Strathmore Business School Launches Partnership with Capital Business School, Ethiopia

Strathmore Business School Launches Partnership with Capital Business School, Ethiopia Addis Ababa, July 1, 2022 – Strathmore Business School(SBS) and Capital Business School(CBS)  have entered into an exciting new partnership that aims at tackling the skills gap in corporate Ethiopia. CBS, launched in Addis Ababa, Ethiopia in  2022 caters to corporate organisations looking to get customised executive business training for their employees. Through these different types of executive trainings, employees will receive practical knowledge that will empower them to provide localised solutions to challenges faced by corporates in Ethiopia. Participants of CBS will also receive global accreditation through the highly-ranked programmes and distinguished instructors. CBS has customised programmes that are tailor-made for organisations and their unique challenges. These courses are designed to fit executive levels. “Ethiopia is opening up very fast and now more than ever, we need our executives in Ethiopian organisations to be as sharp and polished as they need to be,”  said Addis Alemayehou, Chairman, Kazana Group and CBS. SBS is one of Africa’s top Business Schools that has developed transformational business leaders and has been at the forefront of innovation since inception. As the first university in Kenya to become ISO 9001:2000 certified. SBS aims to develop great leaders and in doing so, apply Strathmore University’s founding principle of leading society to greater development through service to all people without discrimination. As Dr George NJenga the Dean of SBS  mentioned at the signing ceremony “ At Strathmore, the values taken to core when enrolling students are: making them feel at home,being ethical and zero tolerance towards discrimination amongst students”. He also mentioned the need for regional collaboration in the whole of Africa in general and between Ethiopia and Kenya in particular. He has pointed out his commitment to replicate SBS’ success in Ethiopia in both the executive education and academic programmes. CBS’s  business to business  programme delivers its trainings  hybrid with both in-person and online sessions. These courses include extensive use of case studies and discussion based learning by Kenyan SBS. Our courses are targeted for company executives. The reason for the expansion of this business school is the dearth of high quality training in a country where there are up to twenty two banks, eighteen insurance companies, more than fifty major state owned enterprises with high earnings, more than eighty major multinational companies and hundreds of  big private limited companies are located in the capital and its regions. These corporations are sending executives to get the much needed courses abroad and now CBS will bridge that gap and deliver quality education right here in Ethiopia. ———————————————————————————————————————– Boilerplate: About SBS SBS, based in Nairobi, Kenya  provides its participants with a world-class learning environment, where they can share and reflect on their experiences and develop new ideas that will lead their companies into a new era. SBS faculty combine high academic standards and industry standards with industry perspective. The research done and academic study is industry-based and therefore applicable to the same. SBS faculty is involved in producing local and regional business cases. About CBS CBS is a private business school powered  by Addis Business Consulting PLC with a registered trademark under ABC PLC, is a  centre of excellence, located at the heart of Addis Ababa,  committed to provide exceptional executive education and to bridge the prevailing knowledge and skills gap in Ethiopia’s vibrant business ecosystem Our goal is to cater to corporate organisations looking to get customised executive business training. Corporate Organisations that receive CBS training will gain access to world-class business education from courses that have been carefully curated in collaboration with SBS. About Kazana Group Kazana Group is a holding company building Africa’s future with an extensive portfolio of over 16 companies operating in a diverse array of industries and sectors, notably in marketing, communications, advertisement, fintech, telecom, manufacturing, logistics, technologies, investment management & advisory, and many more. Kazana’s aim is to  promote economic prosperity by supporting companies in Africa that make impactful changes and solve critical problems in the lives of communities around them. To learn more, please email info@learnatcbs.com. Tags ethiopian news ethiopian news today

