Investment – New Business Ethiopia

Puratos enters Ethiopian market

October 17, 2021BEHAK

Puratos Ethiopia has announced today that it has built the first of its kind food manufacturing factory and innovation hub in Ethiopia.

Andela Announces $200 million investment led by SoftBank

September 30, 2021BEHAK

Andela, the global network for remote engineering talent, today announced $200 million in Series E financing that values the company at $1.5 billion.

Djibouti based investors to establish abattoir in Ethiopia

September 18, 2021BEHAK

In a bid to best exploit & add value to the untapped massive livestock resource in Ethiopia, Djibouti based investors from different African countries have made a three days investment visit deciding to establish state of the art abattoir.

Abidjan set to host Africa Investment Forum

September 17, 2021September 17, 2021BEHAK

The Africa Investment Forum will hold its 2021 Market Days in Abidjan, Côte d’Ivoire, from the 1-3 of December 2021.

Align Financial Holdings acquires NationsBuilders Insurance Services

August 28, 2021BEHAK

Align Financial Holdings, LLC, a leading general agency and specialist program underwriting manager, announced that it has acquired NationsBuilders Insurance Services, Inc. (“NBIS”).

Ethiopia, Switzerland agree to avoid double taxation

July 29, 2021July 29, 2021BEHAK

The Government of Ethiopia today signed double taxation avoidance agreement with the Government of Switzerland.

Algeria’s Groupe Industriel Sidi Bendehiba to invest in Ethiopia

July 1, 2021BEHAK

Algeria’s Groupe Industriel Sidi Bendehiba (GISB), which is specialized in electric cables production eyes investment opportunities in Ethiopia.

Bole-Lemi industrial park secures over $44Mn from export

June 29, 2021

Bole-Lemi Industrial Park has secured 44.5 million USD from export during the concluding Ethiopian fiscal year.

New ITC guide lays out the business case for sustainable investment

June 28, 2021

Guidance to invest sustainably in markets. Four companion guides complement the handbook by listing the mandatory sustainability requirements in Ethiopia, Kenya, Mozambique and Zambia.

Ministry calls for concerted efforts for sustainable regional growth

June 28, 2021

The Transport Minister of Ethiopia Dagmawit Moges called for concerted efforts among Ethiopia, Kenya and South Sudan to realize sustainable growth in the horn region.

Ambassador invites investors in Qatar to invest in Ethiopia

June 27, 2021

Ethiopian Ambassador to Qatar Samia Zekaria invited Qatari investors to tap the huge investment potential in Ethiopia.

Kenya invites Ethiopian investors to use Lamu Port

June 25, 2021

Kenya Ports Authority called on Ethiopian investors to use the Lamu Port.

Ethiopia’s Ministry of Finance participates in Africa Investors conference

June 25, 2021

H.E. Yasmin Wohabrebbi, State Minister of Finance participated in a virtual Africa Investors conference. The conference was organized by the Standard Bank and ICBC Standard Bank.

ECA emphasizes criticality of private sector investment

June 23, 2021June 23, 2021

The criticality of private sector energy generation investments in Africa to attain the Sustainable Development Goal (SDG) 7 was emphasized today at an online ministerial session on trends of energy prices in Africa.

New Insurtech hub for wealth management launches

June 22, 2021

Wealth managers can now view, analyze, and manage structured investments alongside fixed and registered insurance products through one centralized platform jointly launched by financial services conglomerate Financial Independence Group, LLC (FIG) and fintech company SIMON Markets (SIMON).