Business Info ETH

2021-10-02 13:22:55 Top newspapers headlines for today:-

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2021-10-01 10:27:10 Exchange Rate for October 01,2021

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2021-10-01 09:54:34 Nigeria to Become First Country in Africa to Launch Central Bank Digital Currencies

The Central Bank of Nigeria’s eNaira website has gone live ahead of schedule. And, in the 24 hours following the launch, it received more than a million hits.

The CBN stated that eNaira – a central bank-issued digital currency that provides a unique form of money denominated in Naira – would serve as both a medium of exchange and a store of value, offering better payment prospects in retail transactions when compared to cash payments.

http://lnkiy.in/VNQyI

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2021-10-01 09:53:47 Andela is Finally a Unicorn, Now Expect Acquisitions

Andela, the talent epicenter of Africa’s tech revolution has raised $200 million from SoftBank’s Vision Fund 2, with the participation of Whale Rock, an American investment firm.

Generation Investment Management—the Al Gore firm that led a $100 million round in 2019—and the Chan Zuckerberg Initiative, which first invested in 2016, also backed this Series E round that values Andela at $1.5 billion.

Startups like Decagon (Nigeria), Gebeya (Ethiopia), and Moringa School (Kenya) took up developer training after Andela exited that line of business in Africa. Are they on Acquisition radar?

http://lnkiy.in/slQ1Y

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2021-10-01 09:10:31 #Ethiopia: 7 Key Things a Company Should do Before Tax Audit By: Tigest Geremew

The tax audit process in Ethiopia is the most challenging process for business owners.

The most common reasons to be called in for a tax audit include a) Time - If a company operates for 5 years without being audited, the tax office deem the company to be high risk and b) when the tax office is tipped off to investigate a company. There are a number of actions business owners can take to minimize the burden of a tax audit.

Read here for the details http://vortexteam.lnkiy.in/xkz0h

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2021-09-30 15:07:55 Digital INVEA

The FDRE Immigration Nationality and Vital Events Agency, has taken on the strategy of Digital Services.

An app is developed and goes live that you can access using your mobile phone. Take 5 minutes of your time to apply and have your documents delivered to you, in 2 Weeks.

• Passport Services: Apply for New Passport, Renew Your Passport
• Origin ID: Apply for Origin ID and Renew Your Original ID
• Laissez Passer (Coming Soon)

Check her for more info https://digitalinvea.com/

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2021-09-30 14:38:53 #Ethiopia: Ministry of Mines and Petroleum Provides 6 Major Mining Licenses to 6 Companies

The agreement was signed by the Minister of Mines and Petroleum, His Excellency Takele Uma, and the executives of the companies.

The companies have been licensed to complete the exploration and make the necessary arrangements.

• Kurmuk Gold Mining, Itno Mining and Oromia Mining Companies have been licensed to produce gold.
• Ali Hamil Khadim is licensed to produce bromine and chlorine.
• Crypto Mining and Chemicals and Bhumi Mining companies have also been licensed for marble production.

The companies have invested over $ 4.7 billion and will create jobs for more than 1,300 Ethiopians.

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2021-09-30 14:04:02 Ethiopia Among Bottom Five Countries in Latest Digital Quality of Life Index Issue

The Digital Quality of Life Index series, also known as DQL has released its third annual issue.

Kenya ranks 2nd in Eastern Africa, surpassing Zambia, Tanzania, and Ethiopia and 3rd in Africa. The country has the best e-infrastructure regionally, as the study suggests that around 85% of individuals use the internet in Kenya.

Denmark ranks 1st in DQL for the second year in a row and is closely followed by South Korea. Finland ranks 3rd, while Israel and the U.S. round out the top five of 110 nations that were evaluated.

The bottom 5 countries are Ethiopia, Cambodia, Cameroon, Guatemala, and Angola.

https://techweez.com/2021/09/29/digital-quality-of-life-index-2021-report/

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2021-09-30 13:51:29 Did You Know? The Highest and Lowest Point of Africa is Considered to be in Ethiopia

Both the highest lands of Africa and the lowest point of the continent situated below the surface of the earth are in Ethiopia.

The Simien Mountains, a National Park and UNESCO site, reach over 4,653m and are considered the roof of Africa.

The Danakil Depression is a surreal landscape rich in geothermal features. This area is well known by Erta Ale (one of the five volcanoes in the world with a lava lake at the summit), Dallol (a hydrothermal field located in a remote part of the northern Danakil Depression which is also the hottest place on earth with average annual temperatures well above 30 deg C), Tourism Ethiopia study indicated.

Ethiopia Landscapes/ Natural Scenery offers limitless possibilities to Tourism business.

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2021-09-30 12:09:23 Professor Atalay Ayele honoured by American Geophysical Union (AGU), Earth and space sciences community on the 2021 International Award.

The award given to Prof. Atalay Ayele is in recognition for making an outstanding contribution to furthering the Earth and space sciences and using science for the benefit of society in developing nations, Susan Lozier, AGU President wrote.

According to the President of AGU, Prof. Atalay Ayele has made outstanding achievements and contributions by pushing the frontiers of science forward.
(AAU)

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