Introduction In a recent announcement by the National Bank of Ethiopia (NBE), it has been revealed that five foreign banks will be granted licenses to conduct business in the country. The primary objective behind this initiative is to attract foreign investment while concurrently promoting the growth of domestic financial institutions. Reviews from...
Sole Proprietorship Vs One-Member Private Limited Company The new commercial code proclamation number 1243/2021 in Ethiopia makes it easier for entrepreneurs to start and operate a business. One of the common choices for small businesses is deciding between a sole proprietorship and a one-member private limited company. A sole proprietorship is the...
Five Star Consultancy Services Private Limited Company has learned that the Ministry of Trade and Regional Integration (MoTRI) is working on revising a two-decade-old law to re-establish a proclamation for the Chamber of Commerce. The new law will include the industry sector, which has been warmly received by industry actors...
AI is on track to be the next big global technology shift, and in Africa, it has the ability to transform the way businesses are run and society’s function. Mustapha Zaouini, the Chairman of AI in Africa, said the continent is now exploring AI to solve pressing issues such as...
For all those who want to participate in the fourth round of training for small and medium enterprises. The Ethiopian Development Bank is expanding its reach and increasing the number of districts from 12 to 24 and the number of branches to 108. It has completed its preparation to give training...
