EU business forum pledges to support Ethiopia in investment areas
European Union Business Forum (EUBFE) has pledged to help Ethiopia to become a global investment hub and create conducive investment climate, according to Ministry of Finance.
Addis Ababa Angels invests in Eshi Express
Addis Ababa Angles Network founded with the aim of promoting economic development and sustainability in Ethiopia, announced its investment in Eshi Express, a delivery service firm, as part of the strong belief…
Sumitomo executive vice president praises gov’t for transparent handling of telecom bid
Sumitomo Corporation Executive Vice President, Toshikazu Nambu has reportedly thanked the Government of Ethiopia for transparently handling the recent telecommunication bidding process.
Global partnership, finance minister discuss on upcoming plans
Finance Minister Ahmed Shide, and consortium of global Partnership discussed on upcoming plans of the consortium in advancing telecoms operation in Ethiopia.
Automotive ventures closes inaugural fund to invest in early-stage auto tech companies
Automotive Ventures, the company that supports automotive technology entrepreneurs, businesses, and investors with industry-specific resources, strategic consulting, and extensive connections, has announced the final closing of its inaugural venture fund, Automotive Ventures Fund I.
Africa’s Best Brands unaffected by pandemic
African Business today released its June cover story featuring its exclusive ranking of Africa’s Best Brands. This year’s ranking was released during a virtual event from Uganda organized by Brand Africa, founders…
Partners to unlock additional sustainable investment opportunities in Africa
The African Development Bank Group and the European Bank for Reconstruction and Development (EBRD) on Monday signed a memorandum of understanding to promote sustainable private sector development in Africa.
HID Global invests in Paravision
HID Global, a worldwide leader in trusted identity solutions, has invested in Paravision, a leading provider of advanced facial recognition solutions and recognized for its world-class leadership in accuracy.
TranSigma announces partnership with Celonis
TranSigma, an agile transformation management consulting firm, today announces a new partnership with Celonis, the global leader in Execution Management.
Appriss Health completes PatientPing Acquisition
Appriss Health, a cloud-based care coordination software and analytics solutions focused on behavioral health and substance use disorders, announced today completing its acquisition of PatientPing – a care coordination data and software…
Boosting investment for infrastructure, energy in Africa
The Economic Commission for Africa (ECA) is working with African countries to increase investment in infrastructure and agriculture on the continent.
Ethiopia extends telecom license telecom bidding date
Ethiopia Communications Authority (ECA) has indicated extending the deadline for international bidders to compete for the two telecom licenses the authority is set to issue.
Media OutReach, News Direct ink business partnership
PRESS RELEASE – News Direct and Media OutReach – two newswires that are revolutionizing the news distribution industry with advances in technology, analytics, security and workflow – have entered into a reciprocal…
Sea Electric Holdings completes $42 million equity financing
Following substantial growth in new markets, global automotive technology company SEA Electric Holdings Pty Ltd. (SEA Electric), announced it has closed initial private placement equity financing for total gross proceeds of approximately…