Launching blueMoon, a youth agribusiness startup incubation platform two years ago, the economist turned entrepreneur, Eleni Gabre-Madhin (PhD) has organized her debut event “Startup Ethiopia” which has attracted some 3,000 visitors last week, and managed to secured commitments both from the government and investors alike.
The power rationing program that started in April is thwarting the productivity of the cement industry.
The local cement manufacturing industry, which has been facing a myriad of challenges, has been hard hit by the power shedding program the state power monopoly, Ethiopian Electric and the Ministry of Water and Energy recently introduced.
Cognizant of the need to promote private investment in Ethiopia and to assist in the government’s effort in job creation, the Government of Ethiopia (GoE) is preparing a policy that enables the setting up of a local venture capital fund in the country.
The Government of Ethiopia (GoE) is preparing a three-year financial program to overcome the country’s daunting financial challenges, Eyob Tekalign (PhD), State Minister of Finance, said at the fifth Annual Private Equity in East Africa Conference held at Sheraton Addis Hotel on June 13, 2019.
In taking the privatization process further, the Ethiopian government has officially extended an offer to at least 12 global companies to submit financial and technical proposals in order to engage in the power production and operations.