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Zemedeneh Negatu

@Zemedeneh261,643 subscribers

Optimistic Ethiopian-American. Co-founder/CEO, CBE Capital, Chairman Fairfax Africa (US), ex. EY Managing Partner, PwC (US) alumnus. Howard (BA), Harvard (LSE)

Shorts

Ethiotelecom—one of the largest telcos in Africa—this morning listed on ESX. A huge milestone. Beautiful ringing of the bell ceremony, Congratulations! ኢትዮቴሌኮም—በአፍሪካ ካሉት ትላልቅ ቴሌኮምች አንዱ—ዛሬ በESX ላይ ተመዝግቧል። ይህ ትልቅ ስኬት ነው። በ CBE ካፒታል ኢንቨስትመንት ባንክ ስም እንኳን ደስ አላችሁ! በደማቅ ሁኔታ የደወል ሥነ ሥርዓት ተካሄደ Ethio telecom CBE Capital Ethiopian Capital Markets Authority Ethiopian Securities Exchange (ESX) National Bank of Ethiopia Ethiopia Kenya Nigeria Tanzania Uganda Rwanda

Ethiotelecom—one of the largest telcos in Africa—this morning listed on ESX. A huge milestone. Beautiful ringing of the bell ceremony, Congratulations! ኢትዮቴሌኮም—በአፍሪካ ካሉት ትላልቅ ቴሌኮምች አንዱ—ዛሬ በESX ላይ ተመዝግቧል። ይህ ትልቅ ስኬት ነው። በ CBE ካፒታል ኢንቨስትመንት ባንክ ስም እንኳን ደስ አላችሁ! በደማቅ ሁኔታ የደወል ሥነ ሥርዓት ተካሄደ Ethio telecom CBE Capital Ethiopian Capital Markets Authority Ethiopian Securities Exchange (ESX) National Bank of Ethiopia Ethiopia Kenya Nigeria Tanzania Uganda Rwanda

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Video of the dramatic and beautifully transformed capital city of the world’s second fastest growing economy and a major African business hub. It’s also the continent’s diplomatic center—HQ of the African Union (AU). It took less than five years to transform it!

Video of the dramatic and beautifully transformed capital city of the world’s second fastest growing economy and a major African business hub. It’s also the continent’s diplomatic center—HQ of the African Union (AU). It took less than five years to transform it!

566,312 次观看

A couple of weeks ago in my tweet titled “Is air travel still safe in America?” I stated that “the public’s confidence, for now, is still high”. However, the frequency of incidents like American Airlines yesterday at Denver airport (video) could erode confidence. As I stated before, to sustain the public’s confidence in the safety of America’s air travel, which is the global gold standard, it will require lots of continuous hard work by all stakeholders - FAA, the airlines, Congress, White House, aircraft manufacturers, airports, etc.

A couple of weeks ago in my tweet titled “Is air travel still safe in America?” I stated that “the public’s confidence, for now, is still high”. However, the frequency of incidents like American Airlines yesterday at Denver airport (video) could erode confidence. As I stated before, to sustain the public’s confidence in the safety of America’s air travel, which is the global gold standard, it will require lots of continuous hard work by all stakeholders - FAA, the airlines, Congress, White House, aircraft manufacturers, airports, etc.

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Videos

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Impressive exhibition of “Made in Ethiopia” manufactured products (video) at the very beautiful new Addis Abeba International Convention Center (AICC). Ethiopia’s manufacturing capacity has grown steadily in the past few years. It now produces wide variety quality products including: Trucks Buses Electric Vehicles (EV) Solar panels Drones Electronics Tractors Boats Furniture Food & beverages Manufacturing is one of the 5 key pillars of Ethiopia’s home grown economic reform program. With the world’s 3rd cheapest energy per kwh, 47+ million young, trainable, deployable work force (2nd largest in Africa), abundant natural resources, close proximity to global export markets, and access to the 1.2 billion African market via the AfCFTA, Ethiopia is well positