Ethiopia’s flag carrier Ethiopian Airlines has concluded a loan agreement of 50 Million Euros with the Agence Française de Développement (AFD). The loan is going to used for financing the construction of the new state of the art cargo terminal.
Ethiopian Airlines has mandated Natixis as Pre Delivery Payment (PDP) Facility Lead Arranger and Eastern and Southern African Trade and Development Bank (PTA Bank) as PDP Facility Co-Arranger to provide pre-delivery payment loan financing for its batch of four new Boeing 777-200 LR Freighter aircraft, to be delivered between autumn 2014 and winter 2015.
Ethiopian Securities Exchange (ESX) is attracting both domestic and foreign investors in line with its capital-raising objectives. Siinqee Bank recently became the second equity acquirer after Zemen Bank, with other investors also showing interest.
Ethiopian National Bank’s Senior Macroeconomic Advisor Melesse Minale stated that foreign companies which were aware of Ethiopia’s decision to launch a securities exchange under the Capital Market Proclamation were expressing interest to establish their presence in the market.
Melesse Minale disclosed that three well known global companies were desirous to participate in Ethiopian Securities Exchange and added that technical discussions were underway.
The Ethiopian Securities Exchange has started its Capital Roadshow aiming to attract actors in the financial sector into buying shares and becoming stakeholders of ESX. It also announced that it would commence issuing licenses to capital brokers, dealers, and advisors in September this year.
