Tewodros Kassahun aka Teddy Afro, a renowned musician, has joined Samrawit Fikru’s streaming platform Sewasew and will be releasing his upcoming album exclusively on the Sewasew app. While the album release date is yet to be announced, this marks a significant milestone for Ethiopia’s streaming sector, according to a report from shega.com Sewasew, an audio…
African 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 and the…
By Yared Nigussie Foreign banks entry to Ethiopia began during his imperial majesty Hailesilassie I regime. During the Italian invasion of Ethiopia in 1935, the Italians established branches of their main Banks namely Banca d’Italia, Banco di Roma, Banco di Napoli and Banca Nazionale del lavoro and started operation in the main towns of Ethiopia….
The government disclosed that it has a plan to boost mining sector share in the Gross Domestic Product (GDP) of the country. Mining contributes only 1% to the GDP of Ethiopia. “We’ve a plan to increase mining’s sector to 17% in ten years,” Takele Uma (Engineer), Minister of Mines said Thursday while the International Mining…
Ethiopia and Japan, nations with ancient history and civilization, have long relations dating back to 1930 where the two countries signed a Treaty of Amity and Commerce. This was followed by a visit of Ethiopian Foreign Minister Heruy WeldeSillassie in 1931 to Japan to create economic cooperation. When it comes to their investment relations, Japanese…
Profit surges by 4.8mln Birr Lion insurance Company said Saturday that it has registered a gross profit of 63.9 million Birr in the fiscal year which was concluded on June 30, 2022. Lion Insurance Share Company held its 15th Annual Regular Meeting at Elilly Hotel. The profit showed 4.8 million Birr or 8.1% surge than…
Executives of local banks and scholars have debated over the entry of foreign banks to Ethiopia at the business panel discussion focusing on “Opening of the Domestic Banking Sector to Foreign Banks: Opportunities and Challenges”, organized by Addis Abeba Chamber of Commerce and Sectorial Associations (AACCSA). The panel discussion held on Friday at Hilton Hotel….
Ethio telecom has launched Cloud Computing Service, telecloud, which would modernize and empower daily business activities of the customers. The new cloud computing service will help companies to get modern services virtually without the need to build data centers and other infrastructures, Frehiwot Tamiru, CEO of Ethio telecom said Thursday. The service launching program was…
Mining and Technology Expo (Mintex) is to be held from November 10 to 12 at Millennium Hall in Addis Abeba. Ministry of Mines is the organizer of the event. South Africa, Canada, Australia organize well-known mining events. “Ethiopia will also organize mining technology expo in a bid to create a platform to commercialize our mines…
Ethio telecom has launched a business empowering cloud based Contact Center as Service (CCaaS) customer experience on Tuesday at the newly inaugurated Science Museum. The contact center provides accessibility through multiple and integrated channels, it boosts customer satisfaction by availing instant responses and reducing call waiting time resulting from long queues, Frehiwot Tamiru, CEO of…
