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Ethiopian Business Daily

@Ethiopianbusinessdaily
Channel's geo and language: Ethiopia, English

Stay ahead of the curve with EBD. We provides daily updates on business news and trends in Ethiopia, perfect for start-ups, entrepreneurs, businessmen, & anyone interested.
Contact us: @EBD_enquiries
Join Discussion Group:
https://t.me/+eq3KEXbX55s1YWQ0

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Channel's geo and language
Ethiopia, English
Category
Business and startups
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Ethiopian Business Daily

23 Jan, 08:04

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Ethiopian Business Daily

22 Jan, 17:03

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Sub-Saharan Africa set for modest recovery in 2025 despite economic challenges, IMF Report

As the world grapples with economic uncertainties, Sub-Saharan Africa is poised for a modest recovery in 2025, according to the latest World Economic Outlook Update from the International Monetary Fund (IMF). The report, released on Friday January 17, highlights a projected growth rate of 4.2% for the region, indicating a potential rebound from the challenges faced in recent years. However, this optimistic forecast is tempered by significant risks and underlying issues that could hinder sustainable development.

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Source: capitalethiopia
@Ethiopianbusinessdaily
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Ethiopian Business Daily

22 Jan, 15:03

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Ethio Re reports 29% surge in reinsurance income for 2023/24 fiscal year

Ethiopian Reinsurance (Ethio Re), the only indemnity organization in the insurance sector, reported a 29% increase in reinsurance income for the financial year.

Established by a combination of public and private enterprises, as well as individual stakeholders in the industry, Ethio Re is the only local provider of additional coverage in the country. In the 2023/24 fiscal year, the company generated 2.2 billion birr in income from both domestic and foreign clients.

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Source: capitalethiopia
@Ethiopianbusinessdaily
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Ethiopian Business Daily

22 Jan, 13:02

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OVID Holding unveils ambitious $20 billion five-year plan

Under its five-year plan, the emerging corporate giant OVID Holding aims to engage in both continental building projects and the marine industry.

The conglomerate, which has received approval for its real estate and construction investments, has unveiled a five-year investment plan valued at USD 20 billion. This plan encompasses mining, housing, construction, industry, and agricultural developments, along with several joint ventures to strengthen its operations.

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Source: capitalethiopia
@Ethiopianbusinessdaily
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Ethiopian Business Daily

22 Jan, 11:03

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በደቡብ ኢትዮጵያ ህዝቦች ክልል የቤንዚን ምርት ሽያጭ በኩፖን እንዲሆን ተወሰነ።

የደቡብ ኢትዮጵያ ህዝቦች ክልል ንግድና ገቢያ ልማት ቢሮ ለሁሉም ዞን ንግድና ገቢያ ልማት መምሪያ ዛሬ ተጽፎ በተሰራጨው ሰልኩላር ደብዳቤ መሰረት ከጥር 30 ጀምሮ ሁሉም የነዳጅ ማደያ ያለባቸው ከተሞች ከጥር 30/2017 ጀምሮ ነዳጅ በኩፖን እንዲሸጥ ትዕዛዝ አስተላልፏል።

ቢሮው የነዳጅ ምርት እጥረቱ ከጊዜ ወደ ጊዜ ከመሻሻል ይልቅ እየተባባሰ ከመምጣቱ ጋር ተያይዞ በተለይ የባለ ሁለት እግር ሞተሮች በየቀኑ ተመላልሶ መቅዳት ለኮንትሮባንድ ሽያጭ ከፍተኛ አስተዋጽኦ በማድረግ ለችግሩ መባባስ ዋነኛ መንስኤዎች መሆናቸውን ከተደረገው ክትትል ለማረጋገጥ ተችሏል ብሏል።

በአንዳንድ የክልሉ ከተሞች የኩፖን ሥርዓት በመዘርጋቱ ሥርጭት ላይ ያለውን የቤንዚን ምርት በአግባቡ ማሰራጨት መቻሉንና ለክትትልም ምቹ ሁኔታ መፈጠሩን ማስተዋሉን ነው በደብዳቤው የጠቀሰው።

በመሆኑም የነዳጅ ማደያ ያለባቸው ከተሞች ከጥር 30/2017 ዓ.ም ጀምሮ የትኛውም ተሽከርካሪ በኩፖን ብቻ እንዲስተናገድ እና ታርጋ የሌላቸው ተሽከርካሪዎች ሀጋዊ የተሽከርካሪ ሠሌዳ እስኪያወጡ ድረስ የግልም ሆነ የመንግስት ተሽከርካሪዎች እንዳይስተናገዱ ሲል በደብዳቤው ጠቅሷል።

