The Children's Place cancels millions of dollars of garment orders from Ethiopia

The Children’s Place cancels millions of dollars of garment orders from Ethiopia

The largest childrenswear retailer in the US has cancelled millions of dollars worth of clothing orders from suppliers in Ethiopia because of the coronavirus pandemic, pushing companies into debt and leaving employees facing pay... Read more »
Under Abiy, Ethiopia’s media have more freedom but challenges remain

Ethiopia appoints KPMG to advice on Ethio Telecom privatization

ADDIS ABABA (Reuters) – Ethiopia has appointed a transaction adviser in the privatization process for state-run Ethio Telecom, and another adviser will be selected in coming weeks to oversee licensing in the... Read more »
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Under Abiy, Ethiopia’s media have more freedom but challenges remain

MTN Eyes Ethiopia Entry as Country Prepares to Open Market

MTN Group Ltd. has identified Ethiopia as a rare new market into which Africa’s largest wireless carrier wants to expand. “There are a few large markets that are under-penetrated and where there is... Read more »
Under Abiy, Ethiopia’s media have more freedom but challenges remain

Ethiopia and Kenya are struggling to manage debt for their Chinese-built railways

In the wake of the Belt and Road Initiative(BRI) Forum in Beijing six weeks ago, Ethiopia gained another Chinesedebt-concession. China’s second-largest African borrower and prominentBRI partner in infrastructure finance also received a... Read more »
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Ethiopia launches electronic investment guide

Addis Ababa, (FBC) –An electronic investment guide (iGuide) to Ethiopia was officially launched today at a ceremony held in Addis Ababa at the United Nations Conference Centre (UNCC). The web-based investment promotion... Read more »
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Indians Say They’re Being Held Hostage in Ethiopia Over Unpaid Wages

Bloomberg- India’s foreign ministry is investigating claims by expatriates in Ethiopia who say they are being held hostage by local staff that haven’t been paid after the financier Infrastructure Leasing & Financial... Read more »