New Business Ethiopia

Every Tuesday, Alemondji market in northern Togo swarms with people. Amid the throng, Burkinabe and Ghanaian traders offer clothes and kitchen utensils for sale. Others, calling out their wares, come from the nearby towns of Lawagnon, Moreta and Issati. Their stalls overflow with peanuts, millet, sorghum, sesame and beans.

With a the aim of helping African countries combat the coronavirus pandemic, Chinese giant online trading company Alibaba Foundation and its founder, Jack Ma foundation have donated medical supplies this morning to Gabon, Ghana, Congo, Democratic Republic of Congo (DRC).

The narcotic division of Federal Police of Ethiopia has arrested 56 foreigners from 15 different countries involved in cocaine and cannabis trafficking.

Ethiopian Airlines has changed the ultra-long haul route from Addis Ababa to Los Angeles to transit through Lome, Togo as of 17 December 2018 and will start new route from Addis Ababa to Dublin via Madrid as of 15 December 2018.

The Republic of Mauritius became the 30th shareholder of Africa50, the pan-African investment platform.

Ethiopian Airlines Group, which owns shares in in four African countries’ airlines, has announced its fifth joint venture with the Chad government buying 49%.

Electricity Regulatory Index for Africa (ERI), new report by the African Development Bank measures the level of development of regulatory frameworks in 15 African countries. The report identifies areas in which improvement is most needed in Cameroon, Cote d’Ivoire, Gambia, Ghana, Kenya, Lesotho, Malawi, Namibia, Nigeria, Senegal, South Africa, Tanzania, Togo, Uganda, and Zimbabwe.

With the aim of facilitating growth and job creation in Africa, the International Finance Corporation (IFC), a member of the World Bank Group, today announced a $60 million investment in a regional risk-sharing facility.