FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo


KEFITA TO 1B BR

Jian Yan Han (left), general manager of HuaHong Construction, Dietrich E. Rogge, CEO and founder of the German company Rockstone, and Lelise Neme, head of the Ethiopian Investment Commission

KEFITA TO 1B BR

Jian Yan Han (left), general manager of HuaHong Construction, Dietrich E. Rogge, CEO and founder of the German company Rockstone, and Lelise Neme, head of the Ethiopian Investment Commission, stand ready for a photo op on the occasion of the awarding of a billion Birr construction agreement on January 21, 2021. The agreement was signed between Rockstone and HuaHong, a Chinese firm, to build an environmently-friendly, 21-story apartment building in the Signal district of Addis Abeba. Called Kefita, it is a rare European real estate investment venture in Ethiopia set for completion in 2023.

Radar

Digital Heights for Coop Bank, Profits Dip

The Cooperative Bank of Oromia (CBO) announced that a total transaction volume of 1.36 trillion Br was made through 489.5 million transactions on its digital platform, Coopay E-Birr. Fuel payment transactions alone reached 1.15 billion Br across 105,500 transactions. The platform added 8,959 agents, 32,840 merchants, and 3.85 million new subscribers in the year. However, at 2.51 billion Br, the Bank's gross profit before tax declined by 26pc from last year's 3.39 billion Br. Board Chai...

Read more >>

Radar

AI-Powered, Sharia-compliant Digital Financing for MSMEs, Consumers Debuts

ZamZam Bank, in partnership with Kifiya Financial Technology, has launched a Sharia-compliant digital financing service, "Ansar Digital Financing". The service, which the Bank asserts is Ethiopia's first, aims to transform access to financial services for micro, small, and medium enterprises (MSMEs), particularly women and informal sector workers. The announcement was made during a formal launch event held at the Haile Grand Hotel last week. Melika Bedri, president of ZamZam Bank, stated that...

Read more >>

Radar

Local, International Firms Cooperate to Bridge Skill Mismatch

In a bid to address the pervasive skill mismatch, Geez Education & Training Plc (GET) has allied with International financial and management institutions to bridge the gap. Three international institutions, the Global Academy of Finance & Management (GAFM), the American Academy of Project Management (AAPM), and California State University, Dominguez Hills (CSUDH), have entered into a cooperation with GET at an event held last week at Skylight Hotel. Officials believe the move will con...

Read more >>