Ride officially launched its service Djibouti

Ride officially launched its service Djibouti The the Mayor of Djibouti City, Mr. Seid Daood;  has officially launched the operation of Ride service in Djibouti in the presence of Djibouti’s Ambassador to Ethiopia Berhanu Tsegaye and senior officials of both countries including Ride Founder & CEO Samrawit. Speaking on the occasion, Djibouti City Mayor Seid Daud said the expansion of Ride to Djibouti is a good example for Regional Economic Integration. Ride CEO Samrawit Fikru Ride said Ride has created job opportunities for many & played a significant role in modernizing the transport industry, especially in Addis Ababa.She said her company will play a significant role in facilitating the transport activities of Djibouti. Ms. Samrawit added that more than 1,500 vehicles have been registered to modernize the taxi service in Djibouti in the past few weeks with 100 vehicles already operational. Tags djibouti ethiopia business news ride Samrawit

The Addis Ababa City Administration Cabinet to submit the 100.05 billion birr

The Addis Ababa City Administration Cabinet to submit the 100.05 billion birr Addis Ababa City Administration Cabinet has decided to submit more than 100 billion birr plan to the council for the 2015 Ethiopian budget year The Addis Ababa City Administration Cabinet has decided to submit the 100.05 billion birr budget plan to the city council for approval. During the 11th regular meeting of the cabinet held today, the cabinet discussed the plan of the city administration from 2015 to 2017. The City Finance and Economic Development Bureau has approved the 100.05 billion birr budget prepared for the 2015 Ethiopian budget year. Out of the budget, 29.79 billion birr will be subsidized to the sub-cities and the remaining 70.26 billion birr will be allocated to the executive at the city level. Out of the 70.26 billion birr budget, 54.87 percent is the capital budget and 42.29 percent is for recurrent expenditure. The remaining 3.87 percent is reserve budget. According to the information received from the city administration, the budget is designed to allocate public resources to the priority sectors, innovation and industry, in order to achieve the goals set by the city administration. Tags Adanech Abebe addis ababa

HEINEKEN Introduces Malt-based Energy drink to Ethiopian market

HEINEKEN Introduces Malt-based Energy drink to Ethiopian market Addis Ababa Ethiopia, June 21, 2022 – The brewery giant HEINEKEN Ethiopia today officially introduced its latest product, a non-alcoholic Energy drink “BERTAT” to the Ethiopian Market. at a colorful ceremony attended by Mr Hubert Eze, Managing Director of Heineken and other invited guests, the new nonalcoholic Energy drink was unveiled. With the growing consumer demand for healthier products Heineken Ethiopia brings its malt based non-alcoholic energy drink BERTAT, the first Energy Drink Proposition in a returnable glass bottle for the local market. As the nutrients can be quickly absorbed and processed by the body, malt beverages make for an ideal source of energy for individuals performing any mental or physical activity, they can serve as a quick energy boost or recovery drink. BERTAT delivers instant energy as a regular energy drink while providing the goodness of malt as well as nutritional benefits of vitamin B6 & B12 as an additional advantage. In addition, BERTAT will solves the barrier of energy drinks tasting artificial with its natural malt base while being refreshing with its accessible fruity flavor. Bertat is a brand that represents the go-getters who pass any obstacle to achieve their goal in life while enjoying the journey. HEINEKEN’s energy malt drink is a proven concept and recipe that has already been successfully launched in other African markets in recent years. HEINEKEN’s new malt base energy drink will be packaged using Glass that is a 100% recyclable, which has an infinite renewal cycle. Thus, it can be recycled and reused countless times, reducing the impact on the environment. During the launching ceremony Fekadu Beshah, External Communications Manager for HEINEKEN Ethiopia remarked that “HEINEKEN Ethiopia is a company known for launching innovations, it is in our company’s DNA. By introducing the 1st Malt based energy drink, we are moving the FMCG industry of Ethiopia another step closer towards meeting the needs of our consumers and customers.” Heineken joined the Ethiopian beer market in 2011, through the acquisition of two government-owned breweries operating in Ethiopia. Since then, the brand has been operating across three locations, one in the east Harar Region, and the second in Bedele, in the west of Ethiopia, and the third at Addis Ababa, the capital city of Ethiopia. In 2015 Heineken inaugurated its latest state-of-the-art brewery and since then it has continued to expand and invest in the country. -Ends- About HEINEKEN: HEINEKEN is a proud, independent global brewer, committed to surprise and excite consumers with its brands and products everywhere. The brand that bears the founder’s family name – Heineken® – is available in almost every country on the globe and is the world’s most valuable international premium beer brand. The Company’s aim is to be a leading brewer in each of the markets in which it operates and to have the world’s most valuable brand portfolio. HEINEKEN wants to win in all markets with Heineken® and with a full brand portfolio in markets of choice. The Company is present in over 70 countries and operates more than 165 breweries. HEINEKEN is Europe’s largest brewer and the world’s second largest by consolidated volume. HEINEKEN is committed to the responsible marketing and consumption of its more than 250 international premium, regional, local and specialty beers and ciders. These include Heineken®, Affligem, Amstel, Anchor, Biere Larue, Bintang, Birra Moretti, Cruzcampo, Desperados, Dos Equis, Foster’s, Newcastle Brown Ale, Ochota, Primus, Sagres, Sol, Star, Strongbow, Tecate, Tiger and Zywiec. Our leading joint venture brands include Crystal and Kingfisher. The number of people employed is over 81,000. Most recent information is available on HEINEKEN’s website: www.theHEINEKENcompany.com and follow us via @HEINEKENCorp Tags ethiopian news Heinkein Malt

600 Million USD Financing Agreements signed between the FDRE Ministry of Finance and the World Bank

600 Million USD Financing Agreements signed between the FDRE Ministry of Finance and the World Bank Financing Agreements signed between the FDRE Ministry of Finance and the World Bank Today June 24, 2022, a Financing Agreement amounting to US$ 600 million (US$ 200 million in the form of grant and US$ 400 million in the form of credit), for the implementation of the Food Systems Resilience Program (FSRP) and US$ 115 Million US dollars in the form of Grant for the implementation of De-risking, Inclusion and Value Enhancement of Pastoral Economies in the Horn of Africa Project (DRIVE) respectively which is in total US$ 715 Million (approximately 36.5 Billion ETB). The resource from the first Financing Agreement will be used to finance increasing the resilience of food systems and preparedness for food insecurity in project areas in the country. The resource for De-risking, Inclusion and Value Enhancement of Pastoral Economies in the Horn of Africa Project will be used to enhance pastoralists’ access to financial services for drought risk mitigation, include them in the value chains, and facilitate the livestock trade in the Horn of Africa. The Agreement was signed virtually by H.E. Ahmed Shide, Minister of Finance, and Ms. Boutheina Guermazi, Director for Regional Integration Africa representing the Federal Democratic Republic of Ethiopia and the World Bank respectively. Tags ethiopia news today Ethiopian Business News ethiopian news ethiopian news daily

EIH on boards 27 public commercial assets including ethiotelecom & Ethiopian Airlines

EIH on boards 27 public commercial assets including ethiotelecom & Ethiopian Airlines Ethiopian Investment On-boards its Subsidiaries.How nations manage their resources is one of the key determinants on whether they succeed or fail in the path to wealth creation. While debating on key policy matters, policymakers tend to over-emphasize public debt and overlook the value of public assets. Globally, public assets are by far larger than public debts worth at least twice the global GDP. Furthermore, public assets that are well-managed on average, add three percent of GDP as additional revenue to the govemment budget (IMF). Countries around the globe establish either sovereign or public wealth funds to manage their public assets and pass on wealth to the future generation. These institutions serve as catalysts for prosperity as they can unlock the value of public assets. Recognizing that Ethiopia’s assets are far greater than the county’s liabilities, Ethiopian Investment Holdings is established to build on previously successful public asset reform initiatives and accomplish three main objectives. These objectives are:to serve as a strategic investment arm of the govemment: to contribute to sustainable economic development of the country, through professional management of its funds and assets by following international best practices and corporate governance principles;to provide a strategic vehicle to attract foreign investment by, among others, establishing a coinvestment platform, consolidating assets for further monetization, unlocking values from current unutilized assets, and thereby bringing the highest possible return on investment. The establishment of sovereign or public wealth funds in Ethiopia and other African countries plays a pivotal role in correcting the narrative that labeled the continent as exotic, risky, and aid-dependent. These funds play a pivotal role in using capital strategically to establish industrial development in several sectors to create inclusive economic opportunities for its vibrant and young population. These funds can also help attract large scale anchor investors by creating co-investment platforms to mitigate risks in key sectors of the economy where conventional investment incentives such as income tax exemption, customs tax exemption, and land facilitation may not be sufficient to attract large-scale investments. Additionally, they provide the legal basis for the government to move away from a regulatory role to an active owner where it can optimize public assets by instilling the principles of good governance, professional management, and prudent investment practices. To officially launch operations and with the aim of laying a strong foundation for collaboration with its subsidiaries, the Ethiopian Investment Holdings launched a two-day on-boarding summit to be held on June 23 and 24h 2022. The main objectives of the Summit are to highlight international good practices of corporate governance and portfolio management by holding companies: align expectations with subsidiaries on topics such as transparency and disclosure, talent and organizational development, commercial discipline and value creation: and assert the importance of mobilizing investment into and with state-owned commercial companies. The summit will bring together prominent global experts, CEOs and board chairs of subsidiary companies, and  representatives of partner institutions. The summit will offer keynote speeches, presentations, panel discussions.and smaller group interactions to allow for exchange of ideas at multiple levels. Tags ethiopia business news ethiopian airlines Ethiopian Investment Holdings ethiotelecom

