Market News
Ethiopia and Africa market
In 2016 Ethiopia imported $17.9B, making it the 75th largest importer in the world. During the last five years the imports of Ethiopia have increased at an annualized rate of 14.7%, from $8.83B in 2011 to $17.9B in 2016.
The top import origins of Ethiopia are China ($5.46B), the United States ($1.54B), India ($1.3B), Kuwait ($1B) and Italy ($700M).
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Africa Remains Continent of Hope - UN Secretary General
Posted on :Monday , 6th February 2017
UN Secretary-General António Guterres says Africa remains a continent of hope in spite of the obvious crises and underdevelopment currently ravaging the region.
Guterres, in a commentary entitled: "A Continent of Hope", following his visit to the region on Monday to participate at the 28th Summit of the African Union in Addis Ababa, said there are m. . .Expogroup Wins Big at the Tanzania Leadership Awards 2016
Posted on :Friday , 3rd February 2017
On the evening of Friday 27th January 2017, members of the business community in Tanzania gathered at the Hyatt Regency Hotel to celebrate the most accomplished businesses of 2016. The event was the Tanzania Leadership Awards (TLA), which honors successful businesses that range from conglomerates with more than 500 employees, to small start-ups with a staff count of 2 to 4 employees. . .
Ethiopia: Addis Bank Registers Huge Profits
Posted on :Friday , 3rd February 2017
Addis International Bank has had an impressive year, registering an annual profit growth of 100pc, since its establishment in 2011 as one of the late entrants into the banking industry. The Bank earned a net profit of 85.3 million Br in the 2015/16 fiscal year, a 46pc increase over its performance in the previous year.
The Bank currently claims to have over 8,370 sh. . .Africa: President of Guinea Becomes New AU Chairperson
Posted on :Tuesday , 31st January 2017
Guinea's President Alpha Conde has taken over as the new chairperson of the African Union from Chad President Idris Deby who on Monday completed his one year term at the helm of the continental body.
Conde was elected Monday morning by the African Heads of State present at the Opening of the African Union Summit General assembly underway in Addis Ababa, Ethiopia.Crowdfunding Helping African Entrepreneurs Grow
Posted on :Saturday , 21st January 2017
The banks wouldn't give him a loan, so Cameroonian Georges Badjang approached a crowdfunding platform. Although relatively unknown in Africa, this alternative source of finance is helping his firm grow.
Jacques Georges Badjang was never really interested in emigrating abroad. Even when he was a student, he was determined to show it was possible to create and achieve. . .Please Select an Option
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