Only 3.2% of Ethiopian Grade 12 Students Pass the National Leaving Exam

Only 3.2% of Ethiopian Grade 12 Students Pass the National Leaving Exam Only 3.2% of Ethiopian Grade 12 Students Pass National Leaving Exam ADDIS ABABA, Ethiopia – Only 3.2% of the students who took the 2015 Grade 12 National Leaving Examination scored more than 50%, according to the Ministry of Education. Out of 356,878 students who sat for the natural science exam, 22,974 students scored more than 50%. Out of 488,221 students who were tested in social science, 8,250 students scored more than 50%. This means that only 27,267 students scored more than 50% on the exam, or 3.2% of the total number of examinees. The highest result recorded in natural science was 649 in Addis Ababa city. In social science, 533 were registered in Debre Markos city. The minister also explained that 480 students passed the exam out of 169,000 private school examinees. This year’s pass rate is slightly higher than last year’s, when only 2.8% of students passed the exam. However, it is still significantly lower than the pass rates in previous years. The ministry has not yet released a full analysis of the results, but it is expected that the low pass rate is due to a number of factors, including poor quality of education, lack of resources, and high dropout rates. The government has pledged to improve the quality of education in Ethiopia, but it is clear that there is still a long way to go. Tags berhanu nega grade 12 ethiopia result

Enkopa Summit: Transforming Ethiopia through Entrepreneurship, Innovation, and Tech

Enkopa Summit: Transforming Ethiopia through Entrepreneurship, Innovation, and Tech Addis Ababa, Ethiopia – September 28, 2023 – In just two weeks, on October 12, the Enkopa Summit will inaugurate its unprecedented industry and thought leadership-oriented event in Addis Ababa. This highly anticipated summit is centered around the crucial themes of entrepreneurship and innovation, with a mission to redefine Ethiopia’s economic growth and it is open to all interested participants, regardless of their location or background. Pioneered by Laurendeau & Associates and organized by Flawless Events, the annual Enkopa Summit is scheduled to take place on October 12th and 13th at the prestigious Science Museum in Addis Ababa, Ethiopia. Against the backdrop of the newly inaugurated Science Museum, attendees can expect a dynamic program featuring insightful panel discussions, policy debates, visionary keynotes, enterprise use-case presentations, corporate best practices, product and program showcases, and exclusive investor dialogues. Enkopa Summit provides an invaluable platform for exploring the potential impact of cutting-edge solutions on Ethiopia’s business and technology landscape. Recognizing the urgent need for transformative action, Enkopa Summit aspires to propel Ethiopia into a new era of prosperity in line with its growing population, the aspirations of its youth, and the demands of external economic pressures. Strategically positioned at the crossroads of Sub-Saharan Africa, Ethiopia boasts strong diplomatic ties and logistical advantages, yet its potential has yet to be fully harnessed. By bringing together local and regional decision-makers, policymakers, experts, innovators, academia, investors, and corporate leaders, Enkopa Summit aims to facilitate purpose-driven conversations that will shape Ethiopia’s economic transformation. The event serves as a dynamic platform for collaboration and the exchange of ideas, with a special emphasis on the transformative power of entrepreneurship, innovation, and technology. “Entrepreneurship, innovation, and technology are not mere trends—they have the potential to revolutionize nations,” asserted Bernard Laurendeau, the managing partner of Laurendeau & Associates. “Throughout history, entrepreneurs have played a pivotal role in driving economic growth and job creation worldwide. It is imperative for Ethiopia to nurture its own ecosystem of dreamers, thinkers, innovators, and doers,” he emphasized. As Ethiopia’s largest all-inclusive industry event dedicated to entrepreneurship, innovation, and technology, Enkopa Summit covers a wide range of topics while creating valuable networking opportunities. By encouraging connections and collaborations, the summit aims to catalyze the creation and acceleration of ventures that will reshape not only Ethiopia but the entire African continent. With an impressive lineup of participants, speakers, and exhibitors representing diverse decision-makers, experienced professionals, and visionaries, Enkopa Summit stands as a testament to Ethiopia’s dedication to driving meaningful change. “We are fully committed to delivering a high-quality summit that rivals major international events,” declared Yoadan Tilahun, the founder of Flawless Events. “Enkopa Summit eliminates additional expenses like travel, accommodation, and visas, offering attendees a world-class experience right here in Addis Ababa, making it accessible to the local community,” she added. Targeting a 40% participation rate from international attendees, Enkopa Summit aims to not only transform Ethiopia but also contribute to the growth of Addis Ababa. The economic impact of the summit is expected to further fortify the city’s reputation as a global destination for major events. ### About Enkopa Summit: Enkopa Summit is an annual industry event designed to constantly inject innovation, tech, and collaboration in entrepreneurship within Ethiopia and the East-Africa region. It brings together a diverse group of decision-makers and stakeholders, including industry leaders, entrepreneurs, founders, technology innovators, startups, high-level government representatives, and investors. Enkopa Summit is pioneered by Laurendeau and Associates, and organized by Flawless Events, under the authority of the Ethiopian Ministry of Labor and Skills. For more details, please visit [https://www.enkopasummit.com/] About Laurendeau and Associates: Laurendeau & Associates is a Management Consultancy whose purpose is to advance the power of digital to create lasting socio-economic impact in emerging economies. L&A provides strategic advisory to decision-makers in the private sector as well as for governmental and international development institutions.[www.laurendeau&associates.com]. About Flawless Events: Flawless Events is an international event & destination management agency that specializes in end-to-end design and production of international conferences, special corporate events and brand activations. Our office is based in Addis Ababa, Ethiopia while our clients span an expansive spectrum of industries and countries. For more information, please visit [www.flawlessevent.com]. For media inquiries, please contact our PR partner 251 Communications via[email protected] +251-919-15-22-97

