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Karuturi, Saudi Star et al labeled poor performers, less responsible investors

A development and environmental scholar, Atkyelesh G.M. Persson has found out that foreign large-scale firms engaged in the Ethiopian agricultural sector have failed to deliver on productions and argued that most of the companies studied have been found to meet the minimum standards of a “responsible investors”, The Reporter has learnt.

Capital lease finance company opens shop

The National Bank of Ethiopia (NBE) has licensed the first foreign capital lease finance company called Ethio Lease. Ethio Lease was established by African Asset Finance Company, a New York City-based finance company, with a registered capital of 400 million birr.

iCog Labs, Kudu partner to finance startups

A locally founded and Artificial Intelligence (AI) centered company, iCog Labs, has joined up with the US-based Kudu, a venture capitalist firm, to mentor and provide seed financing for tech startups.

Connectivity surges

The new management of Ethio Telecom led by CEO Frehiwot Tamru on Tuesday presented the annual performance of the company to the media. And, according to the numbers, it has been another good year for the telecom giant amid a turbulent political landscape in the country.