Ethiopia is working vigorously to improve its transport and logistics services, Demeke Mekonnen, Ethiopia's Deputy Prime Minister said. Mr. Demeke said this is part of an effort to cement strong global economic relations.
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Paga, an aggressive Nigerian fintech startup acquired Apposit, a US software company with primary operations in Addis Ababa, Ethiopia. Apposit builds software to power innovative and high impact businesses in Africa.
Eagle Hills, Abu Dhabi-based private real estate investment and development company, launched the first residential tower in Ethiopia's capital, Addis Ababa. This residential tower resides within the 36ha piece of land the company is developing at La Gare (French for "The Station") in Addis.
The Commercial Bank of Ethiopia (CBE) said it collected a revenue of $994 million (31.8 billion birr) in the first half of this Ethiopian fiscal year (2019/20).
Africab Group, the Indian manufacturer of a wide range of electrical products in Africa, is interested in investing in Ethiopia, the company's heads said.
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