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Fri,17Nov2017

Ethiopia

Investment: Made in Ethiopia

Almeda Textiles benefits from low overhead costs, but is limited by challenging logistics. Photo©USAID AE TRADE HUBLow costs attract investors, but there are many obstacles to the country's industrialisation.

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The agile bed-ridden president runs

From Ghana's election sleuths, John Kerry's conundrum, Algeria's surprisingly agile bed-ridden president, to Ethiopian students protesting against the import of a "globally fluent" city, yours truly brings you a mix of insider political gossip and backstory tidbits.

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Lessons in tough love from Ethiopia

It seems obvious, but national leaders have a duty to play all competing interests off against another, to get the best outcome for the country. No permanent friends, just permanent interests, and all that.

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Ethiopia: Ericsson snatches more than half of China's ZTE telecom deal

Swedish telecommunications group Ericsson has agreed to takeover more than half of China's ZTE Corporation's project in Ethiopia.

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Ethiopia plans to expand energy and industry with Eurobond funds

Ethiopia plans to expand industry, sugar factories and power production using proceeds from its oversubscribed debut Eurobond that raised $1 billion, the finance minister said on Tuesday.

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Our mission is to help small companies - Jean Philippe Prosper

Jean Philippe Prosper, Vice-president for sub-Saharan Africa, Latin America and the Caribbean, International Finance Corporation. Photo/Vincent Fournier for JAWhile the IFC finances large multinationals in Africa, it is also helping smaller African countries to find a place in national and international value chains.

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Ethiopia's $1bn eurobond oversubscribed on debut

Ethiopia has declared that its debut on the Eurobond market was a success after its $1 billion bond was oversubscribed by 260 percent last Thursday.

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Ethiopia eyes record coffee exports

Photo©ReutersThe head of Ethiopia's exporters association says the East African country expects coffee exports for its 2014/15 crop to hit a record high because of drought and disease stifling crops in Latin America.

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Ethiopia starts marketing debut Eurobond with 6.75 percent yield

Ethiopia has begun marketing its debut, 10-year Eurobond with a yield of 6.75 percent, Thomson Reuters news service IFR reported on Wednesday, the latest African sovereign to make a foray into the international debt markets.

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Vitol places lowest offer in Ethiopia oil product tender

European oil trader Vitol is likely to clinch a term deal to supply nearly 1.2 million tonnes of oil products into Ethiopia for next year, industry sources said on Wednesday.

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Health: Ethiopia seeks world record in mass HIV testing

Photo©ReutersMore than 3,300 Ethiopians on Sunday took part in voluntary HIV testing in what organisers hope is a record-breaking feat.

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Ethiopian Airlines secures ING loan for new aircraft

Photo©ReutersEthiopian Airlines has secured a $41.4 million seven-year loan from ING Capital LLC for the acquisition of two Boeing 777 cargo aircraft, the airline revealed on Thursday.

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Ethiopian Airlines eyes African aviation liberalisation in 2015

Tewolde Gebremariam, CEO of Ethiopian Airlines, says heavy taxation and poor infrastructure, meant African carriers had not developed as fast as they shouldEthiopian Airlines hopes a decision to open up intra-African aviation routes will be fully implemented in 2015, the airline's chief executive said on Thursday.

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Ethiopia: China's ZTE could lose part of $800 million telecoms deal

Photo@ReutersEthiopiaAddisAbabaEthiopia has told Chinese telecoms firm ZTE Corp it risked losing part of its deal worth $800 million to expand the nation's network because of differences over costs of upgrading existing systems, an Ethiopian minister and executive said.

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East African providers race to develop new 4G networks

Photo©ReutersKenya had looked likely to be first out of the blocks at bringing high-speed 4G mobile internet connectivity to East Africa, but it has fast been overtaken by its neighbours.

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Killing their people softly in South Sudan

Indifferent to the sufferings of their own people, rebel leader Riek Machar and President Salva Kiir continue to stall peace.

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Samsung expects squeeze in African growth

Samsung Electronics expects its recent stellar revenue growth in Africa to slow sharply this year as the continent begins to succumb to the delayed effects of global economic weakness.

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Africa's economy set for dramatic changes – Carlos Lopes

Carlos Lopes, executive secretary of the Economic Commission for AfricaAs well as identifying countries holding enormous industrialisation potential, Carlos Lopes, executive secretary of the Economic Commission for Africa, elaborates on the right policies for industrialisation and the role the private and public sectors can play, as addressed by the 2014 Economic Report on Africa.

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Commodities: Bouncing beans, limp cotton

As a global cotton glut sends prices tumbling, cocoa, coffee and soy beans have continued to perform relatively well in 2014.

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Equity: A taste for chicken

Funds are investing in businesses that can meet the rising demand for poultry south of the Sahara.

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