Local, Global Law Firms Team Up for Strong Presence

Jul 13 , 2020


Webber Wentzel, a century and a half year old global law firm, has signed a bilateral agreement with local law firm Tadesse Kiros Law Office. The agreement enables the two firms to work jointly in Ethiopia. The agreement also puts in place best practice sharing and thought leadership, as well as creating opportunities for joint training and secondments. Webber Wentzel is attracted by Ethiopia following the recently relaxed business climate in the country, including the privatisation process, according to Robert Appelbaum, Webber Wentzel Ethiopia country partner. "We're seeing many more international and South African clients interested in investing in Ethiopia,” he said.


Radar

Nib Bank, Mastercard Avail Pre-Paid International Card

Nib bank has joined forces with the US-based technology giant Mastercard to unveil a virtual pre-paid payment card. Dubbed "Nib Mastercard," the digital offering responds to the growing demand for flexible payment solutions. The plastic card supports transactions through contactless ATMs, Point-of-Sale (POS) systems and online shopping platforms. Executives express optimism that the partnership will not only meet the rising demand for flexible payments but also ensure secure, round-the-clock pa...


Radar

Land-Based Network to Bypass Red Sea Risks

Ethio telecom, Djibouti Telecom, and Sudatel Telecom have joined forces to launch the Horizon Fiber Initiative, a groundbreaking project that aims to establish a terrestrial fiber-optic network connecting Djibouti, Ethiopia and Sudan. This ambitious initiative seeks to provide a more reliable alternative to the submarine cables in the Red Sea, which have been plagued by frequent disruptions caused by conflicts, natural disasters, sabotage and general degradation. The damage has resulted in prolo...


Radar

Emerging Fintech Captures Turnaround Profit

SantimPay Financial Solution announced a net profit of 57.3 million Br in its second year of operation, a significant turnaround from a loss of 7.1 million Br the year prior. The digital payment system company, which held its second annual general assembly at Sheraton Addis, also reported a revenue of 152 million Br. Tensaye Desalegn, CEO, pointed to the company's strong financial position, stating “our balance sheet has strengthened significantly, with total assets of 240 million Br and debt...


Back
WhatsApp
Telegram
Email