The Ethiopian Capital Market: a new chapter to be seen

The Ethiopian Capital Market: a new chapter to be seen By- Beakal Anlye With a rapidly expanding economy and a favorable investment climate, Ethiopia has been working towards establishing a robust capital market to attract domestic and foreign investments. In this article, we will explore the current state of the Ethiopian capital market, its regulatory framework, key players, and the potential it holds for both local and international investors. The Evolution of the Ethiopian Capital Market The capital market in Ethiopia was established at the beginning of the Imperial era, although it was disrupted by the military regime. After much effort to establish the capital market since the early 1990s, the current government has shown a strong interest in developing the capital market and looking forward to promoting economic growth. An early step in the establishment of a capital market in Ethiopia came in the form of the Ethiopian Commodity Exchange (ECX) in 2008, which provided a platform for trading agricultural commodities. Since then, the country has taken significant steps to develop a broader capital market ecosystem. In 2014, the Ethiopian Securities and Exchange Board was established to oversee the regulation and supervision of the capital market. The board has been instrumental in creating a conducive environment for market participants and ensuring investor protection. In 2021 Ethiopia approved a Capital Markets Establishment Proclamation to provide the legal foundation for the development of capital markets in the country. In February of this year, The Ethiopian Capital Market Authority announced that it is undertaking the necessary preparations to issue licenses to capital market service providers over the coming six months. “Ethiopia’s new ESX, or the stock market, is set to become a reality in 2024-25. In the last five years, there have been continuous efforts by the Ethiopian finance ministry in association with African market specialists to pave the way for its stock market.” The Ethiopian Capital Market Authority’s official website The Ethiopian Capital Market in a Nutshell The Ethiopian capital market primarily consists of the stock exchange and the bond market. The Ethiopian Securities Exchange (ESSE) is the main stock exchange, where publicly traded companies list their shares. As of the knowledge cutoff in September 2021, there were 20 listed companies on the ESSE, representing various sectors such as banking, manufacturing, and telecommunications. The bond market, on the other hand, provides a platform for issuing and trading government bonds, corporate bonds, and other debt instruments. The Development Bank of Ethiopia and the Commercial Bank of Ethiopia are among the key issuers of bonds in the market. Regulatory Framework and Investor Protection The Ethiopian Securities and Exchange Board has implemented a comprehensive regulatory framework to ensure transparency, accountability, and investor protection. The Capital Market Proclamation and various directives guide market operations and govern the conduct of market participants. To enhance investor confidence, the Ethiopian capital market has implemented measures such as mandatory disclosure requirements, stringent corporate governance standards, and the establishment of an Investor Protection Fund. These initiatives aim to safeguard investors’ interests and foster a fair and efficient market environment. Investment Opportunities and Challenges The Ethiopian capital market presents numerous investment opportunities for both domestic and foreign investors. The country’s strong economic growth, vast natural resources, and a young and dynamic population make it an attractive destination for investment. For local investors, the capital market provides an avenue to participate in the growth of listed companies and diversify their investment portfolios. It also offers an alternative source of financing for businesses through equity and debt instruments. Foreign investors, too, have shown increasing interest in the Ethiopian capital market. The government has implemented policies to facilitate foreign investment, including allowing foreign investors to participate in the stock exchange and easing restrictions on repatriation of profits. However, there are still challenges that need to be addressed to unlock the full potential of the Ethiopian capital market. These challenges include limited liquidity, a small number of listed companies, and the need for further market infrastructure development. Efforts are underway to address these issues, including the planned demutualization of the Ethiopian Securities Exchange to enhance its efficiency and attract more listings. Conclusion The Ethiopian capital market is steadily evolving and will play a significant role in the country’s economic development. With a supportive regulatory framework, improving market infrastructure, and growing investor interest, the capital market holds immense potential for both local and international investors. As Ethiopia continues to implement reforms to enhance market efficiency and attract more participants, the capital market is expected to play an increasingly vital role in mobilizing capital, promoting investment, and driving economic growth in the country.

