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Ethiopia’s Economy Benefits from Returning Diaspora
Boston Spa
At a salon in Ethiopia’s capital, Addis Ababa, customer Erica Kanesa relaxes in a leather chair.
“I’m just doing manicure and pedicure,” she says, leaning her head back while a beautician works on her nails.
Spa businesses in Ethiopia are thriving because the country’s middle class is expanding, and also because of the efforts of one man.
Tadios Getaco (should be Getachew) Belete...
IMF Warns Depriving Private Sector Unbalances Development
Jan Mikkelsen, Country Representative of the IMF
Advises government to slow down public investment, maintain tight monetary policy.
Addis Ababa, Ethiopia - An expanding public expenditure coupled with the government’s tight monetary policy, intended to bring inflation down to single digits, could imbalance macroeconomic development by depriving the private sector access to credit and foreign currency,...
Morgan Stanley and IFC Invest in eleni LLC
Dr Eleni Gabre-Madhin
NEW YORK & WASHINGTON & ADDIS ABABA, Ethiopia--(BUSINESS WIRE)– eleni LLC, a newly formed company led by CEO Dr. Eleni Gabre-Madhin, announced today that Morgan Stanley and IFC (International Finance Corporation) have both agreed to make an equity investment in the Nairobi, Kenya-based company which will incubate and support the formation of commodity exchanges across...
Ethiopia: an African lion?
A woman working in a Chinese shoe factory in Dukem, Ethiopia. Credit: Getty
Addis Ababa, Ethiopia – Returns of thirty per cent a year sound too good to be true, but that’s what it is claimed you can earn by investing in this rising nation. Local businesses say they are booming, meanwhile foreign investors are jostling for opportunities.
So where can these incredible profits be made? The...
IMF projects 6.5% economic growth for Ethiopia
Addis Ababa, Ethiopia - The International Monetary Fund (IMF), global financial body, projected that the Ethiopian economy growth will slow to 6.5 percent in this fiscal year unless there’s more private-sector involvement in infrastructure projects.
The IMF statement released on October 1 indicated that an increased role of the private sector to leverage the large public infrastructure investment and...
EIA Eagre to Attract 1,500 Int’l Investors
Addis Ababa, Ethiopia - The Ethiopian Investment Agency (EIA) is looking forward to attracting 1,515 foreign investors with a combined capital of 103.7 billion Br in the 2012/13 fiscal year alone.
The Agency has outlined its strategic plans for the current fiscal year in July 2012, to go hand in hand with the government’s five year Growth and Transformation Plan (GTP) . The current plan is a 25pc...
High time for exploring opportunities in Ethiopia, says Henock Assefa
Addis Ababa, Ethiopia – Precise Consult International PLC (PCI), a premier consulting firm operating in Addis Ababa and New York City, is to link 200 foreign CEOs with 200 local CEO next Wednesday before the upcoming World Economic Forum is in full swing the following days. Henok Assefa, PCI managing partner spoke to The Reporter’s Hayal Alemayehu about the significance of the event and...
