Qilinto Industrial Park Gets 10 Pharma Firms

Radar

Newly-opened Trade Sectors Attract 21 Investment Applications

The Ethiopian Investment Commission has received 21 applications for investment licenses from foreign investors looking to tap into newly opened retail and export sectors. The Ethiopian Investment Board recently issued a directive opening nearly all trade sectors to foreign investors. Since its implementation in July, 13 licenses for import and eight for export, primarily coffee, have been applied for. Mesfin Tafesse & Associates (MTA) LLP, a 17-year-old firm, hosted the ‘Ready Business...

Former Ethio telecom CEO Joins Safaricom

Safaricom Ethiopia has announced the appointment of Andualem Admassie (PhD) as its new Chief External Affairs Officer. Having previously served as the CEO of Ethio Telecom, Andualem would bring a wealth of experience in telecommunications and technology, where he played a key role in transforming the organization and expanding its services. Prior to joining Safaricom, Andualem co-founded and led a telecom company in South Sudan and has also held significant positions such as Director General...

Ride-Hailing Service Collaborates to Enhance Digital Payments, Healthcare

Yango, the international ride-hailing service, has entered two partnerships aimed at improving both digital payments and healthcare access for its commuters and partner drivers in Ethiopia. In collaboration with Awash Bank, one of the country's leading financial institutions, Yango will promote digital payment adoption. As part of the initiative, Awash Bank employees and customers will receive a 15pc discount on their first three Yango rides. Additionally, Yango has signed a memorandum of...

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