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Expert: lack of private sector-led activities delays growth potential
Spread the NewsPrivate sector development specialist said that lack of Ethiopia’s private sector-led economic activities and various challenges in the economy have delayed the growth potential. Afework Yohannes, a Private Sector Development Specialist was a panelist at the “Private Sector Development in Ethiopia: Enabling Policy Environment, Practices and Lessons” discussion held on the sideline of…

Dashen Bank implements IBM Cloud Pak technology
Spread the NewsDashen Bank Share Company, one of the most profitable private banks in Ethiopia, said Thursday that it has implemented the first of its kind IBM Cloud Pak technology. Dashen Bank is pioneering the industry in terms of importing state-of-the-art technologies to serve customers, Asfaw Alemu, CEO of Dashen said during tech launching program….

Hawassa Industry Park searches alternative markets to mitigate the impact of AGOA withdrawal
Spread the News-Exports 32 million dollar worth of garment in five months By Kaleyesus Bekele Manufacturing companies that are operating in the HawassaIndustrial Park are looking for alternative markets to mitigate the adverse impacts of Ethiopia’s withdrawal from the US AGOA trade opportunity. Africa Growth and Opportunity Act (AGOA) is a trade opportunity that the US government granted Sub-Saharan-African countries to export their products free of tax and quotato…

Awash insurance collects premium of over 1.28 bln Birr
Spread the NewsAwash Insurance Company S.C said Saturday that it has collected a premium of over 1.28 billion Birr in 2020/21 budget year. The company has collected over 962.2 million Birr premium from the general insurance services, which registered a 23 percent growth from the previous year. Awash Insurance had also received 332.6 million Birr…

Ethiopian calls on satkeholders to embrace e-commerce
Spread the NewsEthiopian Airlines has called on stakeholders to embrace e-commerce services in the logistics sector, which the world is expediting the services. “The normal Cargo is in the process of transmuting into E-Cargo system following the change in working system from international e-commerce giants such as Amazon and Alibaba,” said Mr. Girma Wake, Board…

Holding Group to supervise formation of Capital Market
Spread the NewsEthiopia Investment Holdings, nation’s sovereign wealth fund formed earlier this year, announced Wednesday that it has been tasked with establishing the Ethiopian securities exchange (ESX), taking over the responsibility from the National Bank of Ethiopia (NBE). It has been two years since NBE establishing Ethiopia’s first capital market. The regulatory body introduced a…