Fitch Affirms Ethiopia at ‘B’; Outlook Negative Fitch Ratings – Hong Kong – 30 Jun 2020: Fitch Ratings has affirmed Ethiopia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a Negative Outlook. KEY RATING [Read More]
A dozen bidders enter race for Ethiopian operating licence By Harry Baldock, Total Telecom Twelve international firms will battle it out for a way into the Ethiopian market (totaltele)—Having long been a forbidden fruit for telecom’s [Read More]
Due Diligence: Doing deals in Ethiopia – investor shares lessons learnt JACO MARITZON Over the past seven years, investment firm 54 Capital has built a portfolio of assets in Ethiopia’s pharmaceutical and fast-moving consumer goods industries. [Read More]
Immigrants should acknowledge their debt to Black people (crainsdetroit)–I have been blessed to live in this country for the last 30 years. I became a United States citizen in 2001. I co-founded a company before [Read More]
Djibouti announces the creation of the Sovereign Wealth Fund (horndiplomat)—The Republic of Djibouti announces the creation of the Djibouti Sovereign Fund (Fonds Souverain de Djibouti – FSD) following the enactment of a law dated 29 [Read More]
IndustriALL affiliate launches COVID-19 campaign in Ethiopia ADDIS ABABA – (ecotextile)—The Industrial Federation of Textile, Leather, Garment Workers Trade Union has launched a campaign in Ethiopia’s burgenoning garment industry, as it looks to raise awareness [Read More]
Safaricom confirms Ethiopia move (mobileworldlive)—Safaricom formally entered the race to grasp one of two mobile licences set to be issued by Ethiopian authorities, teaming with two undisclosed partners for the bid, business newspaper The Standard reported. [Read More]
Ethiopia – Al Amoudi fires MIDROC CEO Dr. Arega (newbusinessethiopia)—Sheikh Mohammed Hussein Ali Al Amoudi, the Ethiopian born Saudi billionaire today fired Dr. Arega Yirdaw, CEO of the biggest investment group in Ethiopia, Mohammed International [Read More]
How new proposed US restrictions on chip-making equipment will affect Africa (myjoyonlin)–Some senior officials in the Trump administration have agreed to new measures to restrict the global supply of chips to Huawei Technologies, at a [Read More]
(Inbox) “የኢትዮጵያ ንግድ ባንክ ቦርድ ዘረኝነት አይኑን ስለወረው በጥድፊያ እየተወራጨ ነው። (አቶ አቤ ሳኖ የCBE President አድስ በመሆኑ ገና አልደረሰባቸውም) የባንኩ ቦርድ ለዋትሮው በወራት የሚሰበሰብ ቢሆንም በለፉው 1 ወር ባልሞላ እድሜው ውስጥ አምስት ጊዜ ተሰስቧል። [Read More]
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