EIB PROVIDES €1 MILLION FOR TECHNICAL ASSISTANCE TO ETHIOPIA’S PRIMARY HEALTHCARE SYSTEM

EIB PROVIDES €1 MILLION FOR TECHNICAL ASSISTANCE TO ETHIOPIA’S PRIMARY HEALTHCARE SYSTEM Addis Ababa, 18th September 2023 The technical assistance will support the EIB’s plan to make at least €500 million available for health systems in Sub-Saharan African countries. To date, the Bank has invested over €490M (approximately BIRR 30 billion) in Ethiopia focusing in particular on the financial sector, energy, agriculture, health, and water infrastructure as well as private sector investment. The European Investment Bank (EIB) has provided the World Health Organization (WHO) with €1 million (approximately BIRR 61 million) for a technical assistance operation that will strengthen the primary healthcare system in Ethiopia. The Ethiopian government plans to accelerate progress toward universal health coverage and to build resilience of its health system through a strong primary healthcare base by 2024. The technical assistance will be implemented by the World Health Organisation in partnership with the EIB. This will allow the UN health body to leverage local, regional, and international expertise and resources for improving primary health care in the country.  It will also potentially support the implementation of the Growth and Transformation Plan II of the Government of Ethiopia, which identifies” Envisioning Ethiopia’s Path towards Universal Health Coverage through Strengthening Primary Health Care by 2035” as one of the key priorities. The technical assistance provided by the EIB also paves the way for further action by the bank and other institutions to support the health system of Ethiopia. Earlier this year, President of the European Investment Bank Werner Hoyer, joined Tedros Adhanom Ghebreyesus, Director General of WHO alongside the European Commission and fellow heads of multilateral development banks to launch a new health impact platform to improve health system resilience with a focus on primary healthcare in Sub-Saharan African countries. It comes after a pledge  from the EIB where President Hoyer said: “The European Investment Bank will make available at least €500 million to support health systems strengthening and more specifically primary health care in Sub-Saharan African countries. This aims to mobilize a total of at least €1 billion of investments, structured through a tri-alliance with the European Commission and WHO, to support the continent’s healthcare.” This latest support from the EIB is in line with the European Union’s Global Gateway strategy that seeks to strengthen healthcare capacities globally with focus on facilitating investment in health infrastructure and improving the regulatory framework for more effective, local production of medicines as well as application of better technologies. Leyla Traoré, the Head of the EIB Representative Office in Ethiopia said that access to quality healthcare is very important to a fast-growing economy like Ethiopia’s because it reduces the disease burden and improves health outcomes. This in turn leads to increased productivity and economic growth of the nation. “As the EIB, we are committed to supporting Ethiopia to build and strengthen its resilience in its healthcare industry. Working with WHO and the Federal Government of Ethiopia, we shall use effective financing tools to invest in the areas which they shall identify to benefit from a profound and positive impact,” she added. Speaking on the EIB-WHO partnership, the Acting Representative of WHO Ethiopia Country Office, Dr. Nonhlanhla Dlamini, emphasized the urgent need to strengthen the primary healthcare units as first responders for emergency and critical care services and establish referral linkages with other parts of the country’s tiered health system. “WHO is proud to partner with EIB and Team Europe on this important initiative which will help ensure that all Ethiopians have access to quality health care, regardless of their location or income,” she added. “The partnership with EIB aims at boosting priority investments in education and employment of health personnel – human capital, infrastructure, water, hygiene, and sanitation and thus effectively leverage WHO’s presence in the country, its technical capabilities, and its advisory role in guiding investments of the EIB in the health sector,” Dr. Faraz Khalid, a research officer with the Strengthening of Primary Health Care programme at WHO and the leader of the mission said. Anchored on the Health Extension Program – a flagship community-based primary health care delivery platform introduced in 2003, Ethiopia’s primary health care units comprise 17,550 health posts and 3,735 health centres nationwide. By efficiently using these, the second Health Sector Transformation Plan of Ethiopia 2020/2021-2024/25 aims to advance towards universal health coverage. The primary health care unit is the smallest division in the Ethiopian health tier system and is the unit most accessible to the general population and communities within the health system. It provides essential healthcare services, including preventive, curative, and rehabilitative services. “By serving as the cornerstone of primary healthcare provision, these units have helped millions of people in Ethiopia, especially those in rural communities, achieve equitable access to healthcare,” said Dr. Lia Tadesse, the country’s minister for health. The EIB Technical Assistance operation will contribute towards achieving the UN Sustainable Development Goal (SDG) 3 of healthy lives and well-being; SDG 10 of reducing inequality; SDG 17 of sustainable development, and to the pillar of the agenda 2030: “Leave No One Behind” ensuring that the population in the country benefits from a resilient health system, including vaccines, diagnostics and therapeutics. The European Investment Bank has been active in Ethiopia since 1984 covering both public and private sectors. Over the years, the Bank has signed 31 operations for an aggregate amount of €490M (approximately BIRR 30 billion) focusing in particular on the financial sector, energy, agriculture and water infrastructure as well as private sector investment. The Bank is represented in Ethiopia through its office in Addis Ababa. Ends//… About the EIB: The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. EIB Global is the EIB Group’s new specialised arm dedicated to increasing the impact of international partnerships and development finance outside of the EU.  EIB Global is designed to foster strong, focused partnership within Team Europe, and as part of the EU’s Global Gateway strategy alongside fellow development finance institutions, and civil society. EIB Global brings the Group closer to local people, companies and institutions through our offices across the world. About WHO: Dedicated to the well-being of all people and guided by science, the World Health Organization leads and champions global efforts to give everyone, everywhere an equal chance at a safe and healthy life. It is the UN agency for health that connects nations, partners and people on the front lines in 150+ locations – leading the world’s response to health emergencies, preventing disease, addressing the root causes of health issues and expanding access to medicines and health care. Its mission is to promote health, keep the world safe and serve the vulnerable. Press contacts: Harriet Ongaki, [email protected] ,  Mobile: +254114106871 / +254729467795 Website: www.eib.org/press – Press Office: +352 4379 21000 – [email protected]

