Ethiopia | - Part 5

Buyout Firm Vital Plans $500 Million Africa Fund as Demand Booms

Accra, Ghana (Capital Markets in Africa) — Private Equity firm Vital Capital Investments LP is planning a $500 million investment fund that will focus on African industries overlooked by competitors. Vital Capital Fund II is weighing opportunities in Mozambique, Tanzania, Rwanda, Angola, Ethiopia, Uganda, Cameroon, Ghana and the Ivory Coast, managing partner Eytan Stibbe said in an interview with Bloomberg Brief Sub-Saharan Africa. The firm’s second Africa-focused fund will make as many as 20 investments…

Ethiopia eyes bond trading in cautious capital markets opening

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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…

Ethiopia’s favourable growth prospects and low debt burden support B1 rating says Moodys

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Addis Ababa, Ethiopia (Capital Markets in Africa) :- Ethiopia’s (B1 Stable) government bond rating is supported by its strong growth prospects, prudent fiscal management and large and stable donor inflows, Moody’s Investors Service says in its latest credit analysis of the country today. However, Ethiopia’s relatively small economy, low per capita income and weak institutional strength all constrain the rating. The report is now available on www.moodys.com. Moody’s subscribers can access this report via the link…

Ethiopia predicts record $1.5B foreign direct investment in 2015

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Addis Ababa, Ethiopia (Capital Markets in Africa):- 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 $108.5m in inward investments from overseas. But it has been growing at double-digit rates, thanks to increased relocation of factories, attracted by low wages, cheap…

World Bank to finance expanded agriculture in Ethiopia

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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…

Ethiopia sets sights on building new airport, beyond Addis Ababa expansion project

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A major infrastructure project in Ethiopia designed to expand the capacity for handling passengers passing through the capital’s airport is on course for completion in 2018, but moves are already under way to build an additional airport. Bole International Airport, on the edge of Addis Ababa, will be able to triple the number of passengers it handles from the current level of around seven million annually when the expansion project is completed, Ethiopian Airports enterprise…

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