Business

Ethio Telecom Signs An Agreement To Lease Its Modern Modular Data Center For Five Institutions

Ethio telecom built and launched a modern modular data center recently and has been utilizing it for own multiple purposes and leasing for enterprises. The company has signed a memorandum of agreement today with Zemen Bank, Rays Micro Finance, ZamZam Bank, Hijira Bank and Websprix that would enable these institutions use this modern high-capacity world

May 21, 2022 • By Addis Insight

Business

Tulu Kapi targets 250 Million USD of gold export annually from Ethiopia

Media Statement In London this morning 17 May 2022, KEFI shareholders formally approved the recent capital raisings which were in several stages providing GBP28 million for KEFI to inject into early development works mainly at Tulu Kapi and also at the two Saudi Arabian projects. The total is the equivalent of Ethiopian Birr 1.8 billion

May 19, 2022 • By Addis Insight

Business

Ethiopia Investment Holdings to Oversee Formation of Capital Market

Ethiopia Investment Holdings, the country’s sovereign abundance reserve shaped recently, declared it has been entrusted with laying out the Ethiopian protections trade (ESX), assuming control over the obligation from the National Bank of Ethiopia. It has been almost two years since the national bank started laying out Ethiopia’s most memorable capital market. The administrative body

May 18, 2022 • By Addis Insight

Africa News

Ethiopia among the top 10 African countries for highest corporate tax

In this article, we are going to list the top 10 major economies in Africa by gross domestic product (GDP) with the highest corporate tax rates. Corporate tax rates vary across the globe and reflect the unique economic needs of every country. Countries rich in natural resources, for example, often generate a bulk of their

May 17, 2022 • By Addis Insight

Business

Ethiopia joins The International Forum of Sovereign Wealth Funds

IFSWF Strengthens its Footprint in Africa with Three New Memberships London, 17 May 2022 – The International Forum of Sovereign Wealth Funds (IFSWF), a global network of sovereign wealth funds from over 40 countries, has admitted the Sovereign Fund of Egypt, as a full member, as well as Ethiopian Investment Holdings and the Fonds Souverain de Djibouti

May 17, 2022 • By Addis Insight

Business

Ethiopia’s exports to China rise by 8% in 2021 over 2020 figure

Ethiopia’s export to China witnessed a steady growth amid booming bilateral trade and investment cooperation, according to Chinese ambassador to the country Zhao Zhiyuan, who recently said Ethiopia’s exports to China increased by 8 per cent in 2021 compared with 2020 as new foreign direct investment (FDI) from Chinese companies grew by 346 per cent.

May 16, 2022 • By Addis Insight

Business

Ethiopia Sip One Billion Dollar from Coffee Export

Oumer Hussein, Ethiopia’s Minister of Agriculture, said in a congratulatory tweet that Ethiopian coffee exports had reached a new high of $1 billion in income. The export of around 300,000 tonnes of coffee to the global market contributed to the record-breaking revenue. Once again, China is Ethiopia’s top customer. In 2021, China’s imports of Ethiopian

May 15, 2022 • By Addis Insight

Business

Meet Total’s Startupper of The Year Winners From Ethiopia

Startupper of the Year Challenger by TotalEnergies After the decisive final stage during which the 15 finalists were invited to pitch their project to a local jury, 3 winners were chosen in each country. 32 African countries took part in the Startupper of the Year Challenge by TotalEnergies’ 3rd edition! Our aim is to support young entrepreneurs’ that

May 13, 2022 • By Addis Insight

Business

The Bank of Abyssinia Future Head Quarters Construction Project has been formally initiated

The Bank of Abyssinia Future Head Quarters Construction Project has been formally initiated by an International Competitive bid floated in December 2020 and awarded to China State Construction Engineering Company after in-depth negotiation on the contract terms.   Today’s signing sets a significant milestone in the history of the Bank of Abyssinia. Bank of Abyssinia,

May 13, 2022 • By Addis Insight

Business

Ethiopia’s Addis Alemayehou Named in 100 Global Tech’s Changemakers List

 Ethiopia’s serial entrepreneur and investor Addis Alemayehou was recognized in the Rest of World (RoW)’s 100 Global Tech’s Changemakers’ list for his contribution to the tech sector amid challenges. Addis Ababa, Ethiopia May 12, 2022 – Kazana Group chairman, Mr. Addis Alemayehou who has become a household name in Africa’s business and entrepreneurship landscape with Ethiopia as

May 12, 2022 • By Addis Insight