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Info and Insights on Ethiopia’s Economy!

P.S. FYI, we’re not in the news business. We’re your decision-making partner, here to guide and inspire your choices.

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World Bank's McNamara Fellowships Program Opens Doors for Aspiring Economists from Developing Countries

https://telegra.ph/Open-Doors-For-Aspiring-Economists-From-Developing-Countries-02-04

💥50,000 STRONG & GROWING! (Buthold the confetti, we're not a parade )

🎂 Celebrating 50,000 Followers on LinkedIn!

Follow us @ https://shorturl.at/ixNWZ

#BusinessInfoEthiopia#50kStrong#Ethiopia

Ethiopia Breaks Ground on $70 Million Vaccine Plant, Signaling Shift in Healthcare Strategy

Ethiopia officially launched the construction of ShieldVax Enterprise, a $70 million vaccine manufacturing facility.

The ceremony, held on January 29th,was attended by dignitaries and industry leaders, highlighting the government's commitment to strengthening its healthcare system. Health Minister H.E Dr. Lia Tadesse emphasized that ShieldVax embodies "a tangible manifestation of our ongoing efforts to ensure health for all."

https://telegra.ph/Ethiopia-Breaks-Ground-on-70-Million-Vaccine-Plant-Signaling-Shift-in-Healthcare-Strategy-02-02

Job Advert: Manufacturing

Nadot Trading and Manufacturing PLC specializes in the production of Extended Polythene Foam (EPE) sheets is looking for experienced, energetic, and committed
professionals for the following positions: (See Pictures)

We only encourage applicants who fulfill the above qualification to send their relevant documents directly to the following email address: [email protected] or contact us on 0911441354 until 5th of February 2024.

Financial Journalism Training for Journalists

FSD Ethiopia, in collaboration with the Ethiopian Capital Market Authority and the Ethiopian Securities Exchange (ESX), has organized a 2-day Financial Journalism Training tailored for journalists keen on covering Financial Market news.

https://telegra.ph/Financial-Journalism-Training-for-Journalists-01-30

Ethiopian Capital Markets Authority Set to Accept Applications for Investment Bank Operation License

Announced today, the Ethiopian Capital Markets Authority disclosed that the application process for Capital Market Service Providers will commence in a two weeks' time.

https://telegra.ph/In-Two-Weeks-You-Can-Apply-For-An-Investment-Bank-Operation-License-01-27

Ethiopost Names Dagmawi Hailiye as New CEO

"Dagmawi is behind our incredible service delivery turnaround story. He's been leading our Operations - conducting end-to-end process evaluations and implementing changes, mobilizing his team to action by clarifying deliverables, coaching and guiding them along the way." remarked Hanna Arayaselassie, the outgoing CEO of Ethiopost and newly appointed head of the Ethiopian Investment Commission.

https://telegra.ph/Ethiopost-Names-Dagmawi-Hailiye-as-New-CEO-01-24

Ethio Telecom Achieves Remarkable Financial Success with a Net Profit of Birr 11 Billion

In the first half of 2016, Ethio Telecom demonstrated robust performance, reaching key milestones and surpassing targets. The company reported a net profit of Birr 11 billion, indicating a significant 14% growth compared to the corresponding period last year.

https://telegra.ph/Ethio-Telecom-Achieves-a-Remarkable-Net-Profit-of-Birr-11-Billion-01-23

Global South-South Solar Technology Summit, Addis Ababa

Get ready for a power-packed summit! Introducing the Second Global South-South Summit on May 22 & 23 at Skylight Hotel.

Don't miss this opportunity to be part of the dynamic convergence shaping the future of solar energy innovation and progress! Join and spark the #Solarenergyrevolution. #SouthSouthSummit#Solarenergy

Ethiopia and Somaliland Sign Historic MOU, Opening New Pathways to the Sea

On January 1st, 2024, after months of negotiations, Ethiopia and Somaliland inked a Memorandum of Understanding (MOU) for partnership and cooperation. The landmark agreement marks a significant step forward for Ethiopia, potentially granting it long-sought access to the sea and diversifying its seaport options.

https://telegra.ph/Ethiopia-and-Somaliland-Sign-Historic-MOU-Opening-New-Pathways-to-the-Sea-01-02

