Tag Archives | Addis Ababa
Africa Brief: AU move leaves ICC relations in tatters, CEOs in Africa expect operations on continent to grow and more…
Algeria wants to revive long-neglected industries as a result of the disappointing economic performance due to its reliance on oil and gas. Prime Minister, Abdelmalek Sellal, told business leaders and trade unionists that “reindustrialisation must be the engine of strong and healthy economic growth”.
Not so long ago, for luxury goods retailers the African market boiled down to a tiny elite, in some cases just a corrupt ruling clique. Not anymore. Although millions of Africans remain stuck in crushing poverty, disposable incomes are on the up. Luxury firms like LVMH, which makes Moet and Hennessy luxury drinks as well as Louis Vuitton handbags, are targeting the burgeoning ranks of what South African retailers call “black diamonds “, or affluent African professionals.
Africa’s rate of urbanisation and the development of cities has been slow, but the rise of emerging African cities has coincided with the continent’s growth and rejuvenation …
The 22nd World Economic Forum (WEF) recently took place in Addis Ababa, Ethiopia. The theme of this year’s Forum was ‘Shaping Africa’s Transformation.’ The Forum hosted over 700 delegates from around the world who discussed and debated some of the issues required to drive Africa’s growth agenda. With the ongoing financial turmoil in traditional investment markets such as the United States and Europe, investment and expansion into Africa was at the top of the Forum’s agenda. The Forum highlighted the fact that there are huge opportunities for great investment returns in Africa and there was a specific focus on integrating and expanding Africa’s capital markets.
This week we travel to to the horn of Africa for a closer look at the investment opportunities and challenges in the East African nation of Ethiopia. With a population of close to 82-million, Ethiopia is the second most populous country in sub-Saharan Africa and the most populous land-locked country in the world.
Its capital, Addis Ababa, serves as the headquarters for both the African Union and the United Nations Economic Commission for Africa. Ethiopia has faced numerous hardships throughout its history.