Ecobank And Dashen Bank launch remittance app targeting Ethiopians in the diaspora
The cross-border remittance solution app which is available in the rest of Ecobank’s 33 countries, enables African diaspora residing in Europe to remit funds back to Ecobank countries in Africa, including Ethiopia seamlessly.
IFC invests in Safaricom Ethiopia's greenfield telecommunications network
This first partnership between IFC, MIGA, Vodafone, Vodacom, Safaricom, Sumitomo Corporation, and British International Investment in Ethiopia addresses the World Bank Group's core mandate to help countries end poverty and meet their citizens' demands for services including digital connectivity.
[Ethiopia] Azentio Software’s iMAL is now live at Rammis Bank
Azentio Software announced that the latest version of its Islamic banking solution - iMAL, has gone live at Rammis Bank, a newly launched financial institution in Ethiopia specializing in Sharia-compliant products and services.
Mastercard Foundation and First Consult announce program to support 72000 Micro, Small, and Medium Enterprises
The Mastercard Foundation and First Consult have announced the Micro, Small, and Medium Enterprise Recovery and Resilience (“MESMER”) Program to support 72,200 informal, start-up, and formal enterprises.
Safaricom profits decline to Ksh.52.48 billion
Kenya’s leading telco Safaricom profits stood at Ksh.52.48 billion in the full year ended March 2023, down from Ksh.67.49 billion recorded in the previous period.
Safaricom granted license to operate M-PESA in Ethiopia
Safaricom Ethiopia has today officially been granted the license to operate mobile money services in Ethiopia. The licence, coming seven months after the commercial launch of GSM services.
Mastercard partners with the Ethiopian Minerals Petroleum and Biofuel Corporation to digitize e-commerce platform
Mastercard, in partnership with the Ethiopian Minerals Petroleum and Biofuel Corporation (EMBPC), recently solidified a partnership that includes digitizing the corporation's mineral e-commerce platform.
Ethiopian Airlines introduces Arabic and French services at its global customer interaction center
Ethiopian Airlines, the largest airline in Africa, has started providing its Global Customer Interaction Center services in two additional international languages namely, Arabic and French.
Ethiopia moves towards liberalization of trade in services
Trade in Services plays a key role in the economic growth and development of a country. Services directly support production but also value chains and create jobs and other economic and non-economic opportunities.
Ethiopia becomes Africa Finance Corporation’s 40th member state
Ethiopia is the seventh country to join in the past year, alongside Angola, Botswana, Cameroon, Somalia, South Sudan and Tunisia.
Mastercard and EthSwitch boost digital payments adoption in Ethiopia with new partnership
EthSwitch, Ethiopia’s national payment switch has signed an MoU with Mastercard that will enable financial institutions across Ethiopia to boost the adoption and usage of digital payments.
Mastercard and EthSwitch partner to boost the payments sector in Ethiopia
EthSwitch, Ethiopia’s national payment switch has signed a Memorandum of Understanding (MoU) with Mastercard that will enable financial institutions across Ethiopia to boost the adoption and usage of digital payments.
Ethiopia set to welcome construction players for the twelfth edition of Addisbuild
Highlighting the top opportunities, products, services and stakeholders in Ethiopia’s construction industry, the exhibition brings together over 6,000 building, construction, and infrastructure professionals to network, inspire growth and uncover the latest trends and innovation in construction.
Zemen Bank partners with global software firm Netcetera to enhance digital payments
The market for digital payments is growing steadily in Ethiopia, as more and more customers gain better access to e-Commerce sites and want to shop from their mobile devices.
Ethiopian Airlines resumes flights to Kuala Lumpur, Malaysia
Ethiopian Airlines, the largest airline in Africa, has announced that it will resume its services to Kuala Lumpur, Malaysia as of 25 March 2023. The flight will be operated four times a week with the ultramodern B787 Dreamliner.
[ChatGPT Biography] Tewolde Gebremariam, CEO of Ethiopian Airlines
Artificial Intelligence is taking the world by storm. As an experiment, Africa Business Communities is publishing a series of 100 biographies of the most successful entrepreneurs in Africa. We only ask the questions and let ChatGPT write.
