Financial Times Ethiopia is planning to issue its first eurobond tomorrow after finishing off an investor roadshow in New York today, and will become the second-poorest country on record to tap the international debt market. Ravenous demand for higher-yielding debt has encouraged a slew of countries previously shut out of international bond markets to issue
The post Ethiopia eyes debut bond deal tomorrow appeared first on 6KILO.com.
PALFINGER SANY Mobile Cranes has won the bid to deliver construction equipment for the ethiopian new railway project, the Awash-Weldia railway line. The order amounting to 6.4 million USD was awarded by Turkish construction company Yapi Merkezi, which is delivering the design and construction of the railway project. On 8th of November 2014 the Turkish
The post Yapi Merkezi signed 6.4 million USD deal with PALFINGER SANY Mobile Cranes for Ethiopian Railway Corporation appeared first on 6KILO.com.
SINGAPORE (Reuters) – European oil trader Vitol [VITOLV.UL] is likely to clinch a term deal to supply nearly 1.2 million tonnes of oil products into Ethiopia for next year, industry sources said on Wednesday. Vitol placed the lowest offer out of seven into a tender by Ethiopian Petroleum Supply Enterprise (EPSE) to buy 1 million
The post Vitol places lowest offer in Ethiopia oil product tender appeared first on 6KILO.com.
By William Davison, Bloomberg Saudi Star Agricultural Development Plc, an Ethiopian company owned by billionaire Mohamed al-Amoudi, said it plans to invest $100 million in a rice farm in western Ethiopia next year to kick-start the stalled project. The company leased 10,000 hectares (24,711 acres) in the Abobo district in the Gambella region, where it’s
The post Saudi Billionaire to Invest $100 Million in Ethiopian Farm appeared first on 6KILO.com.
By Andualem Sisay, The East African From thousands of kilometres of railways and highways to mega dams to tens of thousands of partially government-sponsored houses to cobblestone roads, Ethiopia is a nation under-construction. About a fifth of the 10.3 per cent growth registered in the 2013/14 budget year was attributable to construction activity, according to
The post Where will huge state investments lead Ethiopia? appeared first on 6KILO.com.
Powered primarily by the sun, AORA’s Tulip energy system works 24/7 – even at night and when it’s cloudy BY DAVID SHAMAH An AORA Tulip System (Photo credit: Courtesy) Solar energy is an ideal solution for the power needs of the developing world – except for one problem: It stops working when the sun
The post Ethiopia adopts Israeli day/night solar power system appeared first on 6KILO.com.
Financial Times By Javier Blas Every country tapping the global sovereign bond market details the dangers investors face in its prospectus, often in a boilerplate section enumerating possible problems – such as fiscal deficits or taxation issues – that is largely ignored. But the document sent by Ethiopia to international investors ahead of its foray
The post Ethiopia issues unfamiliar investor warning over war and famine appeared first on 6KILO.com.
Reuters Ethiopian Airlines concluded a USD 100 Million deal with the Bahrain based Ibdar Bank for the lease of four Bombardier Q400 NextGen planes. According to Ibdar, the deal is the first sharia complaint deal the bank concluded in the African aviation sector. The deal is Idbar will lease the Canadian-built aircraft to Ethiopian for
The post Ibdar Bank, Ethiopian Airlines close $100mln Islamic financing deal appeared first on 6KILO.com.
Fifty years ago, the first Premier of the New China, Zhou Enlai, visited Ethiopia during his first trip to Africa. He was warmly welcomed by the Ethiopian Government and people, and his visit provided a fresh start to friendly China-Ethiopia relations. Fifty years later, Chinese President Xi Jinping, during his first visit as President to
The post China-Ethiopia relations: an excellent model for South-South cooperation appeared first on 6KILO.com.
The Reporter By Kaleyesus Bekele The management of Ethiopian Airlines is finalizing negotiations with the Government of South Sudan to establish a new regional airline in Juba, which will serve as a flag carrier for the newly-born African nation. Ethiopian Airlines will hold a 49 percent stake on the new start-up airline while the Government
The post Ethiopia, South Sudan to Establish New Airline appeared first on 6KILO.com.