Tag Archives: foreign exchange

Study confirms stunted growth of private investment in Ethiopia

11 Jul

Posted by The Ethiopia Observatory

by Alemayehu Ambesie*

ቀደም ሲል የአዲስ አበባ ዩኒቨርስቲ መምህር እና በንግድ ሚኒስቴር የአለም ንግድ ድርጅት (WTO) ዋና አማካሪ የሆኑት አቶ ማሞ ምህረቱ ሰሞኑን በሂልተን ሆቴል “The investment Climate in Ethiopia; some reflections” በሚል ርዕስ ለምጣኔ ሃብት ባለሙያዎችና ለባለድርሻ አካላት ባቀረቡት ጥናት፤ እየተመዘገበ ባለው እድገት ውስጥ የግል ኢንቨስትመንቱ ሚና እየተዳከመ፣ በአንፃሩ የመንግስት ኢንቨስትመንት ከጊዜ ወደ ጊዜ ከፍተኛ ድርሻ እየያዘ መምጣቱን አስረድተዋል፡፡
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Kenyan firms eye Ethiopia as new investment hub

22 Nov



    ♦ Among the companies that expressed interest in investing in Ethiopia during the Premier’s visit include Equity Bank, Safaricom and Brookside. East African Breweries and Bidco have previously registered interest in the market.

    ♦ Equity Bank expressed interest in launching operations in Ethiopia, eyeing opportunities in agricultural financing and the budding small and medium enterprises (SME) sector.

    ♦ Brookside chairman Muhoho Kenyatta told the Premier — when he visited the company’s premises — that the company considers Ethiopia as a potential strong market for its products.

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Illegal capital flight from Ethiopia in 2009 skyrocketed to $3.26 billion

6 Dec

By Sarah Freitas*
Task Force on Financial Integrity & Economic Development

An upcoming report by Global Financial Integrity finds that Ethiopia, which has a per-capita GDP of just US$365, lost US$11.7 billion to illicit financial outflows between 2000 and 2009. More worrying is that the study shows Ethiopia’s losses due to illicit capital flows are on the rise. In 2009, illicit money leaving the economy totaled US$3.26 billion, which is double the amount in each of the two previous years.
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Part II. Meles says no land grab in Ethiopia—Not today, not tomorrow!

23 Aug

By Keffyalew Gebremedhin

Allegations of land grabbing persist, despite vigorous denials

Part I of this article dealt with the landgrab issue in Ethiopia in the context of displacements of local people, mainly in Western Ethiopia. It also discussed Indian concerns about the future security of their investments in agriculture in Ethiopia, as repeatedly expressed by Vickram Bahl, Editor-in-Chief of India’s ITMN television.
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PART III. Meles says no land grab in Ethiopia—Not today, not tomorrow!

23 Aug

By Keffyalew Gebremedhin

Dispossessing and displacing people to settle them down

Last March, when the Guardian’s environment editor John Vidal returned from Gambela after documenting the destruction that has befallen the population there, he saw State Minister of Agriculture Wondirad Mandefro and confronted him with the facts. The state minister’s first reaction was a scoff followed up by denial, saying not a single person was moved. When the journalist persisted that he had seen “evidences of many displaced, worried and frightened people”, the vice minister simply said, “…It is their choice…Either to choose to have these basic services come to the villages…it is based on their willingness. But of course, they have to abandon their previous ways of life. [Otherwise] you cannot provide any basic services to the community.”
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Meles returns from China with fistful of dollars: No time to worry about debts!

16 Aug

By Keffyalew Gebremedhin

Prime Minister Meles Zenawi was one of the high-level guests of the Chinese government at the opening of the 26th Summer Universiade in Shenzhen, China. The competition would run through 23 August, although it is not known how long the premier would stay in China. Universiade is sports competition, organized every other year by the International University Federation, ever since its first game in 1959 in Turin, Italy, where it adopted its name as Universaide from the Italian.
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The world economy: déjà vu all over again 

11 Aug

By Keffyalew Gebremedhin

Meles goes to China

There is no better evidence for the fear that has hit the global market this whole week than the price of gold on Wednesday. At the time of this writing, it was hovering around the $1,800 per ounce for the first time. At Wall Street’s close on Wednesday, the Dow Jones plummeted 521 points, a 4 percent nosedive, leaving investors and dealers to wonder in their helplessness whether the bottom has been reached given the precipitous declines of the last five days and several hundreds of billions of dollars lost, if not trillions.
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