Ermias Amelega to bring Alibaba in six months

Ermias Amelega to bring Alibaba in six months Alibaba the breakthrough e-commerce company will enter Ethiopia’s digital economy within the next six months. The e-commerce venture that is about to be launched is the result of a partnership between Chinese e-commerce giant Alibaba and Ethiopian business tycoon Ermias Amerga, who has extensive experience in banking, technology and real estate. .. Has appeared. “It takes six months to set up and start implementing a company. There are some challenges, such as difficulty in accessing foreign currencies,” said Ermias, “we are partnering with Alibaba. Established an e-commerce company in Ethiopia. The name of the new company includes Alibaba and another local name to represent us. “ A new e-commerce platform where all products are digitally present in Ethiopia stores. Aims to put Ethiopia in a new digital economic lane. It features an end-to-end online ordering, electronic payment and delivery system. Similarly, the reporter learned that the Ministry of Trade and Regional Integration (MoTRI) has completed a new platform to serve an estimated 300,000 Chinese community in Ethiopia. An agreement was reached when Alibaba founder Jack Ma visited Ethiopia. After theCOVID19 pandemic, the need for digital transactions has increased, coupled with central bank actions to phase out the use of cash. Prime Minister Abiy Ahmed’s government decision to liberalize the telecommunications sector has also given momentum to this trend. Currently, there are about 30 e-commerce companies in Ethiopia.“The current situation in Ethiopia enables e-commerce. Fully digitized e-commerce will gradually be possible,” says Ermias. A draft regulation on electronic transactions prepared by the Ministry of Innovation Technology (MInT) was also reviewed by the Ministry of Justice and submitted to the Prime Minister’s Office. Congress passed an electronic transaction declaration last year.“Once approved, eTransaction regulations will enable end-to-end e-commerce services,” said Mandefro Eshete (PhD), MINT’s legal adviser. The Treasury has already installed the technology that enables electronic receipts, among other electronic services. Tags alibaba ermias amelega 4 COMMENTS Molla Sisay January 16, 2022 At 7:09 am It is a good news for our country, b/c to grow our economic capacity too. It is a good news for our country, b/c to grow our economic capacity too. Yehenew Ayalew January 16, 2022 At 11:45 am I am proud of you my friend, we are just sixty something years young, with proper nutrition and technological assistance exceeding the centennial and approaching a bicentennial birthdayis a possibility. Keep working, I believe in you to bring prosperity to all willing to follow your footsteps❤❤❤❤❤ I am proud of you my friend, we are just sixty something years young, with proper nutrition and technological assistance exceeding the centennial and approaching a bicentennial birthdayis a possibility. Keep working, I believe in you to bring prosperity to all willing to follow your footsteps❤❤❤❤❤ Habtamu hmariam January 17, 2022 At 6:51 pm I am proud of you Ermi I am proud of you Ermi Gezahegn Leta January 18, 2022 At 7:04 pm Amazing News for my country thanks very much Amazing News for my country thanks very much Comments are closed.

Ethio Telecom to sell mobile phones on credit with National Identity Guarantee

Ethio Telecom to sell mobile phones on credit with National Identity Guarantee Ethio Telecom announced that it is preparing to sell smart phones on credit by using national ID as a guarantee. He said the company has been selling mobile phones to insured employees for the past one year and has so far sold more than 10,000 phones. Ethio Telecom’s Head of Sales, Mohamed Haji, said that the individuals could not provide a secure deposit and the current ID was not reliable enough, making it difficult to provide the service and was operated only by companies. He said the national identity card, which is expected to be implemented in the coming years, will solve this problem. He explained that in addition to holding a national identity card, the sale of the loan does not require further guarantees that the lender will be able to repay the loan. Tags ethiotelecom mobile loan mobile payment telebirr

Ethio Telecom to sell mobile phones on credit with National Identity Guarantee

Ethio Telecom to sell mobile phones on credit with National Identity Guarantee Ethio Telecom announced that it is preparing to sell smart phones on credit by using national ID as a guarantee. He said the company has been selling mobile phones to insured employees for the past one year and has so far sold more than 10,000 phones. Ethio Telecom’s Head of Sales, Mohamed Haji, said that the individuals could not provide a secure deposit and the current ID was not reliable enough, making it difficult to provide the service and was operated only by companies. He said the national identity card, which is expected to be implemented in the coming years, will solve this problem. He explained that in addition to holding a national identity card, the sale of the loan does not require further guarantees that the lender will be able to repay the loan. Tags ethiotelecom mobile loan

