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Fitch Affirms Ethiopia at 'B'; Outlook Stable

(The following statement was released by the rating agency) PARIS/LONDON, November 07 (Fitch) Fitch Ratings has affirmed Ethiopia's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'B'. The Outlooks on the Long-term IDRs are Stable. The Country Ceiling and the Short-term foreign currency IDR are both affirmed at 'B'. KEY RATING DRIVERS Ethiopia's 'B' IDRs reflect the following key rating drivers:- -Ethiopia is vulnerable to shocks even compared with 'B' rated peers despite strong improvements in its World Bank governance indicators and development indicators over the past decade. This is balanced by strong economic performance and improved public and external debt ratios since debt relief under HIPC in 2005-2007. -Macroeconomic performance is broadly in line with rated peers. The public sector-led development strategy implemented over the past decade, focusing on heavy investments in infrastructure, has sustained strong real

Sidama Agro-Pastoralism and Ethnobiological Classification of its Primary Plant, Enset (Ensete ventricosum)

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Abstract Enset is an essential plant for the Ethiopian Sidama system of agropastoralism. Sidama agropastoralism and the folk taxonomy of enset is presented here in ethnographic context. One of several societies of Ethiopia’s enset complex, the highland Sidama are among the most wholly reliant on enset and maintain more enset varieties in their gardens than other groups. Sidama agro-pastoral systems revolve around human-enset-cattle interaction: Sidama eat low-protein parts of enset; cattle eat high-protein parts of enset; Sidama get protein from dairy; Sidama fertilize enset with cattle manure. In the Sidama language, enset offers an example of Hunn’s generic elevation within the framework of Berlinian perceptual-taxonomic theory. Weesho (enset) may serve both as a folk generic taxon and a life-form taxon depending on the frame of reference. Such expansion allows for an intermediate taxa translating to “male” or “female” ensets, followed by generic and specific taxa for kinds or

Sidama Bunna - Dashen Birra H2H team comparision

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09 November 2014 07:00 Yirgalem Stadium Premier League Teams H2H Performance Sidama Bunna @ Home Dashen Birra @ Away 1 of 1   %100 Wins %0   0 of 1 0 of 1   %0 Draw %0   0 of 1 0 of 1   %0 Loss %100   1 of 1 0 of 1   %0 Over 2.5 %0   0 of 1 1 of 1   %100 Under 2.5 %100   1 of 1 0 of 1   %0 Both Teams to Score %0   0 of 1 Matches between Sidama Bunna & Dashen Birra (2) Date Competition Match Info 15.06.2014 Premier League Sidama Bunna 1 - 0 Dashen Birra 23.02.2014 Premier League Dashen Birra 0 - 0 Sidama Bunna General statistics General Statistics Sidama Bunna Total Home Away Dashen Birra Total Home Away Total Played 2 1 1 2 1 1 Wins 1 1 0 0 0 0 Draws 1 0 1 1 1 0 Losses 0 0 0 1 0 1 Goals for 1 1 0 0 0 0 Goals against 0 0 0 1 1 0

Ethiopian government's witchhunt against privately-owned media

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At least six publications have had to close in recent months and around 30 journalists have fled abroad since the start of the year as a result of the biggest crackdown on the privately-owned press since 2005, one reflecting a government desire to make a clean sweep of independent media before parliamentary elections next May, local analysts say. In the latest development, Reporters Without Borders learned on 1 November that magazine editor Temesgen Desalegn has been transferred to a (...) Full text

Ethiopia: ‘B’ rating by Fitch To debut Eurobond

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Addis Ababa (HAN)  November 7, 2014 –  Public diplomacy and Regional Financial investment news . Ethiopia announces plans to issue Eurobond to interest foreign investors to the country.  Ethiopia, which has previously said it was considering issuing a Eurobond, was awarded a ‘B’ rating by Fitch on Friday with a stable outlook. Kenya, which plans a Eurobond worth up to $2 billion, has received a ‘B+’ rating by Fitch. This decision  offers an opportunity for Ethiopia, to enter international capital markets. Ethiopia has mostly relied on domestic resources and Chinese loans to finance big infrastructure projects across the country. It clear now when it might tap international markets. With the global financial situation on the fence it would be interesting to see how this plays out. Foreign investors are closely watching Ethiopia, attracted by a decade of high growth and a market of about 90 million people.   Investors in the Emerging markets have exhibited  appetite for the Bon