Via Quartz, an updated look at Ethiopia: Ethiopia’s once promising economy has run into a wall as the global economic crisis unleashed by the coronavirus pandemic devastates the nation of more than 100 million, forcing IMF to slash its GDP growth forecast for 2020 down to 3.2% from 6.2%. The Horn of Africa country, home […]
Read more »Via Bloomberg, an article on Ethiopia’s movement to liberalize its telephony sector: Ethiopia moved closer to liberalizing one of the world’s final frontiers for telecommunications by publishing the final draft of directives that mention spectrum permits will be valid for 15 years. The Ethiopian Communications Authority will hold consultations on the proposed rules for 14 […]
Read more »Via AllAfrica, a report on the expansion of the port of Berbera: The expansion of the Port of Berbera, the building of the road linking the town to the Ethiopian border and the planned construction of the multi-million Berbera Economic Free Zone has brought life into the once sleepy city of Somaliland. Add that to […]
Read more »Courtesy of The Financial Times, a report on how Ethiopia has seized the crown as fastest-growing country in the 2010s — but is now ripping up its playbook: A country that is in the process of ripping up its economic model and has been forced to go cap in hand to the IMF might be […]
Read more »Via Mobile World Live, commentary on the likely contenders if/when Ethiopia’s telecom market is opened up: In 2020, Ethiopia is set to split its telecoms monopoly and open the market to competition. The move will represent a rare opportunity for operators to enter a huge country with a large proportion of unconnected citizens and low data penetration […]
Read more »Via The Reporter, an article on Coca Cola’s plans to invest in Ethiopia: Stretching on 14.3 hectares of land, a new Coca-Cola Factory that requires an investment outlay of two billion birr or USD 70 million, said to be the largest plant for coca cola in the country, is set to be finalized early next […]
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