Business

Brain drain in Sub Saharan Africa

By Bernard Laurendeau, Managing Partner at Laurendeau & Associates Brain drain in Sub Saharan Africa Brain Drain is a severe problem in low- and middle-income countries and particularly acute in Sub-Saharan Africa. In its 2016 World Economic Outlook, the IMF noted that the “outflow of skilled labor and young people seeking better educational opportunities outside

May 27, 2022 • By Addis Insight

Business

From organic waste to high-end tech, how European interest is shifting to Africa’s biogas sector

Given the national interest, the critical implementation of the DiBiCoo project is to link the leading European biogas producers to the emerging biogas sector in developing countries. Home to the largest cattle population in Africa, with the largest segment of the people located in rural areas, considered the primary energy consumer, Ethiopia is no stranger

May 27, 2022 • By Emrakel sileshi

Business

FSD Ethiopia appoints Admassu Tadesse as Chairman

Press Release FSD Ethiopia is pleased to announce esteemed international banker and executive business leader Admassu Tadesse as Chairman of our Non-executive Board of Directors. Mr. Tadesse brings his extensive experience across Africa and internationally to our organization. As the President Emeritus and Group MD of the Eastern and Southern African Trade and Development Bank

May 26, 2022 • By Addis Insight

Business

Ride: Driving out of dominance?

  Ride, the byproduct of Hybrid Design, became the first of its kind by being a mobility service platform in Ethiopia. It is currently one of the biggest ride-sharing applications in Ethiopia . It didn’t start profits right away, it took some time to adjust the market

May 26, 2022 • By Addis Insight

Business

Ethiopian Airlines to order five Boeing 777 Freighters

The largest and leading aviation group in Africa, Ethiopian Airlines has put in another order for Boeing 777 cargo planes. Ethiopian Airlines Group CEO Mr Mesfin Tasew said ”The addition of these five Boeing 777 Freighters into our cargo fleet will enable us to meet the growing demand in our cargo operation. While cementing our partnership with

May 25, 2022 • By Addis Insight

Business

Foreign banks who wants to operate in Ethiopia must partner with Local banks

Foreign banks seeking to operate in Ethiopian following liberalisation of the country’s banking sector would be required to do so in partnership with local banks. Business Insider Africa observes that this could give room to some mergers and acquisitions in the Ethiopian banking sector. Ethiopia is in the process of liberalising its banking sector, with

May 25, 2022 • By Addis Insight

Business

FIFA World Cup Trophy has finally arrived in Ethiopia!

FIFA World Cup Trophy Tour has officially begun with Her Excellency President Sahle-Work Zewde accepting the Trophy at the National Palace. During the reception, CCBA-Ethiopia Managing Director Daryl Wilson stated “as Ethiopia is amongst the selected 51 countries in the world and first of the nine countries in the African Continent, the trophy tour presents

May 24, 2022 • By Addis Insight

Business

Ethio telecom recieved approval to launch micro-credit service

Ethio telecom’s Telebirr received a green light from the National Bank of Ethiopia to launch micro credit and saving services. Governor of the National Bank, Yinager Dessie (PhD), stated that the provision of these services through Telebirr would financially benefit a large number of Ethiopians. The National Bank’s decision was also given as part of

May 24, 2022 • By Addis Insight

Business

Beu Delivery Surpass Deliver Addis & Raised Multi-Million Dollar Seed Funding

A Chinese overseas company focused on the African food delivery market, has completed a multi-million dollar seed round of financing, led by Y Combinator, Goodwater Capital and Ethiopian angel investor Addis Alemayehou. Chapter 42 has served as a financial advisor.  The newly raised funds in this round will be used for market expansion and technology

May 24, 2022 • By Addis Insight

Business

Ermias Amelega Recommendations for what ails the economy

Recommendations for what ails the economy: The road to stainable economic recovery and growth starts with a large (US$4-6 billion) non-debt foreign currency infusion to reboot the economy and anchor the liberalization of the exchange rate regime to a managed float after which market forces will balance supply and demand of foreign exchange. 2. The

May 22, 2022 • By Addis Insight