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.


DDR Initiative Gets 16m Boost

A 16 million euro initiative to facilitate the disarmament, demobilisation, and reintegration (DDR) of nearly 370,000 ex-combatants was launched last week. Financed by the European Union (EU) the program will be implemented across eight regional states. It is overseen by the National Rehabilitation Commission (NRC), the agreement was signed at the Ministry of Finance's headquarters on King George St. Key figures including Semereta Sewasew, state minister for Finance; Teshome Toga, commissioner...


Central Bank Launches Youth Enterprise Forum

A financial education program targeting youth and Medium & Small Enterprises (MSMEs) was launched by the National Bank of Ethiopia (NBE) last week. It aims to equip interested trainees with personal and professional knowledge through experts from banks and microfinance institutions who will provide comprehensive training. The training modules, developed in collaboration with The First Consult and BRIDGE, cover several angles of financial literacy, including deposits, digital financial servic...


ArifPay Takes a Leap with Massive Capital Boost

Shareholders of ArifPay Financial Technologies S.C. have taken a significant stride by resolving to raise the company's paid-up capital to 300 million Br. The decision doubles down from the current 140 million Br marking a substantial increase. ArifPay, was established by 142 shareholders and secured the distinction of being the first payment operator licensed by the National Bank in 2021. CEO Bernard Laurendeau emphasised the critical timing of this capital increase, aligning with the company...