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
The post South Africa’s Standard Bank to open rep office in Ethiopia appeared first on 6KILO.com.
By Jeffrey Cavanaugh As a frontier market, the countries of Africa represent both tremendous opportunities and tremendous risks. On the risk side of the ledger are all the usual complications of international trade and investment compounded by the problems inherent in a developing, emergent continental market consisting of 54 countries and 1.1 billion people –
The post FOREX Africa: Is 2015 Ethiopian Birr’s Time To Shine? appeared first on 6KILO.com.
By Jacey Fortin in Addis Ababa Low costs attract investors, but there are many obstacles to the country’s industrialisation. The Ethiopian government is pouring resources into industrialisation in an effort to break into global markets. In the near future, everybody will produce the right products to fit the international market But, in a country
The post Investment: Made in Ethiopia appeared first on 6KILO.com.
The National Bank of Ethiopia (NBE) is on the process of establishing its own banknotes and security printing factory to print cash locally. The Bank announced a tender two weeks ago to hire an international consultancy firm to conduct a feasibility study for the printing plant on the state owned daily newspaper, The Ethiopian Herald.
The post NBE to Print Banknotes in Ethiopia appeared first on 6KILO.com.
Landmark Deal Caps a Record Year for Frontier Market Debt Issuance By Ben Edwards The Wall Street Journal Ethiopia completed its debut dollar bond sale on Thursday, capping off a record year for frontier market debt issuance. The 10-year bond priced to yield 6.625% and raised $1 billion, according to one of the banks working
The post Ethiopia Completes Debut Dollar Bond Sale appeared first on 6KILO.com.
Landmark Deal Caps a Record Year for Frontier Market Debt Issuance By Ben Edwards The Wall Street Journal Ethiopia completed its debut dollar bond sale on Thursday, capping off a record year for frontier market debt issuance. The 10-year bond priced to yield 6.625% and raised $1 billion, according to one of the banks working
The post Ethiopia Completes Debut Dollar Bond Sale appeared first on 6KILO.com.
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,
The post Ethiopia’s bond offering rated by Moody’s and S&P appeared first on 6KILO.com.
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
The post Ethiopia eyes debut bond deal tomorrow appeared first on 6KILO.com.
By Andualem Sisay, The East African From thousands of kilometres of railways and highways to mega dams to tens of thousands of partially government-sponsored houses to cobblestone roads, Ethiopia is a nation under-construction. About a fifth of the 10.3 per cent growth registered in the 2013/14 budget year was attributable to construction activity, according to
The post Where will huge state investments lead Ethiopia? appeared first on 6KILO.com.
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
The post Ethiopia issues unfamiliar investor warning over war and famine appeared first on 6KILO.com.