Ethiopia can achieve its target of reducing poverty further, Hailemariam Desalegn, the Ethiopian prime minister tells CNBC, adding that the country's wealth is very "inclusive".» Read More
JOHANNESBURG, Aug 21- Surviving sickness can make you stronger. "If anything, I think it is teaching us something," Mustapha Sidiki Kaloko, the African Union's Commissioner for Social Affairs, told reporters in Addis Ababa this month.
*South Sudan holds some of Africa's biggest oil reserves. NAIROBI, Aug 1- South Sudan's oil fields have become a battleground in the struggle for power in Africa's newest nation, encouraging Western nations and regional mediators to consider international monitoring of crude revenues as a way to remove a major bone of contention from such conflicts.
The issuance of Ethiopian bonds "depends on the success" the country has over the next three-to-four years, Hailemariam Desalegn, Ethiopian's prime minister explains.
The Human Rights Watch has accused Ethiopia of severely restricting freedom of expression. The country's prime minister, Hailemariam Desalegn responds to these accusations.
Hailemariam Desalegn , Ethiopia's prime minister, tells CNBC that the country will only open up all its sectors to foreign investors once domestic companies can compete.
Ethiopian Prime Minister Hailemariam Desalegn, says the World Bank's negative view of the country's economy is wrong and says local businesses are competitive.
*Ethiopia says private sector too weak for competition. ADDIS ABABA, May 28- Ethiopia may delay plans to join the World Trade Organisation in 2015 if the country is required to liberalise its tightly regulated telecoms and banking industries sooner than it would like, the trade minister said.
*Ethiopia says private sector too weak for competition. ADDIS ABABA, May 28- Ethiopia may delay plans to join the World Trade Organization in 2015 if the country is required to liberalize its tightly regulated telecoms and banking industries sooner than it would like, the trade minister said.
ADDIS ABABA, May 26- Ethiopia has pushed the door ajar for foreign retailers keen to enter the fast-growing market of 90 million people, welcoming them as managers but keeping the state in control.
China will increase credit lines to Africa by $10 billion and will boost the China-Africa Development Fund by $2 billion, bringing it to a total of $5 billion, Li said, according to the official Xinhua news agency. As China has advanced technologies in this area, Li said China was ready to work with Africa "to make this dream come true".
"All China's support for Africa will come with no political strings attached," Li said, speaking at the World Economic Forum on Africa being held in the Nigerian capital Abuja. "We will not interfere with Africa's internal affairs or ask something impossible of Africa," he added.
China will increase credit lines to Africa by $10 billion and will boost the China-Africa Development Fund by $2 billion, bringing it to a total of $5 billion, Xinhua said. As China has advanced technologies in this area, Li said China was ready to work with Africa "to make this dream come true".
*Li says China will not allow colonialism to return. ADDIS ABABA, May 4- China signed a raft of agreements with Ethiopia on Sunday as Premier Li Keqiang arrived for the first leg of his four-nation Africa tour aimed at shoring up burgeoning Sino-Africa ties that saw their trade top $200 billion last year.
Builds a trading and industrial empire that shows it is possible to create wealth in the region by other means than tapping its rich natural resources.
*NOC is Ethiopia's largest private marketer. ADDIS ABABA, April 9- Ethiopia's leading private oil marketer plans to expand into neighbouring east African economies and is interested in part financing a refinery after commercial discoveries in the region.
OSLO/ ADDIS ABABA, March 19- Ethiopia, the United States and Papua New Guinea are on course to join the leading world initiative to combat corruption in the energy and mining industries.
NAIROBI, March 12- Kenya has offered Ethiopian companies a chance to raise funds and trade their shares on the Nairobi bourse in a move that could give them access to capital without compromising Addis Ababa's closed economy policy.
Investigators started work on Saturday to establish the cause of a fire on a Boeing Dreamliner at London's Heathrow airport.
U.S. safety regulators are nowhere near finishing an investigation into a battery fire on the Boeing 787 Dreamliner, a top official said on Thursday, raising the prospect of a prolonged grounding for the aircraft.
*Shares in Hong Kong more than halved this year. HONG KONG, Oct 25- ZTE Corp, the world's fourth-biggest maker of mobile phones and fifth-ranked telecommunications equipment manufacturer, reported its first quarterly loss- of $310 million- since listing in Hong Kong in 2004, on shredded margins, project delays and accounting changes in China.