Ethiopia : Ethiopia’s Hot, Nigeria’s Not, for Investors Eyeing Africa

Clyde C Coger Jr

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Ethiopia’s Hot, Nigeria’s Not, for Investors Eyeing Africa



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Pedestrians at the Merkato open air market in Addis Ababa. Photographer: Simon Dawson/Bloomberg


The buzz at the World Economic Forum on Africa, an annual summit of the continent’s rich and powerful, is all about Ethiopia, where the economy is flourishing and the government is embracing select foreign capital. Executives from General Electric Co., Dow Chemical Co., Standard Bank Group Ltd. and MasterCard Inc. attending the June 3-5 gathering in Cape Town all singled out the East African nation as a market with strong potential ...

Construction Boom

... On Thursday, Dangote Group, the Nigerian company controlled by Aliko Dangote, Africa’s richest man, said it will spend $500 million expanding its cement plant in Ethiopia, adding to $600 million already invested ...


http://www.bloomberg.com/news/artic...-nigeria-s-not-for-investors-targeting-africa


...
 

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