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New company joins taxi hailing business

El-Taxi Trading has become the latest company to enter the taxi hailing app business in which taxi owners’ associations are members along with the management of the company. It has been four months since the establishment of the company.

 Private engagement

The \Ministry of Finance unveiled what it called a “Home-Grown economic Reform” this week, spearheaded by the Office of the Prime Minister with the involvement of various policy institutions including the National Bank of Ethiopia (NBE), at an event held on Wednesday, August 28, 2019, at Sheraton Addis Hotel in Addis Ababa.

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.

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.

Chinese corporate leaders strengthen ties, trade relations

A large delegation of Chinese corporate leaders from the Shandong region has visited Ethiopia this week. Headed by the China Council for the Promotion of International Trade of Shandong Sub-Council, the delegates met with their counterparts in Ethiopia and held a Shandong Ethiopia Business Forum in the capital.

Coca-Cola to invest USD 300 mln in Ethiopia

Stretching on 14.3 hectares of land, a new Coca-Cola Factory that requires an investment outlay of two billion birr or USD 70 million, said to be the largest plant for coca cola in the country, is set to be finalized early next year, The Reporter has learnt.