Addis Chamber launches start-up incubation center

Addis Chamber launches start-up incubation center

By Yared Nigussie Addis Abeba Chamber of Commerce and Sectoral Associations (AACCSA) disclosed that it has launched a start-up incubation center with an aim of bolstering entrepreneurial culture. Shibeshi Betemariam, Secretary General of AACCSA said that the start-up incubation center has been inaugurated with the objective to promote entrepreneurship in Ethiopia and embolden competition among…

IW Mining appointed mining contractor for Segele mine in Ethiopia

IW Mining appointed mining contractor for Segele mine in Ethiopia

South African company, IW Mining has been appointed by Akobo Minerals to be mining contractor for Segele mine in Ethiopia. The firm has been tasked to operate the underground mine. In line with Akobo’s environmental, social and governance (ESG) guidelines, IW Mining will recruit and train Ethiopian personnel to work at the Segele mine. Mining…

Kacha Digital Financial Services S.C. plans to address unbanked population

Kacha Digital Financial Services S.C. plans to address unbanked population

By Yared Nigussie Kacha Digital Financial Services Share Company (S.C.), the first licensed private mobile money service provider by the National Bank of Ethiopia (NBE), envisions providing its financial services to the unbanked Ethiopia’s population. Kacha Digital Financial Services has introduced its services on Thursday at Ethiopian Skylight Hotel after the NBE has formally granted…

US provides over $488 mln in humanitarian assistance to Ethiopia

US provides over $488 mln in humanitarian assistance to Ethiopia

The United States through the U.S. Agency for International Development (USAID) is providing an additional $488 million in critical humanitarian assistance to the people of Ethiopia as historically unprecedented drought threatens the survival of more than 8.1 million people. Communities across southern and southeastern Ethiopia are experiencing the worst effects of the four back-to-back drought…

The Financial System Africa Needs

The Financial System Africa Needs

By 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 yet to…

Role of inclusive national dialogue for business activities discussed

Role of inclusive national dialogue for business activities discussed

Yonas Adaye (PhD), the recently appointed Commissioner of Ethiopian National Dialogue Commission stressed the need to have peace to conduct business activities in the country. Without a successful national dialogue and sustainable peace, investment-driven development is unthinkable, Yonas says. He also urged the need to cement collaboration among the Commission and AACCSA members towards the…

Expert: lack of private sector-led activities delays growth potential

Expert: lack of private sector-led activities delays growth potential

Private 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 Addis Chamber’s…

Gov’t urges Addis Chamber to hammer on improving ease of doing business

Gov’t urges Addis Chamber to hammer on improving ease of doing business

Hassen Mohammed, State Minister of Trade and Regional Integration, urges Addis Abeba Chamber of Commerce and Sectoral Associations (ACCSSA) to hammer on improving Ethiopia’s Ease of Doing Business rank at the global level. Ethiopia ranked 159 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank…

Gambella region grants licenses to investments with 2.9 bln Birr capital

Gambella region grants licenses to investments with 2.9 bln Birr capital

Gambella Region announced that it has granted investment licenses to 310 investors who registered 2.9 billion Birr capital. From the granted investments, 290 investors were engaged in agriculture have received over 26 hectare of land. Gambella Region’s Investment Commissioner Low Oubup (PhD) told the Ethiopian News Agency (ENA) that the licensed investors were engaged in…

The prospects of liberalizing the financial sector

The prospects of liberalizing the financial sector

Educated in the UK Yared Haile-Meskel, is an investment consultant based in Addis Abeba, Ethiopia. Yared is the founder and CEO of YHM Consulting, a transaction advisory company.Yared Nigusie of Origins Business sat down with him to discuss the liberalization of the Ethiopian financial sector and other related issues.Excerpts: Origins Media: What are the possible…