Investment | The Reporter Ethiopia English

| 23 September 2019

Moody's changes Ethiopia’s investment outlook to negative

Affirmed Ethiopia's rating of B1

Moody's Investors Service ("Moody's") has affirmed Ethiopia's B1 long-term issuer and senior unsecured ratings changing the outlook on the Government of Ethiopia to negative from stable on September 20, 2019.

| 21 September 2019

Dubai Chamber of Commerce eyes Ethiopia’s tourism, real estate sector

The Dubai Chamber of Commerce and Industry plans to enter the Ethiopian market with a primary focus of engaging in the tourism as well as the real estate sectors, while facilitating conditions that would enable Ethiopian businesses introduce their products to the United Arab Emirates (UAE).

| 21 September 2019

New company joins taxi hailing business

El-Taxi Trading has become the latest company to enter the taxi hailing app business in which taxi owners’ associations are members along with the management of the company. It has been four months since the establishment of the company.

| 31 August 2019

Private engagement

The \Ministry of Finance unveiled what it called a “Home-Grown economic Reform” this week, spearheaded by the Office of the Prime Minister with the involvement of various policy institutions including the National Bank of Ethiopia (NBE), at an event held on Wednesday, August 28, 2019, at Sheraton Addis Hotel in Addis Ababa.

| 10 August 2019

Karuturi, Saudi Star et al labeled poor performers, less responsible investors

A development and environmental scholar, Atkyelesh G.M. Persson has found out that foreign large-scale firms engaged in the Ethiopian agricultural sector have failed to deliver on productions and argued that most of the companies studied have been found to meet the minimum standards of a “responsible investors”, The Reporter has learnt.

| 3 August 2019

Spanish, Australian firms partner to prospect for gold

A Spanish firm, CRAU, has partnered with an Australian mining firm, MEGADO, to prospect for gold ore in Southern Oromia region.

| 27 July 2019

Ethiopia awaits hotel investment forum’s return

Some 600 global hoteliers and major brand executives are set to return to Addis Ababa for the third time to take part in the Africa Hotel Investment Forum (AHIF), which is scheduled to be held in September.

| 27 July 2019

iCog Labs, Kudu partner to finance startups

A locally founded and Artificial Intelligence (AI) centered company, iCog Labs, has joined up with the US-based Kudu, a venture capitalist firm, to mentor and provide seed financing for tech startups.

| 13 July 2019

Chinese corporate leaders strengthen ties, trade relations

A large delegation of Chinese corporate leaders from the Shandong region has visited Ethiopia this week. Headed by the China Council for the Promotion of International Trade of Shandong Sub-Council, the delegates met with their counterparts in Ethiopia and held a Shandong Ethiopia Business Forum in the capital.

| 22 June 2019

Coca-Cola to invest USD 300 mln in Ethiopia

Stretching on 14.3 hectares of land, a new Coca-Cola Factory that requires an investment outlay of two billion birr or USD 70 million, said to be the largest plant for coca cola in the country, is set to be finalized early next year, The Reporter has learnt.