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Ethiopia

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  • ADDIS ABABA, April 1- International brewers are helping transform Ethiopia's business landscape as it slowly sells the assets of the former communist state and opens up to foreigners drawn to one of Africa's fastest growing economies. Heineken, Diageo and privately-owned Dutch brewer Bavaria, have snapped up state breweries or built new ones in the past four...

  • ADDIS ABABA, April 1- International brewers are helping transform Ethiopia's business landscape as it slowly sells the assets of the former communist state and opens up to foreigners drawn to one of Africa's fastest growing economies. Heineken, Diageo and privately-owned Dutch brewer Bavaria, have snapped up state breweries or built new ones in the past four...

  • *Bavaria NV to face rivals, Heineken, Diageo in Ethiopia. ADDIS ABABA, March 2- Ethiopian greenfield brewer Habesha, majority-owned by Dutch brewer Bavaria NV, said it plans to start selling beer in the second quarter of this year to tap rising domestic demand that has attracted global brands. Bavaria NV is the latest beer maker lured by Ethiopia's expanding middle...

  • Ethiopia wants manufacturers and exporters. ADDIS ABABA, Feb 8- Chinese workers mingle with Ethiopians putting the finishing touches to a metro line that cuts through Addis Ababa, one of a series of grand state infrastructure projects that Ethiopia hopes will help it mimic Asia's industrial rise. Brought to its knees by "Red Terror" communist purges in the 1970 s...

  • ADDIS ABABA, Feb 2- Ethiopia's ambition to become a manufacturing hub may hinge on Khalid Bomba's ability to transform small-scale farming just as much as it relies on new railways, roads and other more obvious signs of change in a nation once brought to its knees by famine. The 46- year-old one-time investment banker is now chief executive of Ethiopia's...

  • Recolonizing Africa: A modern Chinese story? Tuesday, 30 Dec 2014 | 5:57 PM ET

    China, one of the world's largest "emerging" investors, is ramping up investment in Sub Saharan Africa as it searches for resources, but whether the benefits are mutual isn't clear.

  • ADDIS ABABA, Dec 11- Swedish telecom group Ericsson is set to sign a contract with Ethiopia to expand telecom infrastructure, taking a slice of an $800 million contract from Chinese firm ZTE Corp because of a row over terms, a senior official told Reuters on Thursday. ZTE Corp's deal with state-run operator Ethio Telecom was signed in 2013. The other half of the...

  • PARIS, Nov 18- Ethiopia has told Chinese telecoms firm ZTE Corp it risked losing part of its deal worth $800 million to expand the nation's network because of differences over costs of upgrading existing systems, an Ethiopian minister and executive said. The deal last year with monopoly state-run operator Ethio Telecom was part of a $1.6 billion package, split...

  • Ethiopia's PM on tensions with Egypt   Wednesday, 23 Jul 2014 | 7:00 PM ET
    Ethiopia's PM on tensions with Egypt

    Tensions between Egypt and Ethiopia rose with the construction of the Grand Ethiopian Renaissance Dam. Hailemariam Desalegn, Ethiopia's prime minister, discusses the progress of talks between the two countries.

  • Freedom of the press in Ethiopia   Wednesday, 23 Jul 2014 | 7:00 PM ET
    Freedom of the press in Ethiopia

    The Human Rights Watch has accused Ethiopia of severely restricting freedom of expression. The country's prime minister, Hailemariam Desalegn responds to these accusations.

  • Agriculture to cut poverty in Ethiopia: PM   Wednesday, 23 Jul 2014 | 7:00 PM ET
    Agriculture to cut poverty in Ethiopia: PM

    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".

  • Agriculture's share of GDP decreasing: PM   Wednesday, 23 Jul 2014 | 7:00 PM ET
    Agriculture's share of GDP decreasing: PM

    Ethiopian economy is transforming, says the country's prime minister, Hailemariam Desalegn. He also discusses the agricultural sector.

  • When will an Ethiopia issue a bond?   Wednesday, 23 Jul 2014 | 7:00 PM ET
    When will an Ethiopia issue a bond?

    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.

  • World Bank is 'wrong' about Ethiopia: PM   Wednesday, 23 Jul 2014 | 7:00 PM ET
    World Bank is 'wrong' about Ethiopia: PM

    What¿s happening in Ethiopia is different from what the World Bank's Doing Business Survey indicates, says the country's prime minister, Hailemariam Desalegn.

  • Ethiopia not ready for 'neo-liberalism': PM   Wednesday, 23 Jul 2014 | 7:00 PM ET
    Ethiopia not ready for 'neo-liberalism': PM

    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.

  • The World Bank is 'wrong' on Ethiopia: PM   Wednesday, 23 Jul 2014 | 1:50 AM ET
    The World Bank is 'wrong' on Ethiopia: PM

    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.

  • Aliko Dangote makes his billions as Nigeria grows Tuesday, 29 Apr 2014 | 7:00 AM ET

    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.

  • Boeing Dreamliner fire investigation gets under way Saturday, 13 Jul 2013 | 12:25 PM ET

    Investigators started work on Saturday to establish the cause of a fire on a Boeing Dreamliner at London's Heathrow airport.

  • Brace for Prolonged Grounding of Dreamliner Thursday, 24 Jan 2013 | 8:10 PM ET

    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.