Author: Hanna Tesfaye

Hanna is an aspiring economist in her final year at Addis Ababa University. She has written hundreds of insightful daily stories, analyses, and features about the Ethiopian economy and beyond.

Addis Ababa, Ethiopia (28 October 2022) At its 27th ordinary and 24th extraordinary general meeting of shareholders, Dashen Bank revealed and reviewed its key financial and social performances during the just-ended Ethiopian fiscal year (2021/22). The period under consideration is considered fraught with national and international conflicts, supply chain disruptions, and a subsequent escalation of...

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Addis Ababa, Ethiopia (29 October 2022) Over a year after its first draft was produced, Nigeria has finally enacted and published a ‘Startup Bill’, becoming the sixth African country on record to do so—after Tunisia, Senegal, Kenya, Egypt, and South Africa. Tech startups in Nigeria face numerous regulatory challenges, as well as a lack of...

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Addis Ababa, Ethiopia (29 October 2022) Made effective as of October 18, 2022, the United Arab Emirates will not be posting 30 days visa applications for 20 African nationalities. The notice sent out to trade partners, including travel agents indicates that all requests from these countries should be rejected. These include Uganda, Ghana, Sierra Leone, Sudan, Cameroon, Nigeria, Liberia, Burundi, Republic of Guinea, Gambia, Togo, Democratic Republic of Congo, Senegal, Benin, Ivory Coast, Congo, Rwanda, Burkina Faso, Guinea Bissau, Comoros, and the Dominican Republic. Although an explicit reason was reportedly not given, some experts opine that the move was aimed…

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Addis Ababa Science and Technology University (AASTU) is collaborating with South Korea’s Ulsan National Institute of Science and Technology to establish Ethiopia’s first graduate degree program in nuclear engineering. In line with AASTU’s vision to be an internationally recognized Ethiopian Hub of science and technology with strong national commitment and significant continental impact by 2030, the institution signed a memorandum of understanding (MOU) with UNIST for the provision of education and training regarding the peaceful uses of nuclear energy. According to EurekAlert, the two parties will foster mutual collaboration in the following areas.: Research and development in the fields of nuclear…

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Following the boost in wheat production happening in the country, the Ethiopian Commodity Exchange (ECX) has officially announced it will restart wheat trading on its floor this year. Established in 2008 trading corn and wheat on its platform, ECX dropped the latter from its stock a few months into starting its operation due to insufficient...

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Soufflet Malt Ethiopia, a branch of the French company Malteries Soufflet, has announced that it has created the capacity to fully cover the beer barley demand in Ethiopia with domestic production. At the time of its inauguration in May 2022, the factory was getting only 75% of the beer barley it needed from the country. As Ethiopia is considered one of the largest producers of barley in the continent, Soufflet established its first, and currently only, outlet in Africa here for a whopping 60 million euros. Jean-Benoit Vivet, general manager of the firm, mentioned that the factory has carried out…

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Ethiopia has earned a whopping $426.15 million from coffee exports in the first three months of 2022–23 FY, a 30% rise over the same months last year. Among the export destination, the lion’s share (21%) went to Germany, which purchased 14,934.75 tons of coffee for $72.05 million. Saudi Arabia (over 11%) and Belgium (11%), having purchased 8,991.94 tons and 6,981 tons took the second and third position, respectively. The rest in the top 10 include: USAUAESouth KoreaChinaJapanItalyFrance Countries in the top ten procured 82% of Ethiopia’s three-month coffee export volume and contributed to 82% of total revenue.

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Science museums are those devoted primarily to showcasing the discoveries and wonders of science. Older ones tended to concentrate on static displays of objects related to natural history, paleontology, geology, industrial machinery, and so on, while modern trends have broadened the range of subject matter and feature various sorts of technology. In keeping up with...

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At a ceremony held, the governments of the Federal Democratic Republic of Ethiopia and the French Republic signed a financing agreement worth 5 million euros (approximately 260 million ETB) for the implementation of the “Lalibela Protection, Restoration, and Development Project.” Accordingly, France will provide support for the conservation of the Lalibela churches, which were designated as World Heritage of Humanity by UNESCO, as well as a subsequent joint declaration stating that “Both States will continue their cooperation regarding conservation and valorization of heritage, museums and archives, and scholarly and vocation. The site of Lalibela, in northeastern Ethiopia, has been listed…

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Addis Alemayehou’s holding company, Kazana Group, has invited Ethiopian startups to pitch their ideas to international investors visiting Ethiopia soon. The competing startups, according to Kazana’s LinkedIn post, must be expandable, influential, and, most importantly, tech-oriented. The application, with a deadline set on October 31st, 2022, is made even more competitive by the single slot available. Interested applicants may send their pitch deck to info@kazanagroup.com.

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