Why it’s time for East Africa’s big success story to change the way it does business. BY ROBERT LOONEYAPRIL Just over 30 years ago, Ethiopia’s famine regularly made the news. Gruesome accounts of up to a million deaths stemming from drought and civil war captured the attention of aid agencies, sympathetic governments, and humanitarian groups
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By Lerato Mbele BBC Africa Business Report, Addis Ababa Whenever we set up our camera and flapped open our sun reflectors in Ethiopia’s capital, Addis Ababa, passers-by became curious and eager to help. But getting them to talk on camera was another matter as in general residents of the city are reticent and keep their
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By ISMA’IL KUSHKUSH, NY Times ADDIS ABABA, Ethiopia — The bulldozers, tractors and cranes are busy day and night, paving new roads, building tall glass buildings and constructing a new light rail system to stitch together the city’s ends. In less than five years, the city’s skyline has changed drastically. Above the dust, in a
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By Edmund Blair NAIROBI, Jan 22 (Reuters) – South Africa’s Standard Bank aims to open a representative office in Ethiopia by the end of March, joining others eyeing a fast growing African economy although foreigners are barred from offering commercial banking services there. The office will provide a foothold for the South African bank to
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ANTWERP, Belgium, (Reuters) – The outbreak of Ebola in West Africa is costing Ethiopian Airlines $8 million a month in lost revenue, as the disease is putting travellers off the entire continent, the airline’s chief executive said on Thursday. “For us, the Ebola effect is stronger than any slowdown in the global economy,” Tewolde Gebremariam,
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By Aaron Maasho PARIS, (Reuters) – Ethiopia 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. The deal last year with monopoly state-run operator Ethio Telecom was
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Ethiopia has not been a good example over the decades despite priding itself of not having been colonised. DEVELOP ME WITH TAPIWA GOMO There are number of reasons why the world may not have fairly judged Ethiopia, some of which include the 1984 drought, the incompatibility of their governance to those of the generally acceptable
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Reuters (The following statement was released by the rating agency) PARIS/LONDON, November 07 (Fitch) Fitch Ratings has affirmed Ethiopia’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘B’. The Outlooks on the Long-term IDRs are Stable. The Country Ceiling and the Short-term foreign currency IDR are both affirmed at ‘B’. KEY RATING DRIVERS
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Reuters By Michael Turner and Helene Durand LONDON,(IFR) – The Federal Democratic Republic of Ethiopia has picked BNP Paribas, Deutsche Bank and JP Morgan to arrange a debut US dollar-denominated Eurobond, according to sources. The bond is likely to have a minimum 10 year tenor, according to a source. The banks declined to comment. Ethiopia
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Ethiopian Communication Minister Ato Redwan Hussie talks about investment. He runway from Diaspora without saying anything about the confrontation, ‘domestic tiger’. : http://youtu.be/BtK5gFLz4Lo
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