Southwest Holdings Expands its Investments

Tewodros Ashenafi

By Kaleyesus Bekele, The Reporter SouthWest Holdings is an Ethiopian investment group comprising SouthWest Development, SouthWest Energy, and SouthWest Technologies, among others. It is also in the process of establishing SouthWest Foundation. Kaleyesus Bekele of The Reporter sat down with Tewodros Ashenafi, chairman and CEO of SouthWest Holdings, in his Addis Ababa office and discussed the […]

Business roundtable at the Ethiopian Embassy in London

Ethiopian Embassy UK

PRESS RELEASE London, UK- The Ethiopian Embassy in collaboration with Pace Group hosted a business roundtable on investment  opportunities in Ethiopia. The event brought together UK companies working in Ethiopia and potential investors to discuss the enabling investment environment in Ethiopia, which has become one of the emerging investment destinations in Africa. H.E. Greg Dorey, […]

It’s Ethiopia’s Time

Zemedeneh Negatu

Zemedeneh Negatu is the Managing Partner of Ernst & Young in Ethiopia and Head of Transaction Advisory Services. He has a wide variety of clientèle including prominent investors from Africa and the Middle East. Here in Ethiopia, he was instrumental behind the acquisition of Meta Brewery by Diageo and Ethiopian Airlines’ development roadmap Vision 2010. […]

Chinese Companies with Over $5 billion Keen to Invest in Ethiopia

Chinese Investors

Addis Ababa, Ethiopia - Chinese companies with about 5.6 billion USD capital have reportedly expressed interest in investing in Ethiopia. The 12-businessperson delegation representing 7 Chinese companies conferred on Wednesday with President Mulatu Teshome. According to the spokesperson of the president who briefed journalists, the companies are interested in engaging in the production of explosives, railway […]

IMF recommends sugar, logistics be open to foreign investors

Jan Mikkelsen IMF

Addis Ababa, Ethiopia - The International Monetary Fund (IMF) recommends that Ethiopia expand its private sector. Jan Mikkelsen, the IMF resident representative to Ethiopia, who met with selected journalists on Wednesday April 2, said that the government should support  the private sector financially and promote domestic savings by activating a securities market with flexible interest rates. […]

The Africa Group (TAG) Completes Investment Into Ethiopia’s Telemed Medical Services (Telemed)

The Africa Group

* Telemed is the developer of Hello Doctor, Ethiopia’s leading m-health platform * TAG gains exposure to the continent’s fourth largest consumer market, with focus on a rapidly-expanding mobile sector. ADDIS ABABA, Ethiopia, March 31, 2014 /PRNewswire-iReach/ — The Africa Group (TAG), the US-based boutique advisor and venture capital investor, today announces a 25% stake in Telemed […]

Turkish industrial zone planned in Ethiopia

Turkey is preparing to create a Turkish industrial zone in Ethiopia’s capital, Addis Ababa, as part of its African policy which started in 2005 and has been showing marked development of its business assets. Speaking at the opening of the African Strategies Sectoral Evaluation Meeting in Ankara on Monday, Turkish Foreign Minister Ahmet DavutoÄŸlu said […]