Ethiopia

The Endubis Report 31-Oct-2019
Top 3 Company Headlines
Majority Stake in State Telecom Monopoly to be sold (Nazret 10-Oct)
Mastercard Foundation initiative aims to create 10m jobs by 2030 (Ezegra 30-Oct)
Nokia & 2 universities promote digital skills and innovation (Africanews 16-Oct)
Top 3 Macro and Risk Headline
Ethiopia to import cheaper South Sudan refined oil (China 30-Oct)
Govt & Arab Bank agree to co-finance agro-industrial parks (EthioNews 10-Oct)
PM Abiy Ahmed wins Nobel Peace Prize for resolving conflict with Eritrea (Reuters 11-Oct)
The Endubis’ View
Violent ethnic clashes in the Oromia region raises fears that the PM Abiy Ahmed will ditch his liberal stance and turn authoritarian in leadership. Investment stability will depend on the PM’s actions. Further initiatives in the tech sector mean the country will quickly turn more technocratic.
Fun Fact: Celebrations of the Irreecha festival held in capital for the first time in 150 years (Al Jazeera 06-Oct)


​The Endubis Report 31-Aug-2019
Top 3 Company Headlines
Ethio Telecom plans to install 4G network (Reuters 30-Aug)
X-I Bank of Korea $86m EDCF loan (Korea Herald 27-Aug)
Ethio Lease first foreign co to get financial services licence (Africa News 08-Aug)
Top 3 Macro and Risk Headlines
Chinese-built industrial parks attracting world-class investors (Xinhua 29-Aug)
Govt announce cooperation with Alibaba Group (China 15-Aug)
$50m coffee park signed with South Korea (IOL 14-Aug)
The Endubis’ View
A liberalisation drive persists as the govt continues to diversify its growth streams. As foreign exchange shortages continue to worsen export earnings from new sectors accelerates. The licensed New York-based equipment company, AAFC, for the first time brings great news to investors. More must be done to reduce red-tape for lenders and investors.
Fun Fact: An Ethiopian politician’s goats were ‘taken hostage’ as part of a ploy to get him to leave politics (BBC 30-Aug)


​The Endubis Report 31-Jul-2019
Top 3 Company Headlines
Two telecom licenses to foreign firms (Africa News 06-Jul)
Ethiopia turns to Airbus after Boeing crash (Africa News- 23-Jul)
Region to sell 10 Firms Registered under TIRET Corp (Ethiopian Monitor 16-Jul)
Top 3 Macro and Risk Headlines 
Banking sector opens up to its diaspora (Reuters 31-Jul)
50,000 workers to be sent to the UAE (Business Times 08-Jul)
Coffee, oilseeds export revenues hit $1.2bn (Iol 29 -Jul
The Endubis’ View
Ethiopia’s foreign exchange shortfalls will be tackled through banking sector reform which opens it up to diaspora dual-nationals, after parliament passed a bill.
Prime Minister Abiy Ahmed’s economic reforms have been threatened by political unrest. The Sidama ethnic group clashed with security forces in Southern Ethiopia as they declared their own federal state, with over 30 people dead. 
Fun Fact: A World Record was broken as 350m trees were planted in a single day. By the end of the rainy season, an expected 4 billion indigenous trees are expected to be planted (Guardian 29-Jul