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Etiopia
Foreign Competition Deficiency Clogging Financial Sector
[Addis Fortune] One of the fundamental defining characteristics of the Revolutionary Democrats and their developmental state approach to government is the zeal with which they shield the country's financial sector from foreign ownership. Ethiopia's policy of barring all foreign nationals, including Ethiopian natives with foreign nationalities, from owning shares in ...
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Etiopia
Half a Billion Br Rise in Ethiopia's Tourism Earnings
[Addis Fortune] Ethiopia secured foreign exchange to the sum of 3.4 billion Br from the tourism sector during the last fiscal year, according to the Ministry of Culture & Tourism. The figure has increased by half a billion birr compared to the 2014/15 fiscal year.
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Etiopia
DBE Extends 7.5 Billion Br in Loans to Industries
[Addis Fortune] The Development Bank of Ethiopia (DBE) have availed 7.5 billion Br in loans for industrial projects over the past 11 months. Local investors take the biggest share of the loan, with 75pc, while foreign companies took the remaining quarter.
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Etiopia
Was Dam Agenda Behind Netanyahu's East African Trip?
[Addis Fortune] The Israeli Prime Minister Benjamin Netanyahu's east African visit is said to be the first high official setting Prime Minister visit paid to these four upper Nile countries in recent times. The visit comes at a time when the construction of the Hidasse Dam on the Blue Nile ...
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Etiopia
Australian, New Zealander Investors Urged to Utilize Investment Opportunities
[Ethiopian Herald] Ethiopia is the most preferable foreign investment destination as it is endowed with abundant and diverse renewable energy resources,works for strong regional integration and has strong internal market as it is the second most populous country in Africa and the like.
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Etiopia
Liberia, Ethiopia Sign Cooperation Agreement
[LINA] Liberia, Africa's oldest independent republic and Ethiopia, Africa's oldest country, have signed an agreement to cooperate in the execution of projects and programs in various areas, including trade, industry, agriculture and fisheries, energy and infrastructure.
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Etiopia
Century: Exhibition Veteran Back to Bring in the New Year
Century Promotion is back on the scene to organise the New Year’s Exhibition, after more than three months of confrontation with the Addis Abeba Exhibition Centre & Development Enterprise. Following…
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Giappone
Dollar firmer around ¥106 in Tokyo on stocks surge
The dollar was firmer around ¥106 in Tokyo trading on Tuesday, supported by the continued strength of Japanese and overseas stocks. At 5 p.m., it stood at ¥105.95-95, up from ¥105.86-86 at the same time Friday, the previous market day. The euro was at $1.1058-1062, down from $1.1132-1132, and at ...
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Giappone
SoftBank shares dive on concerns over balance sheet
Shares in SoftBank Group Corp. plunged in Tokyo on Tuesday after it unveiled its ¥3.3 trillion takeover of chip designer ARM Holdings PLC, a deal that marks founder Masayoshi Son’s biggest gamble so far on the future of technology. The shares dropped as much as 11.3 percent to ¥5,329 as ...
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Giappone
Helicopter cash presents hopes for Japan, but history shows it can trigger hyperinflation
As Bank of Japan Gov. Haruhiko Kuroda confronts pressures to launch helicopter money, he could do a lot worse than remember the life — and death — of Viscount Korekiyo Takahashi. As Japan’s economic czar in the early 1930s, Takahashi initiated the equivalent of helicopter money, using the BOJ to ...