Upcoming EventsOct24TueOct25Wedall-day African Real Estate & Infrastruc... @ Sandton Convention CentreAfrican Real Estate & Infrastruc... @ Sandton Convention CentreOct 25 – Oct 26 all-dayThe African Real Estate & Infrastructure Summit is a high-level conference focussing on urban development, mobility & technology, finance and investment and housing on the African continent. read moreNov3Fri9:00 am Finnovation Africa: Ethiopia 2017 @ Radisson Blu Addis AbabaFinnovation Africa: Ethiopia 2017 @ Radisson Blu Addis AbabaNov 3 @ 9:00 am – 5:00 pmFinnovation Africa: Ethiopia 2017 will be held at the Radisson Blu Addis Ababa on the 3rd of November 2017 and will tackle the most pressing questions for the progress of FinTech and the positive and proﬁtable transformation of banking in … Continue reading →
Category Archives: Ethiopia News
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
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.
“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).
Real gross domestic product (GDP) is estimated to have increased by 9 percent in 2016/17
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.
New Africa Risk-Reward Index provides investors with a synthesis of risks and opportunities across the African continent
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.
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.
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.
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.
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.
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
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.