Ethiopia's business landscape is dynamic, with significant developments across various sectors. This article highlights some of the key recent events and announcements shaping the Ethiopian economy.
Jemal Ahmed Honored at African Business Leadership Awards
Dr. Jemal Ahmed was honored during the 15th edition of the African Business Leadership Awards (ABLA), positioning him among Africa’s most influential industrial figures. The honor recognizes Jemal’s impact and leadership in the business sector. Despite MIDROC’s significant presence in the region, Dr. Jemal Ahmed has long maintained a low profile.
Organized by African Leadership Magazine as part of the Africa Summit London, the ceremony convened policymakers, investors, and thought leaders from across the continent and the UK. The ABLA awards are determined through a rigorous four-stage process:
- Public nomination
- Editorial screening
- Online voting
- Verification of institutional impact
Jemal’s recognition is particularly timely, as Ethiopia’s private sector is being encouraged to take on greater responsibility in driving growth, job creation, and economic resilience.
Ride to Introduce Food Delivery Service
Ride, one of the leading ride-hailing services in Ethiopia, is preparing to launch a new food delivery service to its customer base. This expansion indicates a growing trend of diversification among Ethiopian tech companies to meet consumer demands.
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ZayRide Announces Change in Ownership
On-demand ride-sharing company ZayRide has announced a change in ownership to facilitate its transition to a public company. This move signifies a maturing of the ride-hailing market in Ethiopia and a desire for greater public participation in these businesses.
Ethiopia's Natural Resource Potential
Ethiopia is rich in natural resources, including gold, silver, copper, oil, and gas reserves. They emphasized the necessity for better use and management of the nation’s water resource.
Top 10 best Business Opportunities in Ethiopia 2024
Target Revenue from Animal Goods
In the next ten years, Ethiopia targets earning $7 billion revenue from the sale of animal goods. This ambitious goal underscores the importance of the agricultural sector to Ethiopia's economy.
| Sector | Target Revenue (Next 10 Years) |
|---|---|
| Animal Goods | $7 Billion |
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