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Ethiopia's birr appears set to depreciate further unless the nation is able to boost its foreign-currency reserves and investment flows, and narrow its current-account deficit, Citigroup Inc. said....
The Ethiopian Capital Market Authority (ECMA) has licensed five new capital market service providers (CMSPs), including the first investment banks. ......
Ethiopia granted its first investment banking licenses to two local firms in the nation's latest effort to liberalize the tightly controlled economy....
Ethiopia's sovereign wealth fund has signed a shareholder agreement with UK private equity firm Asset Green for a $600 million dairy farming and processing project in the Horn of Africa nation....
Abu Dhabi-listed Phoenix Group has signed an 80-megawatt (MW) power purchase agreement (PPA) in Ethiopia, marking its expansion into the African ......