Ethiopia: Latest News
Dana Sanchez, 5:04 pm
Old Mutual, which started in South Africa more than 100 years ago, is building its operations on the continent as emerging markets contribute the bulk of the insurer’s earnings.
Dana Sanchez, 12:17 pm
Delonex plans to focus mainly on Ethiopia, Kenya, Uganda and Central Africa since the region is still in its early days of exploration, the company says.
Dana Sanchez, 2:46 pm
The return on investment in Africa is always very high, says Aliko Dangote, Africa’s richest billionaire. “You are talking about 30 percent and above. And I don’t really believe that anybody who is serious about business should miss out.”
Dana Sanchez, 10:13 am
“(Fund managers) are actually paid to invest money according to their principles, so how can they justify ignoring one billion people in the world’s fastest-growing markets?” rock star and investor Bob Geldof said in a report.
Dana Sanchez, 5:25 pm
Ethiopia wants to boost power production fivefold by 2015. The U.S. agreed in June to negotiate project deals with private-sector developers. USAID’s programs in Ethiopia have seen remarkable results but Ethiopia wants to eventually eliminate the need for aid, a report says.
Dana Sanchez, 11:48 am
Senegal is pledging to expand access to credit for small farmers, better target seed and fertilizer subsidies, tackle corruption and offer tax exemptions to its value-added tax system
Dana Sanchez, 12:34 pm
Ethiopia’s economy is expected to grow by 10 percent this year, higher than the 6.5 percent growth forecast given by the International Monetary Fund, a report says.
Dana Sanchez, 11:35 am
Shipping a car from Japan to Abidjan costs $1,500, while shipping that same vehicle from Addis Ababa to Abidjan would cost $5,000,according to African Development Bank.
Dana Sanchez, 11:05 am
The O3b satellites could take a country like the Democratic Republic of Congo from being one of the most poorly-connected on Earth to one of the best, a report said.
Makula Dunbar, 12:44 pm
The number of mobile internet devices is set to out number humans by the end of this year. There’ll be more smartphones and internet-connected tablets and monitors than there are people on the planet.
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