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Fasika Tadesse

Ethiopia, Ādīs Ābeba Āstedader

Writer at Bloomberg News

Covering Ethiopia for @business| Formerly Editor-in-Chief @addis_fortune| Posts are mine and re-posts ≠ endorsements

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Articles

  • 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.

  • 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.

  • 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.

  • 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.

  • 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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Fasika Tadesse
Fasika Tadesse @FasikaTade
30 Apr 25

RT @KalKassa: Congratulations to David Pan and Fasika Tadesse on becoming International Reporting finalists for the Livingston Awards for Y…

Fasika Tadesse
Fasika Tadesse @FasikaTade
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RT @AntonySguazzin: 🧵As the war in Ukraine saps Russia of its workforce, the country is aggressively recruiting young women around the worl…

Fasika Tadesse
Fasika Tadesse @FasikaTade
25 Apr 25

RT @ray_ndlovu: As the war in Ukraine saps Russia of its workforce, the country is aggressively recruiting young women around the world to…