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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* Entry of drinks firms helping to transform business landscape * Competition has driven down beer prices, improved supply * Government keeps foreigners away from telecoms, banks By Aaron Maasho and Edmund Blair ADDIS ABABA, April 1 (Reuters) – International brewers are helping transform Ethiopia’s business landscape as it slowly sells the assets of the
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By William Davison (Bloomberg) — Ethiopia will develop a secondary market in government and corporate bonds next fiscal year to expand the country’s fundraising options, a central bank official said. The National Bank of Ethiopia will create the market in the year ending July 7, 2016, Yohannes Ayalew, vice governor of monetary stability, said
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This Week on the Frontiers: Ethiopia’s Appeal Grows By DAN KEELER Ethiopia has been generating a great deal of interest from potential investors. At a PAN Africa Network event in New York this week, panelist John Saunders said U.S. investors on a recent African tour singled out Ethiopia as a country that has positive fundamentals
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By Anders Heede of BDO, FT Many emerging markets, especially in sub-Saharan Africa, have seen solid GDP growth in the past decade driven mainly by natural resources. But with falling commodity prices and Chinese demand dwindling, those with overly resource-dependent economies are being caught. Companies seeking to invest in emerging markets should be on the
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Diageo, the world leader in alcoholic beverages, has been facing tough circumstances recently in their traditional markets. For one, they have been losing share in the U.S., which accounts for over 20% of net sales and 45% of profits, on account of uneven economic growth, lack of price competitiveness, and changes in consumer preferences. Second,
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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 ADDIS ABABA, Feb 4 (Reuters) – Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said. The launch of the services, which allow customers to make payments or receive money
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WORLD BANK ADDIS ABABA, January 27, 2015 – Ethiopia has averaged a 10.7% economic growth rate over the last 10 years, more than double the annual average of countries in Sub-Saharan Africa, which was around 5.2%. However, despite having a huge potential to contribute to Ethiopia’s economy, the development of oil, gas, and mineral resources
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NAIROBI (Reuters) – Private equity firm Ascent Capital wants to increase its east Africa fund to $60 million by mid-2015 from $50 million it has raised so far and plans to announce completion of its first investment in about two weeks, a partner said on Monday. Ascent is one of several private equity firms to
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