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ATEX, a boost for intra-Africa trade
Spread the NewsAfrican countries should use the innovative Africa Exchange Trade Platform (ATEX) and boost digital trade in critical commodities under the Africa Continental Free Trade Area (AfCFTA). ATEX is a digital business-to-business (B2B) and business-to-government (B2G) exchange platform developed by ECA and the African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission…
“I’m planning to auction export items through e-commerce”
Spread the NewsA conversation with Tadesse Tessema (Engineer) Tadesse Tessema (Engineer) is a Co-founder, General Manager and Shareholder formerly Holland Car PLC. After he lived in the Netherlands for 27 years, Tadesse decided he could start a successful business in his homeland. He launched Holland car, forced to close down the successful joint venture…
GTNA secures 5,000 square meters of land from City admin
Spread the NewsGlobal Television Network of Africa (GTNA), which would be the first global TV network for the continent said that it has secured close to 5,000 square meters of land from the Addis Abeba City Administration for 30 million Birr advance payment. The rest of the payment will be paid in 99 years as…
Ministry floats int’l bid for iron ore, steel project feasibility study
Spread the NewsThe Ministry of Mines (MoM) announced Thursday that it has invited companies for international competitive bidding to conduct consultancy on a bankable techno-economic feasibility study on iron and steel making plants. A survey will further identify making plants production capacity through different processes of iron production with a total steel capacity of 2.5…
Bureau reveals new fare rate for minibus taxis
Spread the NewsAddis Abeba City Transport Bureau announced Friday the new taxi tariffs that is to be implemented starting from today, December 17, 2021. The transport price adjustment has been made following seven Birr increment of oil price. Accordingly, the tariff increase on the minibus and Higer Bus fares ranges from 40 cents in a…
The Financial System Africa Needs
Spread the NewsBy Vera Songwe Africa’s vast economic potential is no secret. But tapping it will be possible only if major developed countries and emerging economies work together to design a more inclusive and effective global financial system that meets the continent’s liquidity and debt-sustainability needs. ADDIS ABEBA – For African economies that have…