Ethiopia has earned 513.9 million USD from gold production in the past 11 months

Ethiopia has earned 513.9 million USD from gold production in the past 11 months Ethiopia has earned 513.9 million USD from gold production in the past 11 months, according to the Minister of Mines, Engineer Takele Uma. This year’s export earnings are the second largest in terms of foreign exchange earnings from coffee exports. The ministry said the licenses of 972 investors in the mining, production and export sectors who have not been able to carry out various investment licenses have been revoked due to their involvement in harmful activities. The Ministry of Mines ÷ stated that it is undertaking various reforms to ensure that Ethiopia and its citizens benefit from mineral and natural resources. It is also indicated that the mining sector is working diligently despite various national environmental challenges. He said the work done to replace the mining industry inputs that require high foreign exchange is yielding promising results. Tags Ethiopia export Gold export Ministry of Mines takele uma

The 5th annual conference on Ethiopia- Norway collaboration on Health and Higher Education held in Addis Ababa.

The 5th annual conference on Ethiopia- Norway collaboration on Health and Higher Education held in Addis Ababa. Addis Ababa, Ethiopia June 21, 2022 – The annual conference on Ethiopia – Norway collaboration in Health and Higher Education for Development that aims to support and celebrate ongoing partnership and collaborations within health and higher education. The Conference was officially held today in Addis Ababa and was attended by high government officials, invited guests as well as members of the media. Attended by nearly 150 delegates, the 5th annual Conference hosted by the Royal Norwegian Embassy in Addis Ababa with the theme “Harnessing Strategies during and after a Pandemic; implications, and opportunities for Partnerships”, was focused on the key areas of Ethics in Public Health Care, Gender in public health, Trauma Care, Non-Communicable Diseases, and Communicable Diseases. The event also celebrates several decades of Ethiopian-Norwegian partnership in health and higher education while also creating a medium for key stakeholders and partners for exchange and learning. Successful conferences in the past have proven the importance of the organization of a regular meeting platform for interaction and experience sharing between stakeholders. This is where new areas of cooperation, synergies, and efficiencies are established. In her opening remark Her excellency Ms Merete Lundemo, Ambassador of Norway to Ethiopia, while expressing the commitment of her government to its partnership with Ethiopia in the health and higher education sectors stated that “the Conference contributes to the harnessing of the ongoing partnerships by providing a platform for networking and exchange. The purpose is to  bring out synergies for further and new partnerships. The government of Ethiopia through the many sectors and the Ministry of Health in particular has been decisive for the success of the conference and vital in the furthering of of the results of the programs. We are grateful for the collaboration. A number of prominent institutions were also present at the conference including University of Oslo, Haukeland University Hospital, Ethiopian Ministry of Health, Ministry of Woman and Social Affairs, St. Paul’s Hospital, Black Lion Hospital and Cancer Care Ethiopia, to mention a few. The partnerships between Norwegian and Ethiopian institutions are working to promote and build better health facilities and broader access to health-services by enhancing the capacity of institutions and health personnel. Norway has a long-term commitment for SDG 3 and has been engaged in wide-ranging efforts to improve health internationally for decades. Priority has been given to access to vaccines, women’s and children’s health, and the fight against AIDS, tuberculosis and malaria, as well as efforts to fight non-communicable diseases such as cancer and diabetes. Advocating sexual and reproductive health and rights is an important part of Norwegian policy. Norway is a committed champion for women’s right to access to health care and to decide over their own bodies. Supporting family planning and women’s access to safe abortions are key priorities for Norway. Norway is currently supporting numerous global health initiatives playing a key role in shaping institutions of the global health architecture, as well as in funding them. These include GAVI, the vaccine alliance that has helped vaccinate over 800 million children since its inception and the access to Covid-19 Tools Accelerator, ACT-A – a facility aiming to improve access to vaccines, diagnostic tools and medicines for Covid-19 and its vaccine pillar, COVAX,  has delivered over 1,5 billion vaccines to low- and middle-income countries. These contribute to improved service delivery within the national health sector in Ethiopia and build fundamental infrastructure to improve resilience against the major challenges.

