investment

The Ministry of Finance of Ethiopia said it has decided to postpone it plan of partial privatization of the state-owned Ethio Telecom. In its statement the Ministry indicated that “…given the recent developments and fast-moving macroeconomic changes both globally and a country perspective, the Government of Ethiopia has chosen to postpone the privatization process”. “The …

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The Africa Investment Forum boardrooms have drawn $32.8 billion in investment interest in bankable projects. Unveiling the results of the Forum’s virtual boardroom sessions on Thursday, African Development Bank Group President Dr. Akinwumi A. Adesina told the 500 project sponsors, investors, deal brokers and government representatives from around the world who took part in them: …

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Ambassador Tomaz Kun Stelj, Slovenia’s Ambassador in Rome met with Ethiopian Ambassador in Italy, Ambassador Demitu Hambisa and expressed his country’s interest to invest to strengthen ties through investment. He further expressed his country’s strong desire to strengthen the relationship with Ethiopia mainly in the area of investment, beekeeping, and technology transfer, according to the …

Slovenia eyes strengthening investment relation with Ethiopia – etbaba.com Read More »

The United States through the United States Agency for International Development (USAID) launched a new investment of $60 million (3.1 billion Birr) to lift up millions of vulnerable youth across Ethiopia. Over the next five years, the new USAID Kefeta activity—which means ‘to elevate’ in Amharic—will help youth in 18 cities find meaningful jobs and …

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United States Congressman Gregory Meeks has warned that the United States will only be part of the future if it invests in Africa now. The congressman from New York and Chairman of the US House Foreign Affairs Committee was speaking during a visit to the African Development Bank Group on Saturday, as he and a …

Time for United States to invest in Africa, says US official – etbaba.com Read More »

The Africa Investment Forum is set to showcase $57.4 billion bankable projects during the meeting, scheduled to take place from March 15-17, 2022, the African Development Bank said. The virtual boardroom sessions will discuss and advance deals in the 2021 pipeline. The third edition of the Africa Investment Forum was due to be held in …

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(FIGURE REVISED) – The U.S. Development Finance Corporation has so far invested $9 billion in 300 projects in African countries, says a U.S. official. “We have the U.S. Development Finance Corporation, and they’ve established a dedicated team of investment advisors to source and execute deals across Africa. And that agency currently has about 80 billion¹ …

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The U.S. Development Finance Corporation has so far invested $80 billion in 300 projects in African countries, says a U.S. official. “We have the U.S. Development Finance Corporation, and they’ve established a dedicated team of investment advisors to source and execute deals across Africa. And that agency currently has about $80 billion invested across more …

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Professional investors forecast dramatic expansion in the levels of investment in Africa by pension funds and large corporates over the next five years. This is because major funds increasingly regard the continent as an attractive area to invest, new global research for blockchain-based mobile network operator World Mobile shows. The study with professional investors responsible …

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