Category: Latest News
Fitch Ratings Gives Ethiopia a ‘B’ Rating Again
Addis Ababa (HAN) October 12, 2015 – Public Diplomacy and Regional Investment News. Fitch Ratings has repeated its assessment of Ethiopia’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘B’, and defined the outlook as ‘stable’. The issue ratings on senior unsecured foreign currency bonds have also been affirmed at ‘B’. The Country Ceiling…
Ethiopia: The End of the 'Made in Ethiopia'?
Addis Ababa (HAN) October 12, 2015. Public Diplomacy and Regional News By SAMRAWIT LEMMA. Locally assembled cars struggle to compete for market share dominated by second-hand imports It was six months ago that Nigma Agro Industry Plc, a local company, joined with Zaporiziha Automobile Building Plant (Zaz) to form Nigma Motors & Spare Parts Plc, a…
Ethiopia to Join Africa Trade Insurance
Addis Ababa (HAN) October 12, 2015. Public Diplomacy and Regional News.By Lucy Kassa. Ethiopia is becoming a shareholder in the African Trade Insurance Agency (ATI) with a 7.5 million dollars loan from the African Development Bank (AfDB) for subscription fee. The loan, which was approved on September 25, 2015, is to be paid in 35…
Ethiopia: Allocated Plots Idle with Rise in Demand for Urban Lands
Addis Ababa (HAN) October 12, 2015. Public Diplomacy and Regional News.By Lucy Kassa The Bash Welde neighbourhood, found behind a tourist hotel on a side street adjacent to Adwa Street was as crowded as usual when Fortune paid a visit. The exception was the visible dominance of green and yellow corrugated sheet fences, which conventionally indicate…
Kenya to Roll Out Special Trade Zones in First Quarter of 2016
Nairobi (HAN) October 12, 2015 – Public Diplomacy and Regional News. Kenya plans to roll out Special Economic Zones (SEZs) which will enjoy lower taxes to boost the country’s investment profile. The designated trading zones will be established in the first quarter of 2016, the Industrialisation ministry has said. They are expected to help investors cut…
Ethiopia: Government to make massive push to promote Ethiopian integration
Tel Aviv (HAN) October 12, 2015 – Public Diplomacy and Regional News. The ministerial committee to promote the integration Ethiopian citizens into Israeli society today approved three hundred million shekels in spending toward the goal of bridging the gap between Ethiopians and the rest of Israeli society. According to plans presented by Prime Minister’s Office director-general Eli…
Mauritius Plans Platform to Hedge African Currencies Against U.S. Dollar
Port Louis (HAN) October 12, 2015 – Public Diplomacy and Regional investment News. Mauritius plans to launch a trading platform to hedge African currencies against the U.S. dollar, part of a bid to expand its role as a financial hub for the continent, the financial services minister said. The Indian Ocean island is also in talks…
Human rights award for Helawit, daughter of man being held on death row in Ethiopia
Addis Ababa (HAN) October 12, 2015 – Public Diplomacy and Regional News. by KOOS COUVÉE. The daughter of a British man held on death row in Ethiopia has been lauded with a human rights award for a play she wrote with her friends about her father’s plight. Helawit Hailemariam, 16, from Clerkenwell, was awarded the Christine Jackson Young…
Eritrea: Interview with legendary Eritrean Musician Dawit Teklsenbet
Asmara (HAN) October 12, 2015 – Public Diplomacy and Regional News. Interview By Yishak Yared Born in 1977 in Asmara, he is one of inspirational artists the country has produced. His name is Dawit Teklsenbet but is best known by Shilan. He is our guest for today. How he became a singer… When I was a little…
Africa: Calm in Guinea on Election Day
CONAKRY (HAN) October 11, 2015 – Public Diplomacy and Regional News. Millions of Guineans voted peacefully on Sunday in the West African country’s second free election since independence from France nearly 60 years ago. President Alpha Condé, 77, was widely expected to win a second mandate, although Sunday’s results were expected to be close enough to…
