EU Grants €1.2m to Ease of Doing Business Programme

Dec 5 , 2020

The Ministry of Innovation & Technology and the European Commission signed an agreement early last week for a grant of 1.2 million euros to be put toward the Ease of Doing Business Programme as part of the government's continued efforts at digital reform. The Programme mainly focuses on supporting government institutions in the developing of online transactional portals. The grant will be used to incorporate Bahir Dar and Dire Dawa cities into the national business portal. "We aim to contribute to the creation of a conducive business environment and investment climate in Ethiopia," said Sanne Willems, team leader for economy and infrastructure, on behalf of the Commission. The Ease of Doing Business Programme was launched in late 2018 and involves eight institutions working under the Office of the Prime Minister.


ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...