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DFC chief visits Ethiopia  

The Chief Executive Officer of the United Development Finance Corporation (DFC), Adam Boehler visited Ethiopia this week and held a meeting with sections of the leadership including Prime Minister Abiy Ahmed (PhD), on how to support the slew of reform initiatives on the nation’s developmental goals.

Cheers all around

Ethiopian Airlines recognized members of Sheba Miles, its frequent-flyer program, as it marks the 20th anniversary of the program. 

Macroeconomic imbalances evolving to crises

The coming of Prime Minister Abiy Ahmed (PhD) to power has been marred with critical political, economic and social pitfalls. His measures in relaxing the stifling leadership style of the ruling Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) likewise stimulated many to come out and speak.

Electricity initiative reaches 70 mln people

Power Africa, a five-year American presidential initiative launched by former President Barack Obama, has reportedly created 15 million new electrical connections bringing electricity to 70 million people.

Innovation week concludes bolstering tech friendly society

With hundreds of innovators in attendance, the weeklong African Innovation Week (AIW) 2019 will conclude this afternoon inside the headquarters of the African Union (AU). Organized by the Ministry for Innovation and Technology (MiNT), the African Union Commission and the Oslo International Hub – the event highlighted Women Innovation and Entrepreneurship, AgriTech, Smart Cities, ShelterTech and Circular Energy, HealthTech and Travel and Investment.

IFC injects EUR 20 mln in Soufflet Ethiopia

The International Finance Corporation (IFC), a member of the World Bank Group, has financially backed Soufflet Malt Ethiopia – a subsidiary of the French-based Gruope Soufflet – with EUR 20 million to help expand the company’s malt production and for its role involving some 40,000 smallholder farmers in the value chain.