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<p>Ethiopia’s Prime Minister Abiy Ahmed yesterday presented the country’s economic outlook to the parliament during which he said the economy is expected to grow by 9 per cent in 2021. However, the Premier said inflation remains a key concern. Inflation rose from 19.8 per cent in May to 24.5 per cent in June this year. Zemedeneh Negatu, Global Chairman at Fairfax joins CNBC Africa for more.</p>


Ethiopia: Rising inflation remains key concern

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<p>Ethiopia’s economy is expected to expand by 8.7 per cent in the 2021/22 fiscal year, more than the 8.5 per cent previously forecast, according to the budget speech read on Tuesday. It comes as the country announces it will spend $12.95 billion in the same fiscal year. Zemedeneh Negatu, Global Chairman, Fairfax Africa Fund, spoke to CNBC Africa’s Julius Bizimungu for more.</p>


Ethiopia’s economy projected to grow 8.7% in 2021/22

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<p>A license to operate telecommunication services in Ethiopia has been awarded to a consortium made up of Safaricom, Vodafone, Japan’s Sumitomo and UK finance agency CDC Group.</p>


Global consortium wins telecom license in Ethiopia

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<p>Ethiopia is seeking to restructure its debt to ensure it has access to the markets for more capital in coming the years. After the announcement, made on the 29th of Jan, Fitch Ratings downgraded the nation’s credit and warned of an increased risk of default. Moreover, yields on Ethiopia’s $1 billion of 2024 Eurobonds soared to nine-month highs after the government’s decision. CNBC Africa spoke with Zemedeneh Negatu, Global Chairman at FairFax Africa Fund joins CNBC Africa for more.</p>


Unpacking Ethiopia’s debt restructuring plan

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<p>Ethiopia’s economy grew by 6 per cent in the 2020 financial year despite the COVID-19 pandemic. This is according to Prime Minister Abiy Ahmed. Global Chairman of Fairfax Africa Fund, Zemedeneh Negatu joins CNBC Africa for more.</p>


Ethiopia’s economy grew by 6% despite COVID-19 shocks

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<p>Ethiopia&#8217;s economy saw a slowdown in the fourth quarter of 2020 despite the country having some of the laxest COVID-19 measures in the region. But could a recent Tigray crisis see a further decline in the first half of 2021? The Global Chairman of Fairfax Africa Fund, Zemedeneh Negatu joins CNBC Africa for more.</p>


Fairfax Africa Fund Chair

Fairfax Africa Fund Chair, Negatu sees Ethiopian economy regaining momentum in 2021

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<p>In Ethiopia, the Council of Ministers approved the new establishment regulation of Ethio-Telecom allowing the company to invest in the mobile sector and giving it the green light to invest in international markets as well. Zemedeneh Negatu, Global Chairman at Fairfax Africa Fund joins CNBC Africa for more.</p>


Fairfax Africa Chair on the new Ethio-Telecom regulations

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<p>The government of Ethiopia has implemented numerous reforms in the country’s financial sector aimed at liberalizing the sector.</p>


Ethiopia embarks on financial sector reforms to attract foreign investment

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<p>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.</p>


COVID-19: Ethiopia announces sweeping measures to support economy

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Ethiopia&#8217;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.</p>


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

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<p>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.</p>


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

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<p>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.</p>


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

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<p>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.</p>


Egypt, Ethiopia to hold talks over Nile dam hydropower dispute

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<p>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&#8217;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&#8217;s Arnold Kwizera for more.</p>


Ethiopia beats Kenya to top FDI destination in East Africa

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<p>In the revealed three year strategic plan, Ethiopian Telecom company Ethio announced plans to roll out mobile money services. Additionally, Ethio Telecom plans to increase its total subscribers from 43.6 to 50.4 million. To analyse this, Zemedeneh Negatu, Global Chairman at Fairfax Africa Fund US joins CNBC Africa for more.</p>


zemedeneh negatu

Ethiopia: Rising inflation remains key concern

Ethiopia’s economy projected to grow 8.7% in 2021/22

Global consortium wins telecom license in Ethiopia

Unpacking Ethiopia’s debt restructuring plan

Ethiopia’s economy grew by 6% despite COVID-19 shocks

Fairfax Africa Fund Chair, Negatu sees Ethiopian economy regaining momentum in 2021

Fairfax Africa Chair on the new Ethio-Telecom regulations

Ethiopia embarks on financial sector reforms to attract foreign investment

COVID-19: Ethiopia announces sweeping measures to support economy

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

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

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

Egypt, Ethiopia to hold talks over Nile dam hydropower dispute

Ethiopia beats Kenya to top FDI destination in East Africa

Ethiopia’s Ethio to roll out 4G mobile money service in bid to reposition itself

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zemedeneh negatu

Ethiopia: Rising inflation remains key concern

Ethiopia’s economy projected to grow 8.7% in 2021/22

Global consortium wins telecom license in Ethiopia

Unpacking Ethiopia’s debt restructuring plan

Ethiopia’s economy grew by 6% despite COVID-19 shocks

Fairfax Africa Fund Chair, Negatu sees Ethiopian economy regaining momentum in 2021

Fairfax Africa Chair on the new Ethio-Telecom regulations

Ethiopia embarks on financial sector reforms to attract foreign investment

COVID-19: Ethiopia announces sweeping measures to support economy

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

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

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

Egypt, Ethiopia to hold talks over Nile dam hydropower dispute

Ethiopia beats Kenya to top FDI destination in East Africa

Ethiopia’s Ethio to roll out 4G mobile money service in bid to reposition itself

News Tips

Advertise With Us

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