
Fasika Tadesse
Writer at Bloomberg News
Covering Ethiopia for @business| Formerly Editor-in-Chief @addis_fortune| Posts are mine and re-posts ≠ endorsements
Articles
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1 month ago |
bloomberg.com | Fasika Tadesse
People walk in front of the head office of the Tigray People’s Liberation Front in Mekele, Ethiopia, in 2020. (Bloomberg) -- Ethiopia’s election board nullified its legal recognition of the party that rules the volatile northern Tigray region and waged a two-year war against the federal government amid ongoing divisions within its ranks.
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1 month ago |
bloomberg.com | Fasika Tadesse
(Bloomberg) -- Ethiopia expects five Chinese companies to invest a total of $1.75 billion in the East African nation, mainly in solar-cell manufacturing and mineral exploration, according to Finance Minister Ahmed Shide. Shanghai-listed CSI Solar Co., in which Canadian Solar Inc holds a majority stake, will spend $250 million on a plant producing solar modules and energy-storage products, while Sequoia Mining & Processing Plc plans to invest $600 million in coal exploration.
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1 month ago |
news.bloomberglaw.com | Fasika Tadesse
A draft memorandum of understanding on rescheduling of $8.4 billion under the G20 Common Framework is currently under review by both parties, State Minister for Finance Eyob Tekalign says in an interview.
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2 months ago |
news.bloomberglaw.com | Fasika Tadesse
Ethiopia raised 3.2 billion birr ($24 million) after selling 10% of the shares on offer in its maiden initial public offering that was open for more than four months. The nation sold 10.7 million shares in state-run Ethio Telecom for 300 birr each, the company said in a statement Friday. Ethiopia Investment Holdings, which controls 40 state-run companies including the telecom firm, planned to sell 100 million shares in a bid to raise 30 billion birr from the sale.
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2 months ago |
bloomberg.com | Fasika Tadesse
(Bloomberg) -- Ethiopia raised 3.2 billion birr ($24 million) after selling 10% of the shares on offer in its maiden initial public offering that was open for more than four months. The nation sold 10.7 million shares in state-run Ethio Telecom for 300 birr each, the company said in a statement Friday. Ethiopia Investment Holdings, which controls 40 state-run companies including the telecom firm, planned to sell 100 million shares in a bid to raise 30 billion birr from the sale.
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