Power Panel at DCA WebForum voice their thoughts on impact of COVID-19 SME Financing in Africa

DCA WebForum Series 3 Executive Roundtable The Impact of COVID-19 on SME Financing in Africa

The DCA Group hosted an engaging and insightful Executive Roundtable conversation, with Top Industry and Business Leaders and Representatives of SMEs operating in African countries, as businesses and individuals globally seek solutions for the COVID 19 crisis to innovative ways to achieve their goals. The panel of distinguished speakers exchanged expert insights, practical approaches and good practices on the topic: The real effects on the ground for SME’s; the plans that are being implemented to curb further negative effects on the market; future strategies that organizations can rely on to…

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The New Ethiopian Government to address the grievances raised over the issue of diaspora shares confiscated by NBE

Ethiopian birr NBE diaspora shares

Ethiopia’s parliament recently passed a bill to open up the country’s financial sector to an estimated five million citizens living abroad or with dual nationality, including allowing them to buy shares in local banks and start lending businesses. Reports Reuters The changes are part of a raft of economic reforms initiated by Prime Minister Abiy Ahmed when he came to power last year, partly aimed at boosting the country’s foreign exchange reserves, which had dropped precariously low. “The law will enable the Ethiopian born diaspora to take part in the…

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Not coming to Ethiopia to Invest unless central bank rectifies the wrongful appropriation of diaspora shares – Sophia Bekele Eshete

Not coming to Ethiopia to Invest unless central bank rectifies the wrongful appropriation of diaspora shares – Sophia Bekele

The monies and profits confiscated from the sale of the diaspora shares should be returned in full Op-Ed By Sophia Bekele Eshete, Addis Fortune | July 20, 2019 The National Bank of Ethiopia (NBE) passed a guideline about relinquishing shares in banks owned by foreign nationals of Ethiopian origin in 2016. The majority of the public, particularly the intellectuals and legal experts who understood what happened with the sale of the shares by the central bank and the financial institutions, know that it was a huge mistake. Various voices have…

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Ethiopians in diaspora allowed to invest in banking, insurance sectors after a precedence setting court victory in 2017 by Sophia Bekele

“Sophia took up the gauntlet and headed to the court to vindicate her right” The National Bank of Ethiopia (NBE), the agency in charge of regulating the financial sector of the country, will soon introduce a new regulation that will allow Ethiopians in the diaspora to invest in the financial sector that includes banking, insurance and micro finance. The Council of Ministers during its extraordinary meeting approved the Draft Banking Business Proclamation, allowing Diaspora citizens to establish banks in Ethiopia. This was indicated by Yinager Desse (PhD), Governor of NBE,…

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Sophia Bekele honoured with Champion of Development Award at the 2018 AfricaLink Solidarity Awards in Switzerland

Sophia Bekele, Founder and CEO of DotConnectAfrica Group, has been honoured with Champion of Development Award during the 2018 AfricaLink Solidarity Awards and symposium in Switzerland  for her initiative Miss.Africa Digital Initiative which hundreds of young women and girls have benefited from through training opportunities or applications supported by the Miss.Africa Seed Funding. Three other leaders and two organizations we also awarded during the same ceremony, they are: Mr. Léonard H. Bindzi, Mr. Osvaldo dos Santos Varela, Ms. Claudinah Ntini Ramosepele while the two organisations are Fund for Development and Partnership…

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Bekele calls for the business world to balance between profit and social impact at the 2018 EurAfrican forum in Portugal

To build its social capital,”The world needs to find the right balance between profit and social impact”. Sophia Bekele Founder & CEO of DotConnectAfrica Group Joined other distinguished speakers at the one-day exclusive High-Level 2018 EurAfrican forum held under the High Patronage of the President of the Portuguese Republic, Marcelo Rebelo de Sousa and the Government of Portugal who pleaded for a “sustainable” strategy for Europe and Africa that builds bridges between the two continents This year’s forum which was organized by special invite, is themed “Crafting Coalitions for Change,…

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UN CSTD: Next generation tech-preneurship will be led by Teenpreneurs, Bekele

Start-ups need to stridently move from talking the blue-print to tangibles in the tech space and that next generation tech-preneurship will be led by #Teenpreneurs, who have it in their DNA . The 21st Commission on Science and Technology for Development  UNCSTD was held at the United Nations HQ, Palais des Nations, Geneva, from Monday, 14 May to Friday, 18 May 2018. Among the distinguished speakers sat in a high level panel included Sophia Bekele Founder & CEO of DotConnectAfrica who discussed the impact of rapid technological change on the…

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DotConnectAfrica founder, Sophia Bekele, wins monumental court case against National Bank of Ethiopia

Photo: DCA Founder and CEO Sophia Bekele speaking during the African Women’s Forum Special Program, Crans Montana Forum, #CMF17 Barcelona (Spain). Sophia Bekele, an Ethiopian native with American nationality has won a milestone legal battle against Ethiopia’s Central Bank – that is the National Bank of Ethiopia – whose decision led her to lose shares she inherited from her late father, the Founder of both United Bank and United Insurance,  at an undervalued rate at both institutions. Ms. Bekele, a global entrepreneur and the CEO of DotConnectAfrica (DCA) Group – one…

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UNESCO LearningCities2017: Sophia Bekele Spoke on Learning throughout life For Sustainable Development of Cities

Sophia Bekele

PHOTO: Sophia Bekele Speaking on the third International Conference on Learning Cities at Cork City, Ireland Learning cities are a crucial driver in the achievement of the 2030 Agenda for Sustainable Development, advocates UNESCO. Among the set SDG targets is a goal to achieve inclusive and equitable quality education for all which requires increasing efforts, especially in sub-Saharan Africa and Southern Asia and for other vulnerable populations. Based on this, the third annual UNESCO ‘Learning Cities Conference’ that took place in Cork City  Ireland, was a real game changer for…

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#SheTechsAfrica: Miss.Africa Seed Fund Announces its 2016/17 Prize Winners

Closing the global digital gender divide is a pressing concern. Women are yet to reach their full potential as participants in all aspects of society. Closing this digital gender gap can help empower women and girls to actively participate in governance as civil society members and political leaders. The Miss.Africa digital Program, a Pan-African trust program of DotConnectAfrica (DCA) , is aimed in attracting more young girls and women to the Internet platform to enable them form a sizable demographic of Internet users in Africa, thereby involving them in complementary…

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