Ethiopian Airlines Group CEO, Mr. Mesfin Tasew, has been elected as member of the IATA Board of Governors

Ethiopian Airlines Group CEO, Mr. Mesfin Tasew, has been elected as member of the IATA Board of Governors Ethiopian Airlines Group CEO, Mr. Mesfin Tasew, has been elected as member of the IATA Board of Governors at the 78th International Air Transport Association Annual General Meeting held in Qatar. https://www.iata.org/en/about/corporate-structure/boardgovernors/ Chair of the Board Mehmet Tevfik Nane Vice-Chairperson of the Board (Managing Director) PEGASUS AIRLINES Members Michael Rousseau President and Chief Executive Officer AIR CANADA Benjamin Smith Chief Executive Officer AIR FRANCE-KLM GROUP (representing Air France) Douglas Parker Chairman AMERICAN AIRLINES Shinichi Inoue President and Chief Executive Officer ANA John Dietrich President and Chief Executive Officer ATLAS AIR Tang Kin Wing Augustus Chief Executive Officer CATHAY PACIFIC Ma Xulun Chairman CHINA SOUTHERN AIRLINES Pedro Heilbron Chief Executive Officer COPA AIRLINES Mesfin Tasew Bekele Chief Executive Officer ETHIOPIAN AIRLINES Topi Manner President and Chief Executive Officer FINNAIR Luis Gallego Martín Chief Executive Officer IAG (representing IBERIA) Ronojoy Dutta Chief Executive Officer INDIGO Yuji Akasaka Representative Director, President JAPAN AIRLINES Robin Hayes President and Chief Executive Officer JETBLUE Pieter Elbers President and Chief Executive Officer KLM Walter Cho Chairman and Chief Executive Officer KOREAN AIR Roberto Alvo Chief Executive Officer LATAM AIRLINES GROUP Carsten Spohr Chief Executive Officer LUFTHANSA Izham Ismail Group Chief Executive Officer MALAYSIA AIRLINES Mohamad El-Hout Chairman and Director General MIDDLE EAST AIRLINES Akbar Al Baker Group Chief Executive QATAR AIRWAYS Abdelhamid Addou Chairman and Chief Executive Officer ROYAL AIR MAROC Yvonne Manzi Makolo Chief Executive Officer RWANDAIR Ibrahim Al-Omar Director General SAUDI ARABIAN AIRLINES Goh Choon Phong Chief Executive Officer SINGAPORE AIRLINES Christine Ourmières-Widener Chief Executive Officer TAP AIR PORTUGAL Ahmet Bolat Chairperson of the Board and Executive Committee TURKISH AIRLINES Scott Kirby Chief Executive Officer UNITED AIRLINES Enrique Javier Beltranena Mejicano President and Chief Executive Officer VOLARIS ​—– Willie Walsh Director General IATA