By Sarah Owermohle, CPI Financial Moody’s has assigned a provisional (P)B1 rating to Ethiopia’s upcoming dollar-denominated bond offering, while Standard and Poor’s (S&P) has assigned it a ‘B’ rating. The bond, Ethiopia’s first issuance in international markets, will fund Government capital expenditures, including development of the sugar and energy industries and general budgetary expenses,
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Financial Times Ethiopia is planning to issue its first eurobond tomorrow after finishing off an investor roadshow in New York today, and will become the second-poorest country on record to tap the international debt market. Ravenous demand for higher-yielding debt has encouraged a slew of countries previously shut out of international bond markets to issue
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Financial Times By Javier Blas Every country tapping the global sovereign bond market details the dangers investors face in its prospectus, often in a boilerplate section enumerating possible problems – such as fiscal deficits or taxation issues – that is largely ignored. But the document sent by Ethiopia to international investors ahead of its foray
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FT-Ethiopia could be the latest African country to tap international bond markets for the first time, after mandating Deutsche Bank and JPMorgan to take it on a roadshow to meet investors this week. Ethiopia is one of the poorest countries in the world, with a gross domestic product per capita of just $1,240 (adjusting for
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7Even: http://youtu.be/d7p5GhUypso (Wbaltv)- Baltimore business faces multimillion-dollar lawsuit from 7-Eleven Convenience store chain files suit against 7-Even claiming trademark infringement Ethiopian Store owner face a Multimillion dollar lawsuit BALTIMORE —A Baltimore business is facing a multimillion-dollar lawsuit filed by the owner of the 7-Eleven convenience store chain. The Texas corporation said in its 13-page lawsuit
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By Farai Gundan Farai Gundan ( Forbes)-Named one of the 20 Youngest Power Women in Africa in 2011 by FORBES, celebrated Ethiopian entrepreneur, Bethlehem Tilahun Alemu launched her first US offering at the beginning of this month; a flagship store of her eco-friendly shoe brand, SoleRebels, in Silicon Valley, California. The Ethiopian shoe brand’s first
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BBC By James Jeffrey Murad Hiyare, one of Tomoca’s experienced baristas, plying his trade Tomoca now has five cafes across Addis Ababa Traditionally it takes rather a long time to be served a cup of coffee in Ethiopia – but things are now speeding up. As coffee plants originate from the east African nation –
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By Alex Court and Lillian Leposo (CNN) – The steady hum of sewing machines fills the air inside a large glovemaking factory on the outskirts of Addis Ababa, the bustling Ethiopian capital. Patches of leather move through an array of working stations as busy laborers work feverishly to meet the company’s export quota: 5,000
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The East African As state-owned enterprises in Ethiopia continue expanding in the economy with huge investments, the World Bank advised the government to improve transparency and credibility of information. “As the country plans to become a middle income country, consistency, transparency and credible information about state owned enterprises are very, very important,” said Sri
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Press Release Crown Plaza Addis Ababa coming soon InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, has signed a management agreement with Tsemex Hotels and Business Plc to develop Crowne Plaza Addis Ababa. The 210-key hotel represents the entry of IHG into Ethiopia and adds to the company’s growing presence in Africa.
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