Hibret Bank head office building at a cost of over 2.7 billion birr inaugurated

Hibret Bank head office building at a cost of over 2.7 billion birr inaugurated The construction of the Hibret Bank head office building, which cost more than 2.7 billion birr, was completed in the presence of the President of the Federal Democratic Republic of Ethiopia, Sahlework Zewde. The 37-storey Hibret Bank headquarters is also known as the Union Tower. The inauguration ceremony was attended by FDRE President Woro Sahlework Zewde, Foreign Ministry Spokesperson Ambassador Dina Mefti, Governor of the National Bank Dr. Yinger Dessie, senior shareholders of the Bank, shareholders and Presidents of the Bank. President of the Bank, Melaku Kebede, said the construction of the building took six years to complete. He also said that the construction of the Cooperative Tower will not only reduce the cost of rent but also enable the customers of the bank to access fast and efficient services in one place. Melaku also thanked the bank’s management and customers who have the backbone of the Union Bank. Tags hibret bank hibret bank headquarter 1 COMMENT Getachew January 15, 2022 At 2:43 pm Is it the construction or the inaguration that is competed in the presence of the president? Check your first sentence. Is it the construction or the inaguration that is competed in the presence of the president? Check your first sentence. Comments are closed.

Oromia Cooperative Bank introduces a new digital platform for loans

Oromia Cooperative Bank introduces a new digital platform for loans In collaboration with Payment Financial Technologies, Oromia Cooperative Bank has introduced a new digital platform called “Mechu” to provide loans without collateral. It is believed to be the first convenient loan service for small and medium enterprises that cannot access credit. It is a conventional loan and recovery application that you can use by downloading to your mobile phone. The creditor will claim the application, the requirements for obtaining the loan will be met. The application will announce the result within minutes. Micro, small and medium enterprises are offered the loan without guarantee, and the loan amount ranges from 30,000 birr to 150,000 birr. Tags oromia cooperative bank

Ethiopia-Djibouti railway records 37.5% increase in revenue

Ethiopia-Djibouti railway records 37.5% increase in revenue THE Ethiopia-Djibouti railway, which runs from Addis Ababa to the port in Djibouti City, recorded $US 86.13m in revenue in 2021, a 37.5% increase on 2020. The line was used by 449 passenger trains and 1469 freight trains over the year, transporting 77,357 TEUs. The company also improved the efficiency of operation, with the time to process a freight train at the Port of Doraleh in Djibouti reduced from three days to one-and-a-half days, while the loading and unloading time at the dry port of Modjo was reduced from 12 to seven hours. Safety improved with no accidents recorded in 2021. Ethiopia’s Somali Region, the largest region through which the Yaji Railway passes, also implemented the Regulation on Railway Safety Protection on August 25 2021. The railway carried 96 special trains of fertilizer and 13 special trains of wheat into Ethiopia, with the line targeting new markets such as cooking oil, small cars and chilled fruits and vegetables. To improve the localisation of operation, 34 Ethiopian locomotive drivers were awarded their certificates on May 4 2021, followed by 15 shunter drivers on July 29. The 752km electrified line opened in October 2016, with the $US 3.4bn project 70% financed by China’s Exim Bank and built by China Railway Group and China Civil Engineering Construction.

Ethiopian Cargo launches new booking system

Ethiopian Cargo launches new booking system Africa’s largest cargo service provider Ethiopian Cargo and Logistics Services has launched a new air cargo booking platform. The new online system enables the airline’s customers to check flight schedules, space availability, loadability of freight, and make real-time bookings. “We are committed to start walking the long walk of taking out paper from the entire air cargo process by digitalising the logistics value chain,” said Ethiopian Airlines’ GCEO Tewolde GebreMariam. “Taking out paper from our logistics value chain is not only convenient and hassle free for customers, but it delivers more efficient operational excellence and achieves long-term sustainability goals. “Our online booking platform will be crucial in empowering direct cargo customers and forwarders with reliable access to our cargo capacity inventory.” Tags ethiopia airlines cargo

An innovative event connecting Diaspora and Local Experts kicked off in Addis Ababa

