Market News
Ethiopia and Africa market
In 2016 Ethiopia imported $17.9B, making it the 75th largest importer in the world. During the last five years the imports of Ethiopia have increased at an annualized rate of 14.7%, from $8.83B in 2011 to $17.9B in 2016.
The top import origins of Ethiopia are China ($5.46B), the United States ($1.54B), India ($1.3B), Kuwait ($1B) and Italy ($700M).
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East Africa: Retail Giant Nakumatt Raises Shs17 Billion Ahead of Share Sale
Posted on :Thursday , 5th January 2017
Nairobi — Retail chain Nakumatt Holdings has raised KSh500 million (Shs17b) through a short- term loan in a deal expected to pave the way for entry of a deep-pocketed strategic investor into the business.The transaction was disclosed by investment advisory firm Dry Associates, which arranged the private placement last quarter.Africa: 'Mobile Money' Helping Women Rise Above Poverty
Posted on :Thursday , 5th January 2017
A recently published study on the long-run effects of mobile money on economic outcomes in Kenya provides some valuable insights that will benefit economic development and financial inclusion policies across Africa.
The study found that increased access to mobile money has reduced poverty in Kenya, particularly among female-headed households. Rapid expansion of mobi. . .Africa Hails China's Ban of Ivory Products
Posted on :Thursday , 5th January 2017
Nairobi — China's latest ban on processing and sale of ivory products marked a historic milestone in efforts to save African elephants from poaching, Kenyan wildlife officials said on Tuesday.
Richard Leakey, chairman of the Kenya Wildlife Service (KWS), hailed the Chinese government's decision, saying it will revitalize global action on illegal trade in troph. . .Ethiopia Set to Become Africa's Top Tourism Spot
Posted on :Tuesday , 20th December 2016
During the past two decades, Ethiopia's ambitious economic initiatives to become middle income country managed to progressively grow and develop its economy. The country has given ample focus to sectors like tourism increasing their GDP contribution to the entire economic key factors.
Addressing the country development shortfalls and poverty reduction initiatives ha. . .Ethiopia: Double Digit Economic Growth to Continue - World Bank
Posted on :Wednesday , 14th December 2016
In its fifth economic update for Ethiopia, the World Bank reported that the country's growth will remain relatively steady in the coming years. The country has been growing at an average of 11pc over the past decade.
Last year, the country registered a growth of eight percent, despite facing the worst drought in five decades.Even thou. . .Please Select an Option
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