[ChatGPT Biography] Bethlehem Tilahun Alemu, Founder soleRebels
Artificial Intelligence is taking the world by storm. As an experiment, Africa Business Communities is publishing a series of 100 biographies of the most successful entrepreneurs in Africa. We only ask the questions and let ChatGPT write.
[East Africa Business Week] Bob Koigi: What the entry of Somalia to the EAC means for region
This week, The East African Community (EAC) officially launched the verification mission to assess the Federal Republic of Somalia’s readiness to join the Community.
[East Africa Business Week] Bob Koigi: Improving business competitiveness in the region: The case of TradeMark Africa
As it rebrands to TradeMark Africa, TMA, in its bid to grow its continental footprint, aid for trade institution formerly known as TradeMark East, boasts of having made a lasting mark in East Africa where it has operated for over ten years.
[East Africa Business Week] Bob Koigi: Boosting small businesses’ competitivity in the region
Small businesses are the engine of the East African economic growth, employing millions and opening up the member states to interact with each other through seamless trade.
[East Africa Business Week] Bob Koigi: Region warms up to the hospitality industry’s expansion binge
Global respected hotel brands are expanding their footprint and have identified Africa as a key investment destination with the East African region catching their attention for its MICE, business and leisure growth potential.
[East Africa Business Week] Bob Koigi: Partnerships bolster cross-border remittances and trade
This will also accelerate financial inclusion and remove the barriers around cross-border money transfers.
[East Africa Business Week] Bob Koigi: Cushioning food systems from shocks
This week, thousands of delegates across the continent and beyond are gathered in Kigali, Rwanda for the African Green Revolution Forum, AGRF, an annual event bringing governments and partners together around food security and making safe, nutritious foods produced in a sustainable way available to all Africans.
[East Africa Business Week] Bob Koigi: Region’s startups are on an expansion binge
East African startups have been on an expansion drive, raising funding as they seek to tap into emerging opportunities in the region and across Africa while growing their portfolio.
[East Africa Business Week] Bob Koigi: Region bets on bioeconomy to bolster growth
Among the key interventions proposed in the strategy is the creation of new forms of sustainable bioenergy, and the conversion of waste materials to useful products.
[East Africa Business Week] Bob Koigi: Region bets on $91.5 million budget to drive economic integration
This week, the East African Community has tabled before the East African Legislative Assembly (EALA) the budget estimates for the 2022/2023 Financial Year totaling $91.5 million.
[East Africa Business Week] Bob Koigi: Financial institutions bank on tech to bolster offerings
East Africa financial institutions are betting on tech to boost their offerings, grow their customers’ portfolio and stay afloat in a competitive market.
[East Africa Business Week] Bob Koigi: What EU’s lifting of financial sanctions on Burundi means for EAC
The EU made the decision in the wake of deteriorating political situation occasioned by a disputed presidential election in 2015.
[East Africa Business Week] Bob Koigi: Sub marine cable investment connects region to the world
An increase in submarine cable activities and fiber connectivity is attracting more investments in East Africa while opening up the region to the world.
[East Africa Business Week] Bob Koigi: What 2022 portends for East Africa
As the East African Community, EAC, member states eye innovative ways of deepening integration and trading more with each other, the bloc and individual countries are putting in place mechanisms, policies and legislation that seek to address longstanding hiccups that have put the brakes on seamless regional trade.
[Vacancies] Africa Business Communities wants to work with freelance Business and Tech Journalists, Bloggers
Africa Business Communities is looking for Freelance Business and Tech Journalists, Bloggers in Nigeria | South Africa | Ethiopia | Uganda | Ghana
[Interview] Bob Koigi, Africa Business Communities
Bob Koigi, multiple award winning journalist and East Africa Region Chief Editor at Africa Business Communities, was recently selected as one of the 100 worldwide most influential people of African descent under 40
[Startup Interview] Wilhelmina Diop, Marketing Director, HelloSolar, Ethiopia
Wilhelmina Diop is investing her skills in Renewable Energy and Sustainable Development into providing rural communities in Ethiopia with affordable access to power, through the startup company, HelloSolar.
