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...
MILAN- Italy's Monte dei Paschi di Siena is likely to try to plug a capital shortfall uncovered by Europe- wide stress tests through asset sales and possibly another cash call, but longer term a takeover could be inevitable. LONDON- Europe's banking healthcheck showed countries and lenders are implementing global capital rules at vastly different speeds, and...
Monte dei Paschi drags Europe's banks lower post-stress test. LONDON- Italy's Monte dei Paschi slumps after having the biggest capital hole to fill in a health check of European banks that was generally seen as good news for the sector. BERLIN- German business sentiment darkens in October for a sixth month running, hitting its lowest level in almost two years and...
BERLIN, Oct 2- Airlines and airports handling travel to countries worst hit by the Ebola epidemic are trying to prove that flying to West Africa is safe, following concerns that the first case diagnosed in the United States could curtail worldwide services. Some airlines have already suspended or cut back flights since the summer, and only one European carrier...
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.
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.
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.
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.
The Human Rights Watch has accused Ethiopia of severely restricting freedom of expression. The country's prime minister, Hailemariam Desalegn responds to these accusations.
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".
Ethiopian economy is transforming, says the country's prime minister, Hailemariam Desalegn. He also discusses the agricultural sector.
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.
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.
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.
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.
NEW YORK-- A columnist imprisoned under Ethiopia's controversial anti-terrorism laws, an Azerbaijani investigative radio reporter who had surveillance cameras planted in her apartment and a Palestinian blogger who has been beaten and tortured for reporting on abuses and protests in Gaza each received Courage in Journalism awards Wednesday from a women's media group.