Draw Your City's Future: WRI Design Competition Open for University Students

The World Resources Institute(WRI) calls upon university students enrolled in planning, architecture, urban design or similar programs in the cities of Addis Ababa, Kampala, Accra and Kumasi, to submit a drawing illustrating their vision for "sustainable mobility" in their own city. Candidates can join the competition as a group, or an individual through submitting their design before January 15, 2024.

https://telegra.ph/Draw-Your-Citys-Future-WRI-Design-Competition-for-University-Students-12-30

Fly First, Pay Later! Ethiopian Airlines Takes Off with Easy Payment Deal via Dashen Bank

Ethiopian Airlines, in partnership with Dashen Bank, introduced the pioneering ‘Fly Now Pay Later’ service on December 28, 2023.

The service allows passengers to fly first and settle the bill in installments over 6 or 12 months, with a credit limit based on customers borrowing ability, capped at 600,000 birr.

https://telegra.ph/Dashen-Bank-and-Ethiopian-Airlines-Jointly-Launched-Fly-Now-Pay-Later-Service-12-29

Deloitte Bets Big on Ethiopia’s Tourism, Finance and Energy Trio in 2024

Despite ongoing economic turbulence, East Africa Macroeconomic Outlook, Volume IV by Deloitte, paints a cautiously optimistic picture for the region. At a closer look at Ethiopia, although inflation remains a significant concern, projected at 30.8% in 2023, the report highlights promising signs of progress.

https://telegra.ph/Deloitte-Bets-Big-on-Ethiopias-Tourism-Finance-and-Energy-Trio-in-2024-12-27

BGI-Ethiopia Announces VISION 2028: Aiming for Operational Excellence

BGI-Ethiopia, the country’s leading beverage company, announced its VISION 2028 plan at a press conference held on December 19, 2023. The company is set to invest heavily on this initiative aiming to double production capacity, optimize operations, and secure market leadership.

This plan sets an ambitious target of 10 million hectoliters of annual production in the years to come.

https://telegra.ph/BGI-Ethiopia-Announces-VISION-2028-Aiming-for-Operational-Excellence-12-23

The Revolution of AI: 300 Million Jobs at risk of Automation

A report published by Goldman Sachs in 2023 has estimated that generative AI, such as ChatGPT, could potentially automate 300 million jobs globally in the near future, affecting approximately one fourth of the current workforce.

This translates to approximately 27 percent of occupations facing the risk of automation.

Cecily Josten and Grace Lordan, in their article published on December 14th, have addressed the increasing concerns surrounding job displacement, shedding light on the need new approaches to education and workforce.

https://telegra.ph/The-Revolution-of-AI-300-Million-Jobs-at-risk-of-Automation-12-20

AMIBARA PROPERTIES: Refined Living, Elevated Experience

- 1 to 4-bedroom residences at located near Friendship Park and the Sheraton Hotel.

- Ranging from 86 to 221 sqm, with a 10% down payment (starting at 1,101,633 Birr).

- Flexible 2- years payment plan as per construction milestones

- 35,000 sqm village with exclusive amenities—pool, GYM, SPA...

Contact:
Visit us at Meskal Flower, Near Tolip Hotel, Mamurk building 9th Floor
Call +251912309314

Six Finalists Emerged in The Fertilizer For Food Innovation Challenge

The Fertilizer for Food (F4F) Innovation Challenge, organized by USAID and iceaddis, culminated in a pitch event on December 14, 2023 in Addis Ababa showcasing innovative solutions to Ethiopia's natural fertilizer shortage. Six finalists were chosen from 40 applicants vying for grants ranging from $20,000 to $200,000, along with business advisory and market linkage support.

https://telegra.ph/Six-Finalists-Emerge-in-The-Fertilizer-For-Food-Innovation-Challenge-12-14

Aysha Wind Power Project: Ethiopia Powers Up with Horn of Africa's Largest Onshore Wind Farm

Ethiopia's Ministry of Finance and AMEA POWER, a Dubai-based renewable energy company have signed a landmark agreement to build the Horn of Africa's largest 300 MW Onshore Wind Project, the Aysha Wind Power Project. With an investment of USD 600 million, this project is expected to generate 1.22 Tera-Wh of electricity annually upon completion.

https://telegra.ph/Aysha-Wind-Power-Project-Ethiopia-Powers-Up-with-Horn-of-Africas-Largest-Onshore-Wind-Farm-12-04

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