Category Archives: Ethiopia News

Ethiopia News

Marriott International continues extensive expansion in Africa

TARGETS OVER 200 HOTELS WITH MORE THAN 37,000 ROOMS BY 2022 EXPECTING TO GENERATE $8.5 BILLION OF CAPITAL INVESTMENT AND 50,000 DIRECT AND INDIRECT JOBS read more

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STR: Africa’s hotel supply projected to grow 11%

Ahead of the Africa Hotel Investment Forum (AHIF)STR highlights Africa’s key hotel development and performance trends. read more

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Ethiopian companies to benefit from European Investment Bank backing for USD 100m private equity

The European Investment Bank (EIB) will support private equity investment across Ethiopia though support for the new USD 100m Cepheus Growth Capital Fund. The EIB’s USD 10 million participation represents the first backing for an Ethiopia focused fund and one of the first engagements with a single country private equity fund in Africa by Europe’s long-term lending institution. read more

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Made in Central Africa: From a Vicious to a Virtuous Circle (Video)

“Made in Central Africa : From a Vicious to a Virtuous Circle” is a video procuced by APO Group (Apo-opa.com) for the : United Nations Economic Commission for Africa (ECA). read more

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IMF Staff Completes 2017 Article IV Visit to the Federal Republic of Ethiopia

Real gross domestic product (GDP) is estimated to have increased by 9 percent in 2016/17 read more

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Bright Prospects for Ethiopia and Ghana in Hotel Markets Outlook: 2017-2021

Hotel Markets Outlook: 2017-2021

Political instability might have impacted the hospitality and tourism sector in Ethiopia but the diplomatic country of Africa stands resilient to the challenges set before her. Ghana’s Accra, being listed as one of the most expensive cities in Africa, is attracting more visitors than anticipated. Real estate development is booming while the city flourish as a vacation and business hub for many travelers. The 7th edition of the PwC Hotels Outlook: 2017 – 2021 report establish Ethiopia and Ghana as countries with a brighter outlook in the hotel industry – both countries are increasingly growing in the number of international hotel brands. read more

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Africa’s economic giants face increasing competition from upcoming Kenya and Ethiopia

New Africa Risk-Reward Index provides investors with a synthesis of risks and opportunities across the African continent read more

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Opportunities abound for foreign investment in Africa’s hospitality sector

Pietro Calicchio, Hospitality & Gaming Industry leader for PwC Southern Africa

Pietro Calicchio, Hospitality & Gaming Industry leader for PwC Southern Africa (www.PwC.co.za) says: “The growth potential of Africa is high mainly because of the rapid economic growth in some economies, a growing middle class and an increase in visits from foreign visitors. read more

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FinTech is Accelerating the Digital Transformation of Banking in Africa

Due to their potent blend of trail‐blazing technology and disruptive innovation, FinTech players have the ability to accelerate the digital transformation of financial services in Africa and, in turn, further spur incumbent banks to rapidly ramp‐up their own innovation initiatives to meet the financial needs of under‐served markets across the continent. read more

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Entrepreneurship solving Africa’s high unemployment rate problem

The increasing rate of unemployment represents both extensive unhappiness for individuals and lost economic opportunity for people and for the country over all. On the other hand unemployment on the youth has been shown to have long term effects on income and employment stability because most youths start out with weaker early career credentials and lower confidence and flexibility in dealing with employment opportunities and setbacks over the course of their working lives. read more

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Africa’s hospitality sector withstands economic headwinds

Pietro Calicchio, Hospitality & Gaming Industry Leader for PwC Southern Africa

South Africa’s hospitality sector is poised for further growth in the next five years bolstered by inbound travelers amid a difficult and volatile economic climate. read more

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Hotel development in Africa keeps on growing – despite challenges

Hotel development activity in Africa is still rising in the face of the continent’s economic problems, showing a 13 percent increase in 2017, according to the annual survey by W Hospitality Group, generally acknowledged as the most authoritative source on the sector’s growth. read more

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FinTech and the Positive Transformation of Banking in Africa

The impact of Blockchain, Open Banking, Mobile Money and Payments innovation are radically transforming the financial services landscape as FinTech disruptors intensify the challenge to Incumbent Banks in Africa and kickstart new opportunities read more

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Striking element of development and investment

Development initiatives coupled with investment promotion ideas are the focus for every country development plans particularly to those developing countries such as Ethiopia. In most developing countries new investment policy ideas are emerging pursuing a broader and more organized pro investment policies and environment. read more

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