[Interview] Kifle Bantayehu, Founder, Afrinection.com
Kifle Bantayehu is an Ethiopian entrepreneur, consulting professional and policy strategist. He founded in 2016 Afrinection, a platform that closes several gaping holes in the African employment and investment market.
[Vacancy] Freelance African Tech Journalist
Africa Business Communities will be developing a Tech Platform on its website and is therefore looking for a freelance journalist/webmaster
[Column] Bob Koigi: Flower industry redefines Kenya-Ethiopia market rivalry and supremacy wars
That Kenya is in protracted competition with Ethiopia to entice investors and maintain the lead as the East African regional powerhouse is an open secret.
African CEO's wanted for interviews!
Africa Business Communities is conducting a series of interviews with African CEO's and CEO's of companies doing business in Africa.
[Column] Korede Ologun: What African countries can learn from Ethiopia and its economic success
East Africa continues to maintain its lead in regional growth in Africa reaching 5.3% in 2016 Real GDP growth. The economic success of Ethiopia is attributable to its desire to grow its economic base amidst structural challenges.
[Africa CEO Forum] What - if anything - can other African countries learn from Ethiopia and it's economic success?
As the founder of the Africa CEO Network I would like to invite you to participate in our forum on Ethiopia.
[Column] Bob Koigi: Awakening the giant: How Ethiopia overtook Kenya to become East Africa’s economic power house
Kenya has traditionally held the enviable position of being the East African economic behemoth. But tables have now turned, and in a dramatic way.
Results Based Balanced Scorecard Certification Master Class in Nigeria, Ghana, Kenya, Ethiopia and South Africa
Citizens of the world are increasingly demanding that their governments demonstrate results. The introduction of performance management as a reform output was in response to increasing calls for governments to improve accountability and demonstrate value for money.
Ethiopian Airlines to start direct flight to Karachi, Pakistan
Ethiopian first served Karachi from July 1966 to December 1971, and resumed the service from June 1993 until July 2004.
Ethiopian Airlines to resume direct flights between Abidjan and New York
Ethiopian Airlines, the largest network operating carrier in Africa, has announced the resumption of its direct flights between Abidjan and New York John F. Kennedy Airport as of 29 May 2023.
Ethiopia sets $150 million license fee for M-pesa entry
National Bank of Ethiopia, the country's industry regulator is proposing a $150 million license fee from M-Pesa and other mobile operators who want to set up shop in the country.
Ethiopian set to launch passenger service to Copenhagen, Denmark
Ethiopian Airlines is set to launch a new passenger flight to Copenhagen, Denmark effective 22nd May 2023. The new flight will be operated five times a week except on Tuesdays and Sundays.
NORFUND invests in SAMANU to increase the production of edible oils in Ethiopia
Norfund and a consortium of private investors managed by 54 Capital announce $21 million growth capital investment into Ethiopia’s largest FMCG platform SAMANU. Increased local production of edible oil will create jobs, increase food security, and provide income for up to 200,000 smallholder farmers.
Radisson Hotel Group delivers strong growth in 2022 through its 9 relevant brands
In 2022, Radisson Hotel Group continued to drive forward its ambitious expansion plan to be one of the top three hotel groups in the world with its strong portfolio of nine distinct brands and its growing resorts portfolio.
Ethiopia and the World Bank sign financing agreements worth $745 million
The first Grant Agreement amounting to 445 million US dollars will finance to implement/ Program for Results (hybrid) for Strengthening Primary Health Care Services. And the second 300 million US Dollars Grant Agreement will be used for the implementation of Flood Management Project.
Ethiopian Airlines and MailAmerica S.A. launch ecommerce logistics services
Ethiopian Airlines Group (ET) has partnered with MailAmericas (MA), a private postal operator and gold member of the consultive committee for the Universal Postal Union, to develop competitive cross border ecommerce services within Africa and the Middle East using Addis Ababa as a hub.
