Zare Journal

Cloud 251, a leading technology company, participated in the Alpha Expo Micro Accelerator Cohort at the African Fintech Summit in Nairobi from September 4th to 6th, 2024. The summit, a global initiative dedicated to fostering the growth of African fintech, provided Cloud 251 with an opportunity to showcase its innovative solutions and network with potential partners and investors. https://lnkd.in/dgeC8Bc3

UNICEF and LIXIL announced today the extension of their partnership until 2027, to expand, intensify and reach more communities with safe, clean toilets and hygiene solutions. https://lnkd.in/d43uPmtR

Tecno Mobile celebrated the Ethiopian New Year with a grand event on September 7, 2024, at the Marriott Hotel, Ivy Lounge. The highlight of the evening was the launch of the brand's latest smartphones, the Tecno Phantom V2 Flip and Fold, and the Camon 30s Pro. https://lnkd.in/dusy7u73

Innovative technology brand TECNO today teased its groundbreaking PHANTOM ULTIMATE 2 – an ultra-thin tri-fold concept smartphone that reimagines the large-screen experience in a pocket-sized device. https://lnkd.in/dgPc7Kkp

Gebeya, announced a strategic partnership with Pluralsight, a global digital learning platform. The collaboration aims to empower African tech professionals with the skills needed to thrive in the digital age. https://lnkd.in/dT7fMG2u

In the ever-evolving world of smartphones, the Tecno CAMON 30 Pro 5G emerges as a trailblazer, seamlessly blending fashion, lifestyle, and cutting-edge technology. #Ad https://lnkd.in/d8S7CwBy

Ethiopia has signed a Memorandum of Understanding (MoU) with DAR, an international consulting firm, to design its new $6 billion airport. The mega-airport, set to be the continent's largest, will be constructed in Bishoftu, Oromia region. https://lnkd.in/dKaUwVgC

In a major development, the International Monetary Fund (IMF) has approved a $3.4 billion loan to support Ethiopia's economic reform agenda. The four-year Extended Credit Facility (ECF) aims to address macroeconomic imbalances, restore debt sustainability, and lay the groundwork for inclusive growth. https://lnkd.in/dqn49v2X

Ethiopia's recent decision to float its currency, the birr, marks a significant departure from its longstanding exchange rate management. While the move is intended to address chronic foreign currency shortages, stimulate economic growth, and attract foreign investment, it is a high-stakes gamble with potential pitfalls. https://lnkd.in/dVjghz9j

Ethiopia's economic landscape is at a pivotal juncture. The nation must carefully consider its currency management strategy as it navigates the complexities of global markets and domestic challenges. Traditionally, Ethiopia has operated under a managed floating exchange rate system, offering a degree of flexibility while maintaining some government control. https://lnkd.in/dPtBi2N4