The Local As H&M expands into Ethiopia, Sweden’s state venture capital unit Swedfund has announced that it will back the clothing giant, in a move hoped to create more jobs for local women. The partnership, which is set to kick off in autumn this year, will see Swedfund injecting 60 million kronor ($8.6 million)
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Xinhua Addis Ababa- The Ethiopian Airlines on Monday commenced its new flights to Madrid, Spain, which has become the 10th European destination of the airliner. Ethiopian flight to Madrid is operated through Rome and has brought the number of the airline’s international destinations to 83 across five continents. The flights, three times a week, will
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Xinhua Addis Ababa- The Ethiopian Airlines on Monday commenced its new flights to Madrid, Spain, which has become the 10th European destination of the airliner. Ethiopian flight to Madrid is operated through Rome and has brought the number of the airline’s international destinations to 83 across five continents. The flights, three times a week, will
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By JENNY VAUGHAN, AFP ZIWAY – Beyond the donkeys on a potholed road in southern Ethiopia is an unexpected sight—vineyards bursting with merlot, syrah and chardonnay grapes ripening in the African sun. The scene is more reminiscent of France’s Beaujolais region than this corner of the Horn of the Africa, which for many still conjures
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Brookings By Temesgen Deressa and Amadou Sy Last month, Moody’s Investors Service assigned a debut sovereign rating of B1 to the government of Ethiopia. A B1 rating is equivalent to a B rating in Fitch Ratings’ scale, which is the agency that rates most African sovereigns. The rating puts Ethiopia on par with Rwanda
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Brookings By Temesgen Deressa and Amadou Sy Last month, Moody’s Investors Service assigned a debut sovereign rating of B1 to the government of Ethiopia. A B1 rating is equivalent to a B rating in Fitch Ratings’ scale, which is the agency that rates most African sovereigns. The rating puts Ethiopia on par with Rwanda
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EthiopianAirlines Ethiopian has won the 2014 Airline Reliability Performance Award from Bombardier Aerospace, the airline announced. The award was given to Ethiopian for achieving an average dispatch reliability rate of 99.4 percent, making it first in the overall Q-400 product category for the Middle East and Africa region. The award recognizes the skill and dedication
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Wsj.com Addis Ababa – For private-equity giant KKRKKR +1.24%, a debut investment in Africa smells of sweetheart roses. Afriflora is an Ethiopian company that grows about 730 million of the flowers a year for export to Europe, making it a significant player in the east African country’s blossoming cut flower export industry. KKR is investing
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By Alexis Akwagyiram BBC Africa Workers at Pittards, a UK leather goods factory outside of Addis Ababa (BBC) Several African countries have enjoyed economic growth in recent years – but there are fears that a failure to develop manufacturing could prove to be costly. “Made in China” is a stamp that is ubiquitous and can
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Reuters Ethiopia may delay plans to join the World Trade Organisation in 2015 if the country is required to liberalise its tightly regulated telecoms and banking industries sooner than it would like, the trade minister said. Kebede Chane told lawmakers late on Tuesday that member countries had raised dozens of questions with Prime Minister Hailemariam
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