Ethiopian Airlines set to fly to Atlanta
Ethiopian Airlines, the largest network operator in Africa, has announced that it has finalized all preparations to commence a new service between Addis Ababa, Ethiopia and Atlanta, USA. Ethiopian will operate a four times weekly flight to Atlanta (ATL) starting from 16 May 2023.
Raxio continues pan-African expansion by developing Angola’s first carrier-neutral Tier III data centre
Raxio Group (Raxio), a premier pan-African data centre developer and operator, announced that it is investing and establishing ‘Raxio Angola’, the first state-of-the-art, carrier neutral, Tier III data centre in the country.
Ethiopian leather goods company Ker Ezhi launches in the US
Ker Ezhi, an ethical, luxury Ethiopian leather goods company, is now available in the US market.
Safaricom Ethiopia has gone live in five more cities
Safaricom Ethiopia has switched on its network and services in five more cities. The cities include Hawassa, Assela, Jigjiga, Sodo and Dilla, growing its network footprint across the country to 21 cities.
Les 8 nouveaux pays africains rejoignent le programme MultiChoice Africa Accelerator
Un coup de pouce de plusieurs millions de dollars pour les petites entreprises alors que de nouveaux pays africains rejoignent le programme MultiChoice Africa Accelerator.
Ethiopian innovator emerges as winner of USAID-Funded Food Safety Challenge
The USAID-Funded Food Safety Challenge aims to enable lasting improvements in the safety of nutritious foods in Ethiopia and Nigeria, and over 750 applications were received.
AFD is funding water and sanitation projects in Ethiopia
The first project funded by AFD will improve access to water for 1 million people in 45 towns, and the second will provide 2.6 million people with improved, gender-sensitive sanitation facilities.
EthSwitch, Oromia Bank and Mastercard partner to ensure all banks ATMs accept Mastercard debit, credit, and prepaid cards
From today, tourists, and local citizens carrying Mastercard payment cards can withdraw local currency from Oromia Bank ATMs processed by the EthSwitch network.
[Ethiopia] Hibret Bank and Mastercard give small businesses a boost through e-commerce payment solution
Hibir e-commerce is first-of- its kind in the Ethiopian banking industry. This move is expected to help local businesses reach new markets and increase revenue while expanding Ethiopia’s access to the digital economy.
More than 700k customers have joined Safaricom network in Ethiopia since launch
Safaricom has revealed that more than 740,000 customers have joined its network in Ethiopia during its first month of operation.
Radisson Hotel Group continues to strengthen its presence in Africa
Radisson Hotel Group plans to strengthen its already impressive presence in Africa. The Group has ambitious plans to reach 150 hotels and 25,000 rooms within the next five years across the continent, making Africa a key region for growth.
PepsiCo injects $40m investment to expand its Senselet snacks business in Ethiopia
PepsiCo is finalizing an investment proposal of approximately $40 million, to expand its Senselet snacks business in Ethiopia, and is considering the possibility of further investments in the country to expand the company’s portfolio beyond snacks.
[Ethiopia] Ethio Telecom selects Subex to deploy its HyperSense Fraud Management solution
Subex, a pioneer in driving AI-led Digital Trust, announced it has been selected by Ethio Telecom to deploy its Fraud Management solution.
International Finance Corporation set to invest in Safaricom Ethiopia
International Finance Corporation, part of the World Bank Group, edges closer to buying US$160 million of equity and about US$100 million of debt of Safaricom Ethiopia.
IFC appoints Madalo Minofu as Country Manager for Ethiopia, Malawi and Zambia
IFC has appointed Madalo Minofu as the new Country Manager for Ethiopia, Malawi and Zambia. In her new role, Minofu will help strengthen the role of the private sector in energy, telecom, manufacturing, and agribusiness development in the three countries.
Safaricom officially launched in Ethiopia
Safaricom Ethiopia on Thursday switched on its mobile telecommunications network and services in Addis Ababa, the country’s capital city.