The Overdue Ethiopia’s Start-up Act: The Need to Change Subject

The Overdue Ethiopia’s Start-up Act: The Need to Change Subject By Tsegamlak Solomon | Sep 09, 2023 Start-up Ethiopia It was five years ago. I remember sitting in the meeting room of the former Jobs Creation Commission: a team of a little more than 10 people and we were gathered to discuss how to build a vibrant start-up ecosystem in Ethiopia with a focus on the Start-up and Innovative Business Proclamation. The room was full of energy; everyone in the room looked excited and the future looked bright. Everyone was trying to stretch the act in their favour, which cumulatively represented the overall interest of the private sector. The result of that is the first draft of the Start-up and Innovative Business Proclamation. Fast forward 5 years, and the enactment of the Start-up Proclamation is still a hot issue whenever delegates from the private sector and the government meet, which is very sad. Different legislations have been presented to the parliament since then and were enacted, but the Start-up Proclamation, which has drawn much attention at the start, is yet to see the light of day. By way of comparison, Nigeria started discussions on the need to have a start-up act back in June 2021 and it was signed into law in October 2022. This was made possible because of the Nigerian Government’s unwavering support to building a favourable startup ecosystem. We are in our fifth year, and it is still counting. Most importantly, we were made to believe that the Start-up Proclamation is the answer to every start-up’s question, whereas that is not the case. It was supposed to be the start—the start to everything that should follow. It was supposed to be the foundation for what comes next: a vibrant start-up ecosystem. For the past five years, whenever the issue of start-ups has been raised, the enactment of the Start-up Proclamation has been presented as the hottest topic for discussion, whereas little or no effort has been made to push the act to the finish line. Rather than the betterment of the ecosystem, who should manage the Innovation Fund and who should own the overall project has been the central element of the discussions and the real reason for the delay in enactment. We are hearing there are some positive developments in this regard, and we might see the act finally coming into effect in the near future. However, there are still a lot of things that need to change on the ground. First and foremost, the objective needs to be discussed with civil servants at the grassroots level, who handle the day-to-day activities and meet with entrepreneurs and startuppers in their day-to-day dealings. Without their buying into the idea, the ministerial-level, five-star hotel discussions about startups will not have a real-life impact on the startuppers on the ground. The objective of the Startup Proclamation is still to create an innovative ecosystem in Ethiopia that is able to effectively and efficiently promote innovation and job creation, remove barriers to entrepreneurship by easing the start, operation, and closing of businesses, and build an ecosystem that encourages innovativeness. To attain these objectives, a lot of work is still required, both from private actors, including development partners, and the government at different levels. 3 COMMENTS Ittu Aba Farda September 10, 2023 At 5:37 am I would like to take a moment to wish all of you my dear countrymen/women A Happy New Year! I wish all of you continued success in your careers with peace and health for years to come! Let’s all hope that the youth of that country will finally see the light in the tunnel where all these stupid and deadly conflicts ignited by stupid individuals would abruptly come to an end. Let’s hope that the gullible and hopelessly unemployed youth will have the same opportunity to live just like my and your children/grandchildren in a society where guns have gone permanently silent. Let’s wish and hope for him/her that cell phones and tablets will replace the guns stupid war mongers have availed him/her so easily. Let’s all monger peace because peace has far-reaching dividends beneficial to everyone. Insha’Allah!!!! I would like to take a moment to wish all of you my dear countrymen/women A Happy New Year! I wish all of you continued success in your careers with peace and health for years to come! Let’s all hope that the youth of that country will finally see the light in the tunnel where all these stupid and deadly conflicts ignited by stupid individuals would abruptly come to an end. Let’s hope that the gullible and hopelessly unemployed youth will have the same opportunity to live just like my and your children/grandchildren in a society where guns have gone permanently silent. Let’s wish and hope for him/her that cell phones and tablets will replace the guns stupid war mongers have availed him/her so easily. Let’s all monger peace because peace has far-reaching dividends beneficial to everyone. Insha’Allah!!!! Ittu Aba Farda September 10, 2023 At 8:16 am Meanwhile, let’s