New Business Ethiopia – Reporting Business Since 2009

eCommerce at center of global summit

March 26, 2019March 26, 2019 newbusinessethiopia

The lack of development aid earmarked to help poorer countries build the infrastructure and skills they need to adapt to the digital economy raises profound questions that decision-makers from governments, businesses and civil society organizations will address next week at UNCTAD’s eCommerce Week.

AIM lists ethnic vilolence in Addis Ababa under PM Abiy regime

March 25, 2019March 25, 2019 NBE

The inhabitants of Addis Ababa have been under constant attack by narrow Oromo nationalists leading to ethnic violences and mass displacement since the coming of the reformist Prime Minister Abiy Ahmed to power, says the Addis Ababa International Movement (AIM), a civic advocacy group founded in 2018. AIm has released the following chronological catalogue of […]

Africa told to addressroot causes of conflicts

March 24, 2019March 25, 2019 NBE

Africa cannot have sustainable development without sustaining peace, United Nations Deputy Secretary General, Amina Mohammed said Saturday.

UN report points how African governments boost revenue

March 24, 2019 NBE

A new report by the UN Economic Commission for Africa (UNECA) points out how Africa government can boost their revenue by up to 20% of their GDP.

Continental bank launches public, private climate financing for Africa

March 23, 2019 NBE

The public sector cannot provide enough finance to make African countries resilient to climate change impacts, and funding from the private sector is hard to come by. At the same time, many grassroots adaptation initiatives are being developed and some of these are making a big difference.

Ethiopia closer to liberalize financial sector

March 21, 2019March 21, 2019 NBE

The Ethiopian Parliament today passes the African Continental Free Trade Area (AfCFTA) by officially beginning its journey to liberalization of the long awaited financial sector.

Crashed plane pilot got Boeing recommended training, Ethiopian says

March 21, 2019March 21, 2019 NBE

Refuting today’s New York Times reporting, Ethiopia Airlines said all its pilots have gone through Boeing recommended training before they start flying the B-737-800 MAX.

Japan provides assistance to displaced people in Ethiopia

March 21, 2019March 21, 2019 NBE

The Embassy of Japan in Ethiopia has contributed $2.5 million to UN Children’s Fund Ethiopia to help alleviate the water, sanitation, and hygiene (WASH) needs of some 400,000-people displaced by droughts and ethnic conflicts.

Experts suggest digitization for Africa’s revenue harvest

March 21, 2019March 21, 2019 newbusinessethiopia

Digitization has been variously described as pivotal in ramping-up revenue collection for financing Africa’s development.

Africa advised to abandon tax holidays for investors

March 20, 2019March 20, 2019 NBE

Chief Macroeconomist at the UN Economic Commission for Africa (UNECA), Adam Elhiraika, who is co-author of the 2019 Economic Report on Africa, advices African countries to abandon tax holidays for investors.

Humanitarian agencies assist ethic violence victims in Ethiopia

March 19, 2019March 21, 2019 NBE

The International Committee of the Red Cross (ICRC) and the Ethiopian Red Cross Society (ERCS), provided emergency assistance to displaced people in West and Central Gondar zones of Amhara region of Ethiopia.

Ethiopia secures $4.6 billion from tax

March 15, 2019March 15, 2019 NBE

Ethiopian Ministry of Revenue collected over 130.7 billion birr ($4.6 billion) during the first eight months of Ethiopian budget year started July 8, 2018.