African sub-sovereign government leaders urged to take ownership of the AfCFTA
The second edition of the African Sub-sovereign Governments Network (AfSNET) conference, held in Abuja, Nigeria, unanimously called on African sub-nationals to play their full role in facilitating the implementation of the African Continental Free Trade Area (AfCFTA).
Cerba Lancet Africa inks deal with International Clinical Laboratories in Ethiopia to boost medicare services
Cerba HealthCare set foot on the African continent in 2019 where it operates today in 15 countries under the Cerba Lancet Africa umbrella, providing access to accurate diagnosis and high-quality care to more almost 3 million people yearly.
Ethio telecom unveils "Lead" 3 Years Strategic Plan
Ethio telecom started implementing its newly developed "Lead", a three-year development strategy for the period of 2022-2025
Chapa launches online payment gateway service for businesses
The Ethiopian Fintech Startup Chapa, enables organisations and businesses to accept all possible local and international digital payment methods from anywhere in the world.
Ethiopian Airlines opens a five-star in-terminal hotel inside Addis Ababa Bole International Airport
The Hotel is physically connected to Addis Ababa Bole International Departure Terminal 02 with a short walking distance from departure gate and will be managed by Ethiopian Skylight Hotel as Ethiopian Skylight In-Terminal Hotel.
Andersen Global broadens footprint in Ethiopia with tax firm HIMA
Led by Managing Partner Nabiyu Feto and founded in 2015, HIMA works closely with clients to provide comprehensive tax solutions for their business needs in the emerging Ethiopian market.
[Ethiopia] Safaricom pilots its services in Dire Dawa ahead of national launch
After announcing plans to launch commercial operations in Ethiopia within the year, Safaricom has now started large-scale customer pilot of its network in Dire Dawa.
AGRA is supporting the Government of Ethiopia in designing approaches to boost agriculture
AGRA has provided three documents to officials from the Government of Ethiopia that emerged from joint programs in Ethiopia.
Carrières à la Mastercard Foundation-Programme de stages pour les diplômés
La Fondation Mastercard recrute la prochaine cohorte de jeunes diplômés à travers l'Afrique et le Canada pour son programme de stages de 6 à 12 mois.
Careers at the Mastercard Foundation-Graduate Internship Program
The Mastercard Foundation is recruiting the next cohort of young graduates across Africa and Canada for our 6-12 month Graduate Internship Program.
Safaricom's Ethiopian network to go live in August
Safaricom is planning to launch the first phase of its Ethiopia network rollout next month.
The Global Center on Adaptation to help smallholder farmers in Ethiopia adapt to enhance food security
The Global Center on Adaptation (GCA) announced that it is providing technical advisory support to a new World Bank’s investment project in Ethiopia.
[Ethiopia] Saving lives and livelihoods initiative hits one-year milestone
The largest public health partnership between a global philanthropic organization and an African institution – has proven to be catalytic.
Ethiopia officially launches a new digital platform that provides public health emergency-related information
Ethiopia’s Ministry of Health and the Ethiopian Public Health Institute with the Ministry of Innovation and Technology and the Mastercard Foundation launched a digital service that will provide sustainable public health emergency information to the public in five different languages.
[East Africa Business Week] Bob Koigi: Catalyzing private investments in agriculture
The recent decision by the International Fund for Agricultural Development (IFAD) to open an office serving the East and Southern African regions is a pointer to the crucial role farmers play in the region play in the East African, continental and global food systems.
Ethiopia’s financial markets receive boost from UK-aid via FSD Africa
The launch of FSD Ethiopia and partnerships with Ethiopia Investments Holding will enhance efforts to deliver beneficial development and financial outcomes for a stronger more resilient national economy.
Ethiopian Airlines to commence flights to Chennai, India
Chennai will join the vast Ethiopian network as a fourth destination in India after New Delhi, Mumbai and Bengaluru. Ethiopian started its service to India with a debut flight to New Delhi in 1966, just 20 years after the airline was founded.
Ethiopia: African Development Bank signs $830,000 grant agreement to improve climate resilience
The African Development Bank has signed an $830,000 technical assistance grant agreement to improve climate resilience for communities and ecosystems in line to support the Ethiopian Government.
