Ethiopia |

Investment | Renaissance Capital Moves Into Mozambique in Deal With Dominio

Maputo, Mozambique, Capital Markets in Africa: Renaissance Capital Limited is pushing into Mozambique to take advantage of what it says is increasing interest from foreign investors in the southern African country. The Moscow-based investment bank, which trades across 43 emerging and frontier markets, signed a partnership deal last week with Lisbon-based Dominio Capital Group, which has an office in Maputo, Mozambique’s capital. The agreement will make it easier for RenCap to work on deals for clients wanting…

Ethiopia to build 4 Agro-Processing industrial Parks

Posted on by The Editorial Team

ADISS ABABA, Ethiopia, Capital Markets in Africa — Ethiopia plans to construct four Agro-processing industrial parks at a cost of US$30 billion, construction is scheduled to start in September 2015, according to Foreign Affairs Ministry, Ethiopia. The decision was announced after meeting between Prime Minister Hailemariam Desalegn, federal, regional government officials. This is in-line with the country’s Growth and Transformation Plan (GTP), which aimed to transform Ethiopia to an industrialized economy and increase the per…

Ethiopia eyes bond trading in cautious capital markets opening

Posted on by The Editorial Team

Addis ababa, Ethiopia (Capital Markets in Africa) — Ethiopia is seeking to create a secondary market for local currency Treasury bonds, possibly in a year or so, a move seen as a cautious step towards liberalizing one of Africa’s fastest growing economies. Ethiopia has become an increasingly attractive destination for foreign investors although the government tightly controls what sectors they can invest in. Prime Minister Hailemariam Desalegn said last month that Ethiopia was open to opening…

World Bank to finance expanded agriculture in Ethiopia

Posted on by The Editorial Team

WASHINGTON, March 31, 2015– The World Bank Group’s Board of Executive Directors today approved US$350 million to help the government Ethiopian increase agricultural productivity and enhance market access for smallholder farmers in more than 150 of its rural districts. The new financing, from the World Bank’s highly-concessional lending agency- the International Development Association, will further boost the development potential of Ethiopia’s agriculture industry which accounts for 45 percent of the country’s total output and occupies…

Italians increasing investment in Ethiopia

Posted on by The Editorial Team

Ethiopia has seen an increased Italian appetite for investment in infrastructure, agriculture, mining, manufacturing, energy and tourism, according to an EthiopianHerald report in AllAfrica. Italian businesses have been engaged in about 200 investment projects in Ethiopia since 1994 with investments worth 6.2 billion birr ($304.15 million US). Ethiopia wants the relationship to get stronger still, said Ethiopian Foreign Affairs Minister Dewano Kedir at the Ethio-Italy-Greek Trilateral Investment and Business Networking Forum, held recently in Addis…