Category Archives: Ethiopia News
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.
ATI supported USD4 billion worth of trade and investments in 2016 – African countries urged to seek support from the insurer
The African Trade Insurance Agency (ATI) (www.ATI-ACA.org), held its 17th Annual General Meeting today. The sustained commodity price decline and current geopolitical uncertainties took centre stage. Meeting participants urged African governments to intently focus on growing intra-African trade and diversifying their economies away from commodity reliance in order to reduce vulnerability to external shocks. With sub-Saharan Africa’s GDP growth rates expected to hit a record low of 1.5% depressed commodity rates are seen to be one of the major drivers with export producers accounting for two-thirds of the region’s growth.
Globally, education is famed as a vital basis for economic growth. Ethiopia, a country praised for robust economic growth to take itself out of poverty to become middle income status country, is also striving to invest on quality education. At all levels quality education results a more efficient skilled and productive working force which in turn brings up overall economic development enhancing living standards of people.
The second most populous country in Africa; Ethiopia has one of the great pressures to create jobs for its skilled and unskilled job seekers. The country has been actively engaged in the growth of employment as part of its initiative to poverty reduction. While, the International Labour Organization (ILO) supports the country through the promotion of decent employment and enhancement of labour market governance for sustainable growth.
The capital city of Ethiopia, Addis Ababa, has recently hosted the 59th Meeting of the UNWTO Commission for Africa. Held between 18-21 April, the Commission included a High-level Meeting on Chinese Outbound Tourism to Africa, where regional representatives debated the potential that the sector brings to the continent.
The tourism industry in Ethiopia although it has transformed tremendously with massive infrastructure development and new investments for the past few weeks, it still at its infant stage with so much to improve and develop to host its long awaited 2.5 million foreign visitors.
Dr. Fikrejesus Amahazion
This week represents 15 years since the Eritrea Ethiopia Boundary Commission (EEBC) made its ruling to solve the border conflict between the neighbouring countries. However, its decisions, presented on 13 April 2002, remain unimplemented, constituting a flagrant violation of fundamental international law, calling into question the moral authority of several international organizations, serving as a serious impediment to peace and development in the Horn of Africa, and leading to the destabilization of the region through contributing to unnecessary rivalry, tension, conflict, and insecurity.
Ethiopia has made a history, shifting the gear of its economy to industry and tourism; the two sectors are untapped. The country’s huge potential for tourism comes from its ancient historical remains, culture, and stunning natural sights which continue to attract big investments from the world’s acclaimed brands. Ethiopia had the milestone on the tourism sector, signing a major deal with AccorHotels group to open over 500 rooms in Addis Ababa; the biggest diplomatic base of the continent.
Jumia Travel has released its annual tourism industry report exploring the factors that make up the Ethiopian tourism industry. The report portrays key trends of the country’s successes and failures as well as its untapped opportunities in the industry. Although the Ethiopian tourism sector has been bolstering over the years, recent safety and security concerns have been a major setback to the country’s growing leisure and conference tourism industry. However, the sector remains resilient as the country continues working towards prioritizing security to ensure the safety of visitors and citizens, as well as to minimize the impact of security threats.