Tech Crunch by Jack Bright@JakeRBright Nigerian digital payments startup Paga has acquired Apposit, a software development company based in Ethiopia, for an undisclosed amount. That’s just part of Paga’s news. The Lagos based startup will also launch its payment products in Mexico this year and in Ethiopia imminently, CEO Tayo Oviosu told TechCrunch The moves come a little over a year after […]
The East African nation has been consistently outperforming regional competitors, securing its status as one of the world’s fastest growing economies. This year, despite unprecedented pressure that the COVID-19 pandemic put on the global economy, Ethiopia is still on track to attain economic growth of 8.5 percent, according to its Ministry of Finance and Economic Cooperation, […]
Simply Flying Ethiopian Airlines inaugural A350 arrival event at Toronto Pearson International, we found out that the airline is working towards launching an Addis Ababa to Montreal flight. In a speech to media at the event, Samson Arega, Ethiopian Airlines Canada Country Manager informed those present that the Ethiopian flag carrier was seeking approval from Transport […]
Capital Ethiopia By Muluken Yewondwossen The first-ever three years National Digital Payments Strategy (NDPS) of the National Bank of Ethiopia (NBE) hints that it would apply incentives and discouraging instruments like tax incentives and cash handling fee to attain the goal of the NDPS. The strategy that officially launched on July 15 and will face implementation […]
TUKO Ethiopia and the United Nations (UN) opened a humanitarian transport hub at Addis Ababa airport on Tuesday, April 14 – The arrangement relies on cargo services provided by Ethiopian Airlines and could partially offset heavy losses Africa’s largest carrier was sustaining because of COVID-19 – Ethiopia’s national carrier also bagged a deal to fly COVID-19 […]
Wall Street Journal by Ernest J. Moniz and Alain Ebobissé It’s more reliable than wind or solar, cleaner than wood or diesel. Africa’s renewable-energy projects are an important part of the global effort against climate change. But if the continent’s standard of living is going to improve, it’ll take more than windmills and solar panels. Africa’s economy […]
When it comes to Ethiopian coffee, history tells a unique and exciting story. Even when you separate Ethiopia from coffee, the facts, and the lore, and the country remains one of the most fascinating regions in the world. Ethiopia is home to the oldest evidence for humankind, one of the oldest alphabets in the world […]
Last month, Ethiopian Airlines announced its results for the 2017/18 financial year, with the net profit of US$233 million up just 1.7% from $229 million the previous year. However, what is notable is that the East African carrier reported a 43% rise in operating revenue amounting to $3.7 billion It comes as no surprise though; […]
Ethiopian Herald BY HIZKEL HAILU Solar electricity has clear advantages of inaccessibility, cost, and reliability compared to traditional means of rural electrification. In the mid to long term, solar electricity will also be competitive on the grid. As of 2018, Ethiopia had launched the National Electrification Program which aimed for 65 percent of the population […]
Ethiopian Herald, by Tameru Regasa Ethiopia has a huge amount of bamboo resources that can be used as input or raw material for the furniture and construction sectors. The country, according to a study conducted by the World Bank, owns 67 percent of bamboo groves in Sub Sahara Africa, which could generate five billion USD […]
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