Tag: fairfax africa fund

Ethiopia earns over $60mn from electricity exports

Ethiopia’s electricity export ambitions continue to garner momentum as the country collected $66.4 million from the electricity it exported to neighbouring Sudan and Djibouti in the Ethiopian fiscal year that ended on July 7. What does this mean for the development of the Grand Ethiopian Renaissance Dam in the country? Zemedeh Negatu, Global Chairman Fairfax Africa Fund joins CNBC Africa for more.

COVID-19: Ethiopia announces sweeping measures to support economy

In the wake of the COVID-19 pandemic, the Ethiopian government has gone on to announce six key major economic reforms set out to stimulate the economy, CNBC Africa spoke to Zemedeneh Negatu, Global Chairman of the Fairfax Africa Fund for more.

Ethiopia sets privatisation deadline for SOE’s to comply with new reforms

Ethiopia's privatisation plans are in high gear with the government setting a date for the privatisation of her state corporations. Fairfax Africa Fund Chairman, Zemedeneh Negatu joins CNBC Africa for more.

Ethiopia asks SA to mediate talks over Nile Dam debacle with Egypt

Egypt is blaming Ethiopia for the failure to come to an agreement in the latest sit down between the two countries in what has turned out to be a controversial Renaissance dam. Global Chairman of, Fairfax Africa Fund, Zemedeneh Negatu joins CNBC Africa on the latest stand-off between the two countries.

IMF seals $2.9bn financing package with Ethiopia: Here’s why this is a big game changer for the country’s economy

International Monetary Fund and Ethiopian government have reached an opening agreement for a three-year, $2.9 billion financing package to support the African country’s economic reform program. The program would focus on addressing foreign exchange shortage and transitioning to a more flexible exchange rate regime, while working to strengthen oversight and management of state-owned enterprises to contain debt vulnerabilities. Zemedeneh Negatu, Global Chairman at Fairfax Africa Fund (US) joins CNBC Africa for more.

Egypt, Ethiopia to hold talks over Nile dam hydropower dispute

Egyptian President Abdel Fattah al-Sisi and Ethiopian Prime Minister Abiy Ahmed are set to meet in Russia to discuss a dispute over a hydropower dam that Ethiopia is building on the River Nile, which has caused a long-running diplomatic standoff. Ethiopia aims to provide electricity to homes of its 105 million citizens and Egypt wants a steady supply of water for its 98 million citizens. Global Chairman at Fairfax Africa Fund (US), Zemedeneh Negatu joins CNBC Africa for more.

Ethiopia beats Kenya to top FDI destination in East Africa

Ethiopia pipped Kenya last year as the largest recipient of Foreign Direct Investment (FDI) within the East African region, according to a new report released by financial consulting firm Ernst and Young. Ethiopia attracted $7 billion compared to Kenya's $2 billion. On the reforms that are making Ethiopia a top investment destination, Global Chairman of Fairfax Africa Fund, Zemedeneh Negatu joins CNBC Africa's Arnold Kwizera for more.