An innovative event connecting Diaspora and Local Experts kicked off in Addis Ababa Addis Ababa, Ethiopia, January 12, 2022 – An innovative event dedicated to connecting and inspiring diaspora with home-based experts from all sectors has officially started in Addis Ababa today. The event held under the theme “Connecting diaspora and home-based professionals to make a lasting Impact” showcased the power of effective partnerships in today’s fast-paced, interconnected world to provide ground-breaking results. The two-days impactful event is organized in a way to tap into the collective knowledge of the diaspora and local experts to provide INNOVATIVE Solutions for Ethiopia’s current and future challenges. During the opening ceremony Huria Ali, State Minister at Ministry of Innovation and Technology Highlighted that the government is focusing and making efforts in building a digital economy that will be led by the private sector, also assuring that the government will support the diaspora and the private sector’s work in the sector. In addition to this, the State Minister called on the Diaspora to engage in activities that generate foreign currency, Job opportunities for the youth while taking into consideration the demand at the Global Market. Organized by R&D Group, RBD Consultancy, and ORTEC Sports along with team and partners, Prosource HR Solutions, CAWEE, 251communications, This year’s event comes at the most opportune moment of the GREAT ETHIOPIAN HOMECOMING call by our government. Digital Transformation Program Office Digital Ecosystem and Regulatory Unit Director at the Ministry of Innovation and Technology, Khalid Ahmed for his part remarked that “The Diaspora should share experience and best practices for the private sector to be successful in Ethiopia” The director also added that the government is developing communications portal for the diaspora to create engagement structurally. With the aim to innovate Dutch international, Partners for Change (P4C) was founded in 2011 by our mother company RBD in The Netherlands. P4C brings diverse players together to learn from each other and to explore new strategies for partnership based on our belief that we are stronger together! To this end, P4C hosted +20 strategic events to empower professionals from all sectors with the tools needed to be more effective sustainability leaders and change-makers in Ethiopia and The Netherlands. Rahel Boon the Managing Partner of R&D on her part said that “Ethiopia is filled with energetic youth and we can utilize that energy to make changes and use the public private partnerships with an impact driven people from local expertise and diaspora. Success can come from willingness of people who want to impact life.” she also called up on the diaspora and the local experts. To fulfil the need to develop actionable solutions, this event incorporated hands-on ‘’Hackathon for Change sessions on women leadership, outsourcing, sport for change, Skill and employment, digitization and social entrepreneurship where experts with the right skill set are brought together to work collectively on solving strategic challenges “presented by purpose-driven Ethiopian leaders. Closing remark was delivered by H.E Ato Nigusu Tilahun, State Minister of Labor and Skills Ethiopia stating how their office is always opened to partner up on change driven projects and public private partnership, help the youth as well to develop their skills to produce market based demanded employable force. Since the inception in 2010, R&D Group has been committed to develop future leaders of Ethiopia by connecting them to opportunities through digital jobs, talent development and entrepreneurship acceleration to mention few. Today’s hybrid event (simultaneously virtual as well as in person), brought together 200+ carefully selected individuals from the diaspora and home-based experts from various sectors. -Ends- R&D Group | Yobek Commercial Centre 13th floor | PO Box 41583 | Addis Ababa | Ethiopia | +251 11 557 7382 | info@randdethiopia.com | www.randdethiopia.com Tags ethiopia business news how to license business in ethiopia

Dangdang criticize Luckin coffee monopolizing over Hambella coffee

Dangdang criticize Luckin coffee monopolizing over Hambella coffee Recently, Dangdang, a Chinese electronic commerce company, criticized Luckin coffee’s purchase of nearly half of the available Hambell coffee beans, suggesting that the transaction may constitute a masked monopoly in the upstream supply chain. The METAD Agricultural Development PLC owns Hambella coffee, a family-run business, distinctive in that it comes from a single estate in Ethiopia located in the Oromia region, Guji Zone. Hambella coffee is from many smaller farms from around the region is processed and sold as a lot. The majority of coffees sourced from the areas are from washing stations or cooperatives. More than 90 tons of Hambella coffee beans were won by overseas bidding from the market share. Founder Li Guoqing believes that it is good enough to mix coffee beans for a coffee chain, and buying Hambella coffee beans will make those who make fine coffees have no beans supply or cause the price of fine coffee beans to increase substantially. Tags Dangdang Hambella coffee Luckin coffee