Airline Should Be The Next Step In African Aviation

    Ethiopian Airlines is an example to the African aviation industry. Image: addisababaonline.com By Kurt Davis Jr., 6:04 am AFKI Original

    Today the airline industry in Africa is drastically different from a decade ago. The economic growth in the region and improved political stability underpin increased international traffic on the African continent, and perhaps it is time for Africa to have its own global private airline. Estimates place Africa as the third fastest growing region in this category, trailing only the Middle East and Asia Pacific.

  • Ethiopia Using Technology To Improve Lives

    usining technology By Staff, 7:36 am

    In this sophisticated world, the role of technology is massive. Technology allows anyone to do things, which once were unimaginable or impractical, so easily. In developing or under-developed world, technological innovations could deliver far more services to improve the lives of millions. Less well-off people in such areas have started providing adequate information about the standard of life they lead using Smartphone. They diagnose their own level of poverty in 30 minutes using the device.

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