Category Archives: Ethiopia News
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
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.
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 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.