Ethiopia’s financial sector set for transformation with launch of FSD Ethiopia
FSD Ethiopia was officially launched with funding from UKAid and the Bill & Melinda Gates Foundation, FSD Ethiopia will build on FSD Africa’s initial efforts to strengthen the country’s financial sector.
Orbis International launches virtual Flying Eye Hospital program in Ethiopia
Eye care nonprofit Orbis announced the launch of a virtual Flying Eye Hospital program that will provide tailored training to eye care professionals in Ethiopia on treating glaucoma and cataract.
[Kenya] Safaricom to launch commercial operations in Ethiopia this year
Safaricom is set to launch commercial operations in Ethiopia within the year. Safaricom CEO Peter Ndegwa confirmed this while releasing the telco’s Full Year 2021/2022 results released last week.
Ethio-Telecom to reach more customers
Seven national organizations and institutions signed exclusive business partnership agreements with Ethio Telecom to distribute Telecom products and services
Ethio Telecom launches 5G trial in Addis Ababa
Ethiopian state-owned operator Ethio Telecom has launched its first 5G base stations in the nation's capital, Addis Ababa.
Ethio Telecom launches loyalty program, online sales platform
Ethiopia's Ethio Telecom has announced a loyalty program it dubbed "Ashamtele", said to enable Ethio Telecom's customers be rewarded for using its services.
Canada announces over $73 million in funding to respond to drought in Horn of Africa
Severe drought conditions in Ethiopia, Kenya and Somalia could result in over 20 million people across the region needing emergency food assistance in 2022, which would be a 70% increase when compared to the severe drought in 2016 and 2017.
Donors pledge $1.39 billion for Horn of Africa drought response
Donors pledged $1.39 billion for humanitarian and development response to the drought in the Horn of Africa that has left more than 15 million people severely food insecure across Ethiopia, Kenya and Somalia.
Ethiopian Airlines, others sign MoU toward Aviation MRO services
Ethiopian Airlines, UTD Aviation Solutions and the African Airlines Association have signed a tripartite MoU to work together on Maintenance, Repair, and Overhaul (MRO) services.
Ethiopian, UTD Aviation Solutions and AFRAA sign MoU to re-establish African aviation renaissance in MRO services
Ethiopian Airlines MRO, UTD Aviation Solutions and the African Airlines Association (AFRAA), signed a tripartite MoU to work together on Maintenance, Repair, and Overhaul (MRO) services in pursuance to the The Brown Condor Initiative (BCI).
Ethio Telecom signs data centre deal with Amhara Bank
Ethiopia’s Amhara Bank has signed an agreement with Ethio Telecom to use the incumbent operator’s data centres to improve service to customers.
Ethiopian Airlines resumes flights to Bengaluru, India
The airline announced the recommencement of after it halted operations for two years due to the pandemic. Ethiopian operated its first flight services to Bengaluru in October 2019.
Ethiopian Chamber Digital Service launched targeting the business community
Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), launched the Ethiopian Chamber Digital Service (ECDS), a digital system that enables the chamber to provide its services online to its members, the business community and the public at large.
Ethiopia's export earnings show 20% increase
Ethiopia has earned $2.52 billion from eight-month exports, the Ministry of Trade and Regional Integration related
Impacts of Ukraine conflict on food security already being felt in the Near East North Africa region
As the war continues to rage in Ukraine, impacts of rising food prices and shortages of staple crops are already being felt in the Near East and North Africa region and spreading to the world’s most vulnerable countries, including in the Horn of Africa, warns IFAD.
Mesfin Tasew appointed new CEO of Ethiopian Airlines Group
The Board of Management of Ethiopian Airlines Group has announced the appointment of Mr. Mesfin Tasew Bekele, as Chief Executive Officer of Ethiopian Airlines Group.
AGRA and AIM for Climate announced partnership to accelerate investments for climate-smart agriculture
The Alliance for a Green Revolution (AGRA) and Agriculture Innovation Mission for Climate (AIM for Climate) announced partnership to accelerate investments and support for climate-smart agriculture and food systems innovation.