Started off as a government agency established to support Small and Micro Enterprises (SME) and startups within the United Arab Emirates (UAE), the Khalifa Fund for Enterprise Development (KFED) is set to expand its support to SMEs, entrepreneurs and startups in Ethiopia allocating USD 100 million to be used as revolving fund by the program which the organization will implement in partnership with the Ministry of Technology and Innovation (MoTI), The Reporter has learnt.
The United Arab Emirate (UAE) based multinational port and terminal operator, DP World, said that it has been closely following the privatization moves the Government of Ethiopia is considering; and currently, the state owned operator is finalizing a feasibility studies to launch a logistical operations across East Africa where Ethiopia is one of the targeted countries.
Looking to attract prospective candidates from Ethiopia for the USD 3 million prize fund,Zayed Sustainability Prize has decided to partner with xHUB Addis, one of Ethiopia’s noted incubation hubs, just in time for the upcoming 2020 edition.
A repeatable UAE contractor Shafa Al Nahda, long associated with DP World another known port developer and operator, has clinched the USD 101 million expansion projects planned at the Port of Berbera, Somaliland this week.
The Ethiopian Investment Commission (EIC) has made an announcement that individual investors are looking to buy the whole manufacturing sheds of an industrial park on lease terms.