Reuters: Ethiopia News

IMF cuts sub-Saharan Africa 2012 growth forecasts

Mon, 14 May 2012 03:30:00 +0000

JOHANNESBURG, May 14 (Reuters) - Sub-Saharan Africa's economies will expand at a slower rate in 2012 than earlier projected, undermined by global financial distress and a sluggish recovery in South Africa, the International Monetary Fund (IMF) said on Monday.

CORRECTED-Middle East investors slowly wake up to Africa

Sun, 13 May 2012 11:37:41 +0000

ADDIS ABABA, May 11 (Reuters) - Flush with cash from oil and stuck with few options for growth in developed markets, Middle East investors are increasingly looking to nearby Africa.

CORRECTED-Middle East investors slowly wake up to Africa

Sun, 13 May 2012 11:33:54 +0000

(Corrects spelling of Aureos Capital, Abraaj Capital, location of Abraaj, the names of Aureos' regional managing partner and Abraaj Capital partner, and Actis.)

CORRECTED-Middle East investors slowly wake up to Africa

Sun, 13 May 2012 11:31:01 +0000

(Corrects spelling of Aureos Capital, Abraaj Capital, location of Abraaj, the names of Aureos' regional managing partner and Abraaj Capital partner, and Actis.)

UPDATE 1-Athletics-Gatlin and Felix outsprint Jamaicans in Doha

Fri, 11 May 2012 20:59:30 +0000

* Kenyans Choge and Cheruiyot win 3,000 metres (Adds detail, further quotes)

Middle East investors slowly wake up to Africa

Fri, 11 May 2012 14:34:24 +0000

ADDIS ABABA, May 11 (Reuters) - Flush with cash from oil and stuck with few options for growth in developed markets, Middle East investors are increasingly looking to nearby Africa.

S.Africa will manage impact from stalled toll-Gordhan

Fri, 11 May 2012 10:22:53 +0000

ADDIS ABABA, May 11 - South Africa is looking at options to retire a multi-billion rand debt incurred by the state road agency for highway upgrades, after a court halted a planned road toll to recoup the money, Finance Minister Pravin Gordhan said on Friday.

African Markets - Factors to watch on May 11

Fri, 11 May 2012 06:08:14 +0000

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Friday. - - - - - EVENTS: KENYA - Central Bank of Kenya to issue a statement on the weekly foreign exchange reserve . ETHIOPIA - Last day of the 2012 World Economic Forum in Addis Ababa, Ethiopia. GLOBAL MARKETS Asian shares retreated on Friday, spooked by JPMorgan's $2 billion loss from a failed hedging strat

UPDATE 1-Ethiopia inflation slows to 29.8 pct in April

Thu, 10 May 2012 18:28:34 +0000

ADDIS ABABA, May 10 (Reuters) - Ethiopia's year-on-year inflation fell for the second straight month to 29.8 percent in April from 32.5 percent in March, thanks to a drop in food prices, the statistics office said on Thursday.

Ethiopian Muslims protest government 'interference'

Thu, 10 May 2012 18:18:43 +0000

ADDIS ABABA, May 10 (Reuters) - On the outskirts of Addis Ababa, a muezzin leads a solemn sermon at a mosque before thousands of worshippers stamp their feet to protest against what they say is the Ethiopian government's interference in religious affairs.