Ethiopian Business Review – Ethiopian Business Review

The Arki Homes Expo is formally launched today at Millennium Hall. It is touted as an opportunity to link constructors, home sellers and buyers, developers, and various institutions.

According to reports, many home builders will share knowledge and experience with expo attendees and visitors about the status of the homes they are currently building, the cost of the homes they plan to build, and the goods and services they require. The expo is scheduled to take place from May 13 to May 15, 2023.

Banks and partner organizations, among the more than one hundred organizations involved in the industry, will take part. It is additionally stated that by merging both governmental and non-governmental institutions, it would give a good opportunity for people who are supposed to operate at the local and national levels to build structural coordination.

Expo is anticipated to feature free training for sales professionals, panel discussions, developmental objectives, and nation-building activities focused on the diaspora.

KEFI Gold and Copper, the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, announced the signing of the Final Umbrella Agreement for the project financing of its Tulu Kapi Gold Project, which is held by Tulu Kapi Gold Mines Share Company.

The Fintech Innovation of the Year Award honors the company, initiative, or person who has upended the African fintech sector. For the second edition of the AfricaTech Awards, VivaTech and the International Finance Corporation (IFC) have partnered this year. This program aims to identify and support forward-thinking businesses with an African focus that are developing game-changing innovations in the fields of climate, health, and financial technology sectors.

Prime Minister Abiy Ahmed made a name for himself as an African reformer because of the successive policy changes he introduced to liberalize one of Africa’s closed economies. The licensing of the second telecom operator, Safaricom, which ended Ethiopia’s 127 years of telecom monopoly, has indeed sent a strong signal about Ethiopia’s commitment to build a digital economy.

Video gaming is no longer just a pastime for the young. The size of the global video game market has increased as younger generations have grown up with video games as a staple of daily life. According to some projections, the United States topped the list of the largest gaming marketplaces globally in 2022, with revenue of 54.9 billion dollars. China’s video game market came in second place, with yearly sales of over 44 billion dollars.

The video game industry has advanced significantly as a result of the availability of photorealistic graphics, reality simulation, and internet connections with millions of other players in today’s games and gaming platforms. Video game playing is no longer only a kid’s pastime evolving into a way of life for people of all ages. In this article, EBR’s Eden Teshome tells a story on how gaming is growing both as a business and leisure both in Ethiopia and Africa, at large.

Since the founding of the first bank in the early 20th century, the banking sector had witnessed the heavy-handed interventions of the government. Since NBE started functioning as a central bank as stipulated in Proclamation No. 206 in 1964 this role of the government has continued.

Despite the lack of independence, the central bank has had relative competence in the way its governors execute their duties. There have also been proclamations that limit the government’s excessive interventions and borrowing. These restrictions enabled the bank to control inflation and other economic anomalies. However, the restrictions were lifted in 2008. Since then, inflation has become a major nuisance in the economy, among others.

According to reports, grains, of which wheat is a significant component, are the most imported agricultural product in Africa. Meanwhile, due to excellent agro-climatic conditions, nations in East Africa including Ethiopia, Kenya, and Zambia have the potential to produce wheat locally.

The majority of African nations imported their wheat from Russia and Ukraine. For instance, the majority of the wheat imported by Egypt, the top buyer of wheat in both Africa and the globe, comes from Russia (60 Pct) and Ukraine (22 Pct).

Since the start of the war between the Government of Ethiopia (GoE) and the Tigray People’s Liberation Front (TPLF) in November 2020, the relationship between the USA and Ethiopia has strained. Ever since, Washington has been throwing every punch at its disposal at Abiy Ahmed’s administration.

Following the tensions, public figures and government officials have repeatedly downplayed the importance of maintaining good ties with Washington. Public protests demeaning the US and its actions quickly became common, organized by city and state administrations. It was an exercise in futility considering the irreplaceable role the US plays as Ethiopia’s single largest humanitarian donor and development partner.

Ever since protests began in the State of Oromia back in 2013, Ethiopia has hardly been able to breathe the air of peace. Then, the protests intensified following discontent among the youth claiming the expansion of Addis Ababa into the State of Oromia was detrimental and unfair to farmers in the area. Later, the protests expanded as the youth in the State of Amhara joined the demonstrations.

Arki Homes Expo being held at Millennium Hall

Tulu Kapi Signs Umbrella Agreement

Local company Wins Fintech Innovation Award

Internet ‘Shutdown’ Disincentivizes Business

Top 10 Countries by Game Revenues

Local Gaming Industry on the Rise

Central Bank Independence is Central

Top 10 African Wheat Importers

Ethio-US Relations Vital Gov’t Must Keep Cool Head

“There is no bad peace!”

Arki Homes Expo being held at Millennium Hall

Tulu Kapi Signs Umbrella Agreement

Local company Wins Fintech Innovation Award