Coca-Cola could aim for €7bn ($8.1bn) when it lists its African bottling operations with an initial public offering (IPO) of shares before listing on Euronext …
The World Bank has announced that it will give a $600m grant and a $600m loan towards supporting reforms in Ethiopia’s financial sector including improving the investment climate, according to Reuters, plus technical support.
A packed room of businesspeople and investors assembled in London on 16 October to hear about opportunities and news at the UK-Ethiopia Trade & Investment Forum 2018. Leader of the delegation was Arkebe Oqubay, Economic Advisor to the Prime Minister, who gave a detailed overview of events of the last 6 months and the big ambitions driving Ethiopia.
One of Africa’s biggest economies. Ethiopia, announced a transformational liberalization and privatization campaign. But there is no Ethiopian stock exchange, limiting participation by citizens and domestic savings funds, and cutting transparency.
Rand Merchant Bank’s (RMB) Where to Invest in Africa 2018 report shows changes in the top investment destinations in Africa. Egypt is the new number 1, pushing South Africa to 2nd, while Nigeria and Algeria crashed out of the top 10. But African countries are still at the lower end of global performance as investment destinations.
The Ethiopian Commodity Exchange (ECX) has received at least $29m in donor funding since 2008 but is it achieving its aims of transforming agriculture for small farmers? A review of some articles.
The Ethiopian Commodity Exchange (ECX) has unveiled an online trading platform, eTRADE, that has capacity for nearly 5,000 times more transactions than its current “open outcry”.
Commodity exchange trading floors failed in in 5 countries, but at least 8 new commodity exchanges were started in sub-Saharan Africa over the past two decades with the aim of improving food security for local populations when the money could have been better spent.
Great interview with Schulze Global Investments, the longest-established private equity firm in Ethiopia and run by a family office, with useful insights into the private equity landscape and trends.
Leading African private investment firm Helios Investment Partners, says it is about to close its 3rd Africa-focused private equity fund Helios III at the $1.1 billion limit, making it the largest fund.
Ethiopia saw soaring demand yesterday (4 Dec) for its debut $1bn Eurobond, after a quick US roadshow. Total demand was $2.6bn and the yield on the 10-year bond was settled at a relatively low 6.625%.
The Ethiopian Government recently closed a $865m financing package to fund part of the development of the country’s giant new railway infrastructure, with 5,060km of rail costing up to $15bn.
Low-cost manufacturing is shifting from China to Ethiopia, lured by cheap electricity and labour costs that are a tenth of China’s. Ethiopia is building a name for producing clothes, shoes and other basic goods, while also tackling transport bottlenecks.
An intriguing article just published by The Africa Report highlights the potential of the East African region, where the economy is forecast to grow 18-fold to $3.5 trn by 2050, and the growing links, self-determination, infrastructure and risks.