ቢሮው አክሎም "ህገ-ወጥ የሆኑትን ማክሰም አስፈላጊ በመሆኑ ተግባራዊ እንዲደረግ እየገለጽን የነዳጅ ምርት ሽያጭም ቢሆን በኤሌክትሮኒክስ ቴሌ ብር እና ሲቢኢ ብር/ የመገበያያ መንገዶች ብቻ እንዲፈጸም በጥብቅ እናሳስባለን፡፡" ሲል በሰርኩላር ደብዳቤው አስታውቋል።

ከዚህ ቀደም ወላይታ ሶዶ ከተማ፤ ወራቤ ከተማ፤ ዲላ ከተማ በዚሁ መልኩ ሲጠቀሙ ቆይተዋል።

Source: tikvahethmagazine
@Ethiopianbusinessdaily
2.8k 0 5 2 9
Ethiopian Business Daily

22 Jan, 09:01

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Investors with Over Birr 60 Billion Capital Begin Operations in Dire Dawa

Dire Dawa is witnessing a surge in investment activity, with investors who registered capital exceeding Birr 60 billion during the first half of the fiscal year now commencing operations, according to the city's Commerce, Industry, and Investment Bureau.

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Source: 2merkato
@Ethiopianbusinessdaily
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Ethiopian Business Daily

22 Jan, 07:00

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ሁሉንም በአንድ የያዘ ስማርት ካርድ ወደ ሥራ ለማስገባት እየተሰራ ነው ተብሏል።

የአዲስ አበባ ከተማ የሲቪል ምዝገባ እና የነዋሪነት አገልግሎት ኤጀንሲ የፋይዳ መታወቂያ ቁጥር የያዘ፣ የመንጃ ፍቃድ ቁጥር ያለው እንዲሁም እንደ ኤቲ ኤም ካርድ የሚያገለግል ሁሉንም በአንድ የያዘ የነዋሪነት መታወቂያ ስማርት ካርድ ወደ ሥራ ለማስገባት በፕሮጀክት ደረጃ እየሰራ መሆኑን ጠቅሷል።

የአዲስ አበባ ከተማ የነዋሪነት መታወቂያን ስማርት አርጎ አሁን ከምንጠቀምበት የተሻለ ተደርጎ ሰዎች የተለያዩ ካርድ ይዘው ከሚንቀሳቀሱ ሁሉንም አገልግሎቶችን በአንድ የያዘ ካርድ በቀጣዮቹ 6 ወራት ውስጥ ወደ አገልግሎት ለማስገባት በእቅድ ይዞ እየሰራ መሆኑን ቲክቫህ ኢትዮጵያ ከኤጀንሲው ሰምቷል።

ካርዱ የሚሰራበት ዋነኛ አላማም አገልግሎት አሰጣጥ ላይ ያሉ ችግሮችን በመቅረፍ፣ ነዋሪዎች 3 ወይም 4 ካርድ ይዘው ከሚንቀሳቀሱ በ1 ካርድ ሁሉንም አገልግሎቶች አግኝተው አገልግሎት አሰጣጥና ተጠቃሚነትን ቀላል ለማረግ መሆኑን አሳውቋል።

ኤጀንሲው ለቲክቫህ እንደገለፀው ይህ ጉዳይ ከሚመለከታቸው ተቋማት ጋር ትስስር ሊኖር እንደሚገባና በአሁኑ ሰዓትም ፋይዳ ጋር በጋራ እየሰራ መሆኑን አስታውቋል።

ለወደፊት ደሞ ስራው ተጠናቆ ካርዱ ወደስራ ሲገባ ባንኮች እና ሌሎች የሚመለከታቸው ተቋማት የጋራ ትብብር እንደሚፈጠርም ተገልጿል።

ይህ አገልገሎት በሚቀጥሉት 6 ወራት ውስጥ ወደ ስራ ለማስገባት እቅድ የተያዘለት ፕሮጀክቱ አሁን ላይ ማሳያዎች (Samples) እየተሰራ ይገኛል።

አዲስ የሚሻሻለው የመታወቂያ አገልግሎት ፕሮጀክት ተግባር ላይ መዋል ሲጀምር ወይም የሚሻሻሉ፣ የሚጨመሩ ጉዳዮች ሲኖሩ ኤጀንሲው ለህዝብ በይፍ እንደሚያሳውቅም ነው ያስታወቀው።

Source: tikvahethmagazine
@Ethiopianbusinessdaily
3.2k 0 18 15
Ethiopian Business Daily

21 Jan, 18:24

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#Daily_Quiz Which of the following is a common method of raising capital for a business?
Poll
  •   A) Equity financing
  •   B) Debt financing
  •   C) Crowdfunding
  •   D) All of the above
214 votes
3.5k 0 4 3 3
Ethiopian Business Daily

21 Jan, 16:00

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Ethiopia Seeks $2 Billion in Green Finance Amid Climate Vulnerability

Ethiopia, facing mounting climate challenges and a limited early warning system, has set an ambitious target of mobilizing $2 billion in green financing by 2030.

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Source: shegamedia
@Ethiopianbusinessdaily
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Ethiopian Business Daily

21 Jan, 14:16

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Ethiopia's export revenues soared to $3.2 billion in the first half of the 2024/25 fiscal year, exceeding government targets by 45%. The remarkable performance follows the country’s recent currency float, which caused the birr to lose more than half its value but significantly boosted export competitiveness.

Coffee, Ethiopia's top foreign exchange earner, contributed $908 million from 204,000 tons of shipments, according to Shafi Umer, Deputy Director-General of the Ethiopian Coffee and Tea Authority. The government aims to export 400,000 tons of coffee by year-end, targeting $2 billion in revenue. Officials project total exports for the year to surpass $6 billion, a significant jump from the $3.2 billion recorded last year.

Source: linkupbusiness
@Ethiopianbusinessdaily
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Ethiopian Business Daily

21 Jan, 12:01

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Oromia Coffee Farmers’ Union Earns Over €1.7 Million from Carbon Credit Sales

The Oromia Coffee Farmers’ Cooperative Union has generated €1,794,934 from carbon credit sales.

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Source: 2merkato
@Ethiopianbusinessdaily
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Ethiopian Business Daily

21 Jan, 10:04

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Ethio Telecom Reaches 80 Million Customers

Ethio telecom announced its customer base has reached 80 million, driven by its efforts to enhance financial inclusion and support Ethiopia's national development.

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Source: 2merkato
@Ethiopianbusinessdaily
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Ethiopian Business Daily

21 Jan, 08:00

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Ethiopia Earns USD 908 Million from Coffee Exports in Six Months

Ethiopia has earned USD 908 million from coffee exports over the past six months, exceeding its target, according to the Ethiopian Coffee and Tea Authority (ECTA).

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Source: 2merkato
@Ethiopianbusinessdaily
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Ethiopian Business Daily

20 Jan, 16:00

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IMF completes second review of extended credit facility, unlocks $248 million

The International Monetary Fund (IMF) Executive Board has completed the second review of Ethiopia’s Extended Credit Facility (ECF), enabling the country to access approximately $248 million to support its balance of payments needs. This decision marks a significant milestone in Ethiopia’s economic reform journey, following the ECF’s approval in July 2024 as part of a broader $10.7 billion support package from development partners and creditors.

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Source: capitalethiopia
@Ethiopianbusinessdaily
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Ethiopian Business Daily

20 Jan, 14:31

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Explore the numbers that shape Ethiopia's startup ecosystem in these week's Crunching the Numbers!

Ethiopia's startup ecosystem is witnessing remarkable growth, with total enterprise valuations reaching $303 million in 2024, a latest insight report by Growth Africa and systemic innovation, supported by the UK’s Foreign, Commonwealth & Development Office (FCDO).

Dive into this report to get insights on how this companies are gaining traction and other key economic activities of the past week in our newsletter.

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Source: linkupbusiness
@Ethiopianbusinessdaily
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Ethiopian Business Daily

20 Jan, 11:33

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በተደረገዉ የምርት ጥራት ኢንስፔክሽ የጥራት ደረጃዉን አላሟሉም የተባሉ ከ 40 በላይ ድርጅቶች ከማምረት ሂደታቸው እንዲታገዱ ተደረገ

የንግድና ቀጠናዊ ትስስር ሚኒስትር ባለፉት 6 ወራት ዉስጥ አስገዳጅ ደረጃ በወጣላቸውና በገበያና ፋብሪካዎች ላይ በሚገኙ የስጋት ደረጃቸው ከፍተኛ በሆኑ 21 የምርት አይነቶች አስገዳጅ የኢትዮጵያ ደረጃ መስፈርት የወጣላቸውን ምርቶችን በሚያመርቱ 210 ፋበሪካዎች በድምሩ 245 ድርጅቶች ላይ የምርት ጥራት ቁጥጥርና ክትትል ስራ መከናወኑን አስታውቋል ።

በዚህም የምርት ጥራት ኢንስፔክሽን ከተከናወነባቸው 245 ድርጅቶች ላይ 194 ወካይ ናሙናዎችን በመውሰድ በተደረገው የላብራቶሪ ፍተሻ ውጤት መሰረት 77 ድርጅቶች ለምርቱ የተቀመጠውን የጥራት ደረጃ ሳያሟሉ 46 ድርጅቶች ደግሞ የጥራት ደረጃ ያላሟሉ መሆናቸውን ተረጋግጧል ብሏል።

የጥራት ደረጃ አላሟሉም የተባሉ እነዚህ 46 ድርጅቶች ከማምረት ሂደታቸው እንዲታገዱ እና ምርታቸውን ወደ ገበያ እንዳያቀርቡ እንዲሁም ከገበያ ላይ እንዲሰበስቡ መደረጉ ተጠቁሟል ።

Source: capitalethiopia
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Ethiopian Business Daily

20 Jan, 09:31

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የዉጪ ምንዛሪ ለዉጡን ተከትሎ ከግምት ዉስጥ ያስገባ የኤሌክትሪክ ታሪፍ ማሻሻያ እንዲደረግ ከአለም አቀፍ የገንዘብ ተቋማት ጥሪ ቀረበ

መንግስት ለረጅም ጊዜ ሲጠብቅ የነበረውን የኤሌክትሪክ ታሪፍ ጭማሪ ተግባራዊ ቢያደርግም አለም አቀፍ የገንዘብ ተቋማት ግን ተጨማሪ ክለሳዎች እንዲደረጉ እየጠየቁ መሆኑን ካፒታል ተረድታለች።

የሚኒስትሮች ም/ቤት ሰኔ 13 ቀን 2016 ዓ.ም. ባካሄደው 36ኛው መደበኛ ስብሰባ ላይ የኤሌክትሪክ ታሪፍ ጭማሪን ያፀደቀ ሲሆን ይህም ጭማሪ ከመስከረም 1/2017 ጀምሮ ተግባራዊ እንዲሆን መወሰኑ ይታወቃል።

አገልግሎቱ በአዲሱ የታሪፍ ማሻሻያዉ እስከ 200 ሜጋዋትስ ሰዓት የሚጠቀሙ ደንበኞችን ድጎማ እንደሚያደርግ ገልጿል ። ማሻሻያው በዝቅተኛ የኑሮ ደረጃ ላይ የሚገኙትን ደንበኞች ታሳቢ አድርጓል ቢባልም የተደረገው ጭማሪ በዓመት ዉስጥ 122 በመቶ ደርሷል።

ይሁን እንጂ ከማክሮ ኢኮኖሚ ለውጡ ጋር በተገናኘ እንደ አለም ባንክና የአለምአቀፉ የገንዘብ ተቋምን (አይ.ኤም.ኤፍ) የመሳሰሉ አለምአቀፍ አጋሮች የተለያዩ ድጋፍ ከማድረጋቸው ጋር ተያይዞ መንግስት ያፀደቀውን የታሪፍ ጭማሬ በድጋሚ እንዲያጤነው መጠየቃቸው ነዉ ለማወቅ የተቻለው።

Source: capitalethiopia
@Ethiopianbusinessdaily
4.5k 0 24 6 30
Ethiopian Business Daily

19 Jan, 15:16

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እንኳን ለጥምቀት በዓል አደረሳችሁ።
መልካም በዓል እንዲሆንላችሁ እንመኛለን።

@Ethiopianbusinessdaily
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Ethiopian Business Daily

19 Jan, 07:30

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🌐 ቲክቶክ በአሜሪካ አገልግሎቱ ተቋረጠ

ቲክቶክ ከደቂቃዎች በፊት በአሜሪካ መስራት አቁሟል።

ከቻይና መንግስት ጋር ግንኙነት እንዳለው በአሜሪካ መንግስት ክስ የቀረበበት የቲክቶክ ዋና ድርጅት ባይት ዳንስ ማስተካከያ እንዲያደርግ ወይም የድርጅቱን የአሜሪካ ቅርንጫፍ ለአሜሪካ ኩባንያዎች እንዲሸጥ ተጠይቆ ነበር።

ቲክቶክ አገልግሎቱ ለ175 ሚልዮን አሜሪካውያን ዛሬ ቢቋረጥም ሰኞ እለት ወደ ስልጣን የሚመጡት ዶናልድ ትራምፕ እገዳውን እንደሚያስቆሙት ይጠበቃል።

Source: meseretMedia
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Ethiopian Business Daily

18 Jan, 18:52

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እንኳን ለከተራ በዓል አደረሳችሁ!

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