AU, China Ink Deal to Build Africa CDC HQ

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Africa Maritime Conference Sets Sights on Seafaring Innovation

The Ministry of Transport & Logistics has launched the first-ever Africa Maritime Conference, marking a bold move to position landlocked Ethiopia as a continental hub for seafaring innovation at a time of global talent shortages. At a pre-conference briefing, Frans Joubert, CEO of YCF Manning Ltd, underscored Africa's untapped potential in the maritime sector. Of the 1.9 million seafarers worldwide, only four percent are African—despite the continent hosting around 150 maritime academie...

Ethio telecom Launches Znexus to Bridge Africa's Digital Divide

Ethio telecom has unveiled its own smart device brand, Znexus, marking a strategic step into the African smart device market. The launch, held last week at the Sheraton Addis Hotel, introduced a full suite of products, including smartphones, tablets, laptops, PCs, thin clients, and cloud workspace solutions. Chief Executive Officer Frehiwot Tamiru said the brand responds to Africa's lingering digital gap. While telecom infrastructure has expanded across Sub-Saharan Africa, millions remain...

NBE Drafts Rule to Tighten Bank Ownership Transfers

The National Bank of Ethiopia (NBE) has issued a draft directive to tighten oversight of the banking sector by restricting large ownership transfers and enhancing regulatory scrutiny. Titled the “Transfer of Significant Ownership in a Bank Directive,” the proposal seeks to align to the supervision framework with international standards while ensuring the suitability and financial soundness of new shareholders. The directive requires prior NBE approval for any transfer involving a stake...