all have our brothers and sisters in Morocco in our thoughts and prayers for their loss in the devastating earthquake that struck their country yesterday. Please also keep in mind that earthquake can also happen in the old country. In fact when this deadly earthquake hit Morocco there was another one that struck the Bab-el-Mandeb(Gulf of Aden) area in sea territory belonging to Somalia. It was around 4.5 on the scale. It looked like the giant African plate was moving. So it is a matter of time before another big one hit the Horn of Africa and I hope all functioning governments are not remiss of this possibility in light of the exploding population and the countries heading into unprecedented urbanization. It is not a matter of if but when the big ones will strike the region. Meanwhile, let’s all have our brothers and sisters in Morocco in our thoughts and prayers for their loss in the devastating earthquake that struck their country yesterday. Please also keep in mind that earthquake can also happen in the old country. In fact when this deadly earthquake hit Morocco there was another one that struck the Bab-el-Mandeb(Gulf of Aden) area in sea territory belonging to Somalia. It was around 4.5 on the scale. It looked like the giant African plate was moving. So it is a matter of time before another big one hit the Horn of Africa and I hope all functioning governments are not remiss of this possibility in light of the exploding population and the countries heading into unprecedented urbanization. It is not a matter of if but when the big ones will strike the region. Ittu Aba Farda September 11, 2023 At 2:11 pm Okay folks! There he goes again! Our man in Al-Qahirah is drumming his darbooba again. He is hopping mad that Mother Nature has done its due diligence in the months of July and August over the dam. Nobody diverted a single cup of water from the river in the filling of the dam. Mother Nature was having the rain pour in buckets over the dam for more than 60 days and no one can tell her what to do or what not to do! Hey Abdel Fattah! Take your case to Mother Nature and don’t you dare try to be ‘funny’ with the dam!!! If you do that the river may stop coming your way altogether. You see that sign the river is holding right in your face! It says ‘Do Not Disturb!’ and that is a serious stuff. Relax!!!!! Okay folks! There he goes again! Our man in Al-Qahirah is drumming his darbooba again. He is hopping mad that Mother Nature has done its due diligence in the months of July and August over the dam. Nobody diverted a single cup of water from the river in the filling of the dam. Mother Nature was having the rain pour in buckets over the dam for more than 60 days and no one can tell her what to do or what not to do! Hey Abdel Fattah! Take your case to Mother Nature and don’t you dare try to be ‘funny’ with the dam!!! If you do that the river may stop coming your way altogether. You see that sign the river is holding right in your face! It says ‘Do Not Disturb!’ and that is a serious stuff. Relax!!!!! Comments are closed.

ETHIOPOST AND DODAI MANUFACTURING PLC STEP INTO THE FUTURE OF SUSTAINABLE DELIVERIES

ETHIOPOST AND DODAI MANUFACTURING PLC STEP INTO THE FUTURE OF SUSTAINABLE DELIVERIES As part of its commitment to technological advancement and strategic innovation, Ethiopost, a beacon of reliable postal service in Ethiopia for over a century, proudly announces its exclusive partnership with Dodai Manufacturing PLC (“Dodai”). Through this collaboration, Ethiopost continues its legacy of “Post for everyone,” further emphasizing its intent to evolve into a technology-driven service provider and setting a new standard in sustainable delivery solutions. Dodai’s e-motorbikes, which stand central to this partnership, are powered by a 3.6kWh capacity lithium battery, delivering a remarkable 120-150 km range on a single charge. With a battery lifespan three times longer than traditional lead-acid batteries, Dodai’s advanced features play a crucial role in Ethiopost’s decision for this collaboration. Ms. Hanna Arayaselassie, CEO of Ethiopost, remarked, “At Ethiopost, our century-long journey has always been about adapting and innovating. Partnering with Dodai signifies our commitment to a cleaner future and our ambition to incorporate cutting-edge technologies into our delivery solutions.” Echoing this sentiment, Mr. Yuma Sasaki, CEO of Dodai Manufacturing PLC, said, “This collaboration with Ethiopost is a testament to Dodai’s vision for sustainable e-mobility. Together, we’re not just shaping the future of deliveries in Addis Ababa but also setting a precedent for the rest of the country.” This exclusive partnership reflects a mutual goal for a greener and more efficient delivery ecosystem in Addis Ababa and beyond. As this partnership takes flight, Addis Ababa’s residents can look forward to a remarkable evolution in their delivery experiences. For further inquiries regarding this partnership, please contact: Ethiopost Email: [email protected] Phone: +2511151555886 Dodai Manufacturing PLC Email: [email protected]

IFC and the Ethiopian Capital Market Authority Partner to Increase Local-Currency Financing in Ethiopia

IFC and the Ethiopian Capital Market Authority Partner to Increase Local-Currency Financing in Ethiopia IFC and the Ethiopian Capital Market Authority (ECMA) today announced a program to support the growth of the country’s domestic capital markets and increase access to local currency finance. Under the four-year Ethiopia Capital Market Development Project, IFC will work with ECMA and other key stakeholders to develop capital market regulations, increase the efficiency of the government securities market, develop the domestic institutional and retail investor base, and increase the supply and issuance of capital market transactions. Capital markets in Ethiopia have the potential to support the financing of key development sectors including housing, infrastructure, agribusiness, small businesses, and climate mitigation and adaptation activities. “A local currency bond market with strong participation from domestic institutional and retail investors has a significant impact on government finance and serves as an alternative source of finance for corporate entities. ECMA will work with all partners and stakeholders to develop a well-regulated capital market that will help actualize a functioning and burgeoning bond market in Ethiopia,” said Dr. Brook Taye, Director General, the Ethiopian Capital Market Authority. “Liquid, diverse, and well-regulated local capital markets are an essential source of local-currency financing for the government, financial sector participants, and for end users such as small businesses. Stronger domestic capital markets in Ethiopia can help allocate investment more efficiently and allow for better risk-sharing while providing an alternative funding source to complement bank financing,” said Aliou Maiga, IFC regional Director in Africa for the Financial Institutions Group. IFC works with governments and regulators to develop long-term capital markets and to create the conditions in which complex financial instruments, particularly bonds, can be traded to fuel growth and mobilize financing for development projects. The project in Ethiopia is part of IFC’s wider program in Africa. IFC’s support will enable Ethiopia’s local capital markets to play a key role in supporting the country’s economic development by improving the framework for market-based issuance of government securities and improving the capacity of institutional investors, regulators, and market participants to participate in capital market transactions and new asset classes such as green bonds. About IFC IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2023, IFC committed a record $43.7 billion to private companies and financial institutions in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises. For more information, visit www.ifc.org. Stay Connected www.facebook.com/IFCAfrica www.linkedin.com/showcase/ifc-africa www.twitter.com/IFCAfrica www.youtube.com/IFCvideocasts www.ifc.org/SocialMediaIndex www.instagram.com/ifc_org Tags Capital Market IFC

itel Mobile Unveils its latest S23+ Smartphone in Ethiopia, a Fusion of Curved Screen Elegance and Exceptional Performance.

itel Mobile Unveils its latest S23+ Smartphone in Ethiopia, a Fusion of Curved Screen Elegance and Exceptional Performance. Addis Ababa, Ethiopia – August 31, 2023 – itel, the global leading smart life brand committed to providing quality consumer electronic products boasting excellent user experience has officially announced the imminent arrival of its flagship curved screen smartphone, the itel S23+. The itel S23+ is poised to revolutionize the smartphone experience with its cutting-edge technology and innovative features. Over the years, itel Mobile has firmly established itself as a reliable and innovative brand, catering to the needs and preferences of customers globally including Ethiopia. With a strong commitment to bringing technology that embodies quality and durability, itel has remained a trusted choice among consumers across emerging markets. The latest itel S23+ has a remarkable 6.78-inch big FHD+ AMOLED curved screen, which takes visual excellence to new heights. The screen’s 59-degree curvature creates a mesmerizing visual experience that wraps around the edges, immersing users into their content. Boasting an impressive 93% ultra-high screen-to-body ratio, this curved screen provides immersive views that captivate the senses. The unveiling event included activities to showcase the phone’s impressive features of an AI-powered camera, display, processor, and fast-charging battery. Attendees were treated to product presentations that enabled them to experience the phone’s high capability by product specialists. Itel Mobile has operated in the Ethiopian Market operating under Transsion Manufacturing plc, one of the leading mobile phone manufacturers in Ethiopia. During his opening remark, Mr. Genene Azene Legal Director at Transsion Manufacturing Plc shared his enthusiasm for the unveiling event stating “Our mission at Transsion has always been to bridge the digital divide by making innovative technology accessible and affordable to all. With the unveiling of the itel S23+ smartphone, we are taking a significant step towards transforming the lives of Ethiopian consumers. Furthermore, the incorporation of in-display fingerprint technology adds to both convenience and security, while Corning Gorilla Glass 5 provides a superior touch experience and safeguards against accidental drops. Mr. Eamon jia, Brand Manager of itel Mobile Ethiopia, expressed his excitement about the unveiling event, stating, “We are thrilled to unveil the S23+. As a brand, itel Mobile Ethiopia has always strived to exceed customer expectations by offering user-friendly devices that are accessible to all. With the S23 plus, we continue to deliver on this promise, providing cutting-edge technology at an affordable price point. We believe that the S23 plus will redefine smartphone experiences and empower our consumers with the features they desire.” itel S23+ redefines storage capabilities with up to 16GB of RAM and a substantial 256GB of internal storage. Its innovative Extended RAM technology leverages an additional 8GB from ROM, enabling smooth transitions between as many as 20 background apps. This guarantees seamless and efficient multitasking, even during resource-intensive activities. Equipped with an 18W Fast Charge and a powerful 5000mAh battery, itel S23+ ensures a long-lasting standby time and quick power replenishment. With a full charge achievable in just 2 hours, users can stay connected without interruption. The camera system features a 32MP AI Selfie lens accompanied by a remarkable 50MP Portrait Camera to capture moments in exquisite detail. With an F1.6 large aperture, the camera maximizes light intake, resulting in clear and vibrant photos even in low-light conditions. The revolutionary eye-tracking mode guarantees that no moment goes unnoticed, facilitating the capture of impeccable portraits. Moreover, the Portrait Lite feature takes your portrait photography to new heights, by offering a suite of personalized options to meticulously enhance every aspect of your photo, from skin tone to facial features and face shape. The unveiling of the itel S23+ exemplifies itel’s unwavering dedication to R&D, as well as its commitment to meeting the evolving needs of consumers in emerging markets. As itel’s first premium curved screen smartphone, S23+ marks an exciting milestone in the pursuit of pushing technological boundaries, enhancing user satisfaction and bringing innovation to a wider range of users. =Ends= About itel Established over 10 years ago, itel is a reliable smart life brand for everyone. Adopting “Enjoy Better Life” as its brand philosophy, itel’s mission is to provide budget-friendly consumer electronic products and lifestyle products for everyone. It democratizes technology by giving entry to technology and connectedness to consumers without prior access to it. After more than 10 years of development, itel has expanded its presence in more than 50 emerging markets globally. itel has a product portfolio of smartphones, TV, accessories, electrics, home appliances, laptop,s, and lifestyle products. In 2022, it ranked No.1 Global Smartphone brand under $100 and the No.1 Feature Phone brand. Tags itel 51 COMMENTS Itel S23+ With 6.78-Inch AMOLED Display Launched - Global News Thread September 12, 2023 At 11:08 am […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. 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The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features September 12, 2023 At 11:11 am […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - Amar Martand September 12, 2023 At 11:12 am […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. 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The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - BigNewsAdda September 12, 2023 At 12:24 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features – newstechalux September 12, 2023 At 12:25 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - Now-Tranding September 12, 2023 At 12:33 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. 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Compare Prices September 12, 2023 At 1:10 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features – Mehul R Anghan September 12, 2023 At 1:17 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display Launched – Unique INDIA Tech September 12, 2023 At 1:18 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features – Study September 12, 2023 At 1:37 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Show, 8GB RAM Launched: Specs, Options – ThirdBoss September 12, 2023 At 1:43 pm […] is but to disclose the value and availability for the Itel S23+. The newly launched will reportedly be out there in sole 8GB RAM and 256GB storage possibility. The handset comes pre-installed with […] […] is but to disclose the value and availability for the Itel S23+. The newly launched will reportedly be out there in sole 8GB RAM and 256GB storage possibility. The handset comes pre-installed with […] 6,78 İnç AMOLED Ekranlı, 8 GB RAM'li Itel S23+ Piyasaya Sürüldü: Teknik Özellikler, Özellikler - Dünyadan Güncel Teknoloji Haberleri | Teknomers September 12, 2023 At 1:48 pm […] henüz Itel S23+’ın fiyatını ve stok durumunu açıklamadı. Yenice başlatıldı irade bildirildiğine göre yalnızca 8 GB RAM ve 256 GB depolama seçeneğiyle sunulacak. Telefon, kutudan Android 13 tabanlı […] […] henüz Itel S23+’ın fiyatını ve stok durumunu açıklamadı. Yenice başlatıldı irade bildirildiğine göre yalnızca 8 GB RAM ve 256 GB depolama seçeneğiyle sunulacak. Telefon, kutudan Android 13 tabanlı […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - ReadToday September 12, 2023 At 1:49 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - SwapUpdate September 12, 2023 At 2:06 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - AP Netra September 12, 2023 At 2:11 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ 6.78-इंच AMOLED डिस्प्ले के साथ लॉन्च हुआ - Hindi News Station September 12, 2023 At 2:27 pm […] किया है। नव का शुभारंभ किया इच्छा कथित तौर पर एकमात्र 8GB रैम और 256GB स्टोरेज विकल्प में […] […] किया है। नव का शुभारंभ किया इच्छा कथित तौर पर एकमात्र 8GB रैम और 256GB स्टोरेज विकल्प में […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, September 12, 2023 At 2:30 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - Indian Cyber Defender September 12, 2023 At 2:33 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - Finance Guru September 12, 2023 At 3:03 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - Doplays - Sports & Finance News September 12, 2023 At 4:31 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ with 6.78-inch AMOLED display launched - USMAIL24.COM September 12, 2023 At 5:05 pm […] has not yet announced the price and availability for the Itel S23+. The new launched shall Reportedly be available with only 8 GB RAM and 256 GB storage option. The device comes out-of-the-box with […] […] has not yet announced the price and availability for the Itel S23+. The new launched shall Reportedly be available with only 8 GB RAM and 256 GB storage option. The device comes out-of-the-box with […] Itel S23+ With 6.78-Inch AMOLED Display Launched » The India Express September 12, 2023 At 5:36 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - Mr Web Guide September 12, 2023 At 5:45 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ con pantalla AMOLED de 6,78 pulgadas y 8 GB de RAM lanzado: especificaciones, características - Noticias de videojuegos y tecnología September 12, 2023 At 5:50 pm […] aún no ha revelado el precio y la disponibilidad del Itel S23+. Lo nuevo lanzado desear según se informa estará disponible en una única opción de almacenamiento de 8 GB de RAM y 256 GB. El teléfono […] […] aún no ha revelado el precio y la disponibilidad del Itel S23+. Lo nuevo lanzado desear según se informa estará disponible en una única opción de almacenamiento de 8 GB de RAM y 256 GB. El teléfono […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - usablogging20 September 12, 2023 At 6:11 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display Launched » News Feeds September 13, 2023 At 12:03 am […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ 6.78-इंच AMOLED डिस्प्ले के साथ लॉन्च हुआ - September 13, 2023 At 1:11 am […] किया है। नव का शुभारंभ किया इच्छा कथित तौर पर एकमात्र 8GB रैम और 256GB स्टोरेज विकल्प में […] […] किया है। नव का शुभारंभ किया इच्छा कथित तौर पर एकमात्र 8GB रैम और 256GB स्टोरेज विकल्प में […] Itel S23+ With 6.78-Inch AMOLED Display Launched - The Update Times September 13, 2023 At 1:15 am […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features News - SKB NEWS September 13, 2023 At 1:45 am […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features – News360 September 13, 2023 At 2:25 am […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - Motive24 September 20, 2023 At 6:04 pm […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Itel S23+ With 6.78-Inch AMOLED Display, 8GB RAM Launched: Specifications, Features - September 24, 2023 At 5:51 am […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] […] is yet to reveal the price and availability for the Itel S23+. The newly launched will reportedly be available in sole 8GB RAM and 256GB storage option. The handset comes pre-installed with Android […] Comments are closed.

Frehiwot Tamru appointed as Chairperson of Addis Ababa University Board

Frehiwot Tamru appointed as Chairperson of Addis Ababa University Board Ethio Telecom CEO Frehiwot Tamru has been appointed as the chairwoman of the board of Addis Ababa University, which is set to be organized as an autonomous university. The appointment was announced by Minister of Education Professor Birhanu Nega on Thursday, August 31, 2023. In addition to Frehiwot Tamru’s appointment, Minister of State for Education Dr. Samuel Kefle was also appointed as the acting president of Addis Ababa University. Kefle is a professor of economics and has served in various capacities at the university, including the dean of the College of Social Sciences and Humanities. The appointment of Freihowt Tamru and Dr Samuel Kefle is part of the government’s plan to make Addis Ababa University a fully autonomous university. The university was granted autonomous status by decree in 2022, but it is still in the process of transitioning to a fully autonomous system. The minister said that the university will start working fully autonomously after the guidelines are prepared in 2024. He also noted that the university will need to develop its own financial and human resources management systems in order to operate as an autonomous institution. The appointment of Tamru and Kefle is a significant step in the process of making Addis Ababa University a fully autonomous university.