Ethiopia

​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