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Ethiopia

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

    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.

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

    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.

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

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

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

    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.

  • Ethiopia pushes retail door ajar to foreigners Monday, 26 May 2014 | 7:37 AM ET

    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.

  • 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.

  • *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.

  • UPDATE 2-U.S., Ethiopia, PNG to join anti-corruption drive Wednesday, 19 Mar 2014 | 11:57 AM ET

    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.

  • *Ethiopian Airlines plane had been bound for Rome. GENEVA/ ADDIS ABABA, Feb 17- A co-pilot who hijacked an Ethiopian Airlines flight to seek asylum in Switzerland on Monday surrendered to police at Geneva airport after jumping out of a cockpit window and scrambling down an emergency rope.

  • *Co-pilot lands in Geneva, demands asylum. *Ethiopian Airlines plane had been bound for Rome. GENEVA, Feb 17- The co-pilot of a hijacked Ethiopian Airlines flight surrendered to Swiss authorities in Geneva on Monday after commandeering his aircraft to seek asylum in Switzerland, police said.

  • *Ethiopian Airlines plane had been bound for Rome. GENEVA, Feb 17- Swiss authorities detained the hijacker of an Ethiopian Airlines flight that was forced to land at Geneva's international airport on Monday and police said all passengers were unhurt. The airline earlier said the flight from the Ethiopian capital Addis Ababa had been "forced to proceed" to Geneva.

  • *Ethiopian Airlines plane had been bound for Rome. GENEVA, Feb 17- Swiss authorities detained the hijacker of an Ethiopian Airlines flight that was forced to land at Geneva's international airport on Monday, airport police said, adding that passengers and crew were safe.

  • 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.