Ethiopia: Latest News
Dana Sanchez, 3:16 pm
A third of African countries have economies growing by more than 6 percent and almost half of them – 26 out of 54 – are now considered middle income countries, according to a new report by African Development Bank. This growth was driven by the private sector. Looking ahead, growth will rely on regional economic co-operation […]
Makula Dunbar, 2:42 pm
Last Wednesday, the foreign ministers of Ethiopia (Tedrose Adhanom PhD) and Djibouti (Mohamed Ali Youssouf) signed and an agreement that would grant Djibouti power system interconnection access once Ethiopia’s Grand Renaissance Dam project reaches completion, All Africa reported.
Dana Sanchez, 2:44 pm
Sub-Saharan African will need more than $300 billion to achieve universal access to power by 2030, according to a report by the International Energy Agency.
Makula Dunbar, 12:21 pm
The International Monetary Fund has urged the Ethiopian government to allow more private investment in areas of the economy that it normally controls as a monopoly. A visiting IMF mission has for the last two weeks been meeting with several top government officials to discuss the country’s economy.
Dana Sanchez, 11:36 am
U.S. and African officials plan to meet in August in Addis Ababa to assess trade growth. They should push to drop complex tariffs, needless checkpoints and other customs barriers that impede cross-border trade, an editorial suggests.
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.
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