Category: Markets
Making Ethiopia a Global Manufacturing Hub
LONDON (HAN) April 27, 2015 – Public Diplomacy and Regional Investment News. Ethiopia is one of Africa’s top performers, yet is one of the markets most closed to foreign money. Zemedeneh Negatu from EY tells the FT’s Katrina Manson why investors are flocking to the country, and whether it is really restrictive to foreigners. Ethiopia: Open…
Ethiopia: Aims to Quadruple Coffee Production in Five Years
ADDIS ABABA (HAN) April 28, 2015 – Public Diplomacy and Regional Investment News. The Ministry of Agriculture (MoA), in concert with the Ministry of Trade (MoT) has finalised a Coffee Development Strategy that will be used to boost coffee production in the second Growth and Transformation Plan (GTP II) over the next five years. The…
Ziraat Bank to open branch in Ethiopia
ISTANBUL (HAN) April 27, 2015 – Public Diplomacy and Regional Investment News. One of Turkey’s largest state-owned banks, Ziraat Bank, has proposed opening the first foreign-owned bank branch in Ethiopia, the Turkish Economy Minister has said. Nihat Zeybekci said at the Turkey- Ethiopia Business Forum in Ankara on Monday Turkish lenderZiraat Bank was awaiting a response from Ethiopia…
Uganada: Shilling Was Stable Amid Sluggish Trade
KAMPALA (HAN) April 27, 2015 – Public Diplomacy and Regional Investment News. The Ugandan shilling was stable on Monday amid sluggish trade and was expected to remain rangebound on the back of local currency liquidity tightness. At 0912 GMT commercial banks quoted the shilling at 2,995/3,005, unchanged from Friday’s close. “Corporate appetite for the greenback is…
Ethiopia predicts record $1.5bn in 2015
ADDIS ABABA (HAN) April 27, 2015 – Public Diplomacy and Regional Investment News. Foreign direct investment into Ethiopia will reach a record $1.5bn this year, on the back of successful efforts by the fast-growing and populous African country to attract overseas manufacturing companies. Only seven years ago, the country with a population of 94m drew only…
Ethiopia: Global craving For Teff
ADDIS ABABA (HAN) April 25, 2015 – Public Diplomacy and Regional Investment News. Six days a week, an Ethiopian Airlines flight departs for Washington, D.C., with a fresh batch of 3,000 injera on board. This pancake-shaped pale spongy bread is a centuries-old Ethiopian staple made from teff, an indigenous tiny grain now making a global name…
Djibouti: Yemen Stops Energy Production, signs of Security Alert
Djibouti (HAN) April 14, 2015 – Public Diplomacy, Regional Gas and Maritime security News. The Yemen’s liquefied natural gas (LNG) plant said. LNG management has declared force majeure due worsening security and has halted all production at the plant. Some of the Yemen’s liquefied natural gas (LNG) staff arrived in Djibouti and told Geeska Afrika Online…
Ethiopia: Arabian Investments Firms Gets an Insight into Financial Market
Dubai (HAN) April 13, 2015 – Public Diplomacy and Regional Investment News. The Ethiopian foreign minister Dr.Tedros meets Diaspora leaders residing in Dubai and Abu Diabi. Arabian Investment companies gets an insight access into the Ethiopian Financial markets, according to these agreements, source told Geeska Afrika Online. Meanwhile, the Ethiopian foreign minister briefed the diaspora members about…
Remittances Crisis Continues: Somali-linked money transfer firms shut down.
Nairobi (HAN) April 8, 2015 – Public Diplomacy and Regional Infrastructure investment news. Kenya’s government has ordered the closure of 13 money transfer firms to prevent militant Islamists from using them to finance attacks, the interior minister has told the BBC. The bank accounts of 86 individuals and “entities” had also been frozen, Joseph Nkaissery…
Developing Story:Thirteen Hawalas Closed Down In Kenya
Nairobi (HAN) April 7, 2015 –Markets And Regional Security News. Thirteen hawalas – informal money transfer services – have also been closed down. Hawalas are widely used by Somalis who depend on relatives abroad as a cheap and quick means to receive money. Interior Minister Joseph Nkaiserry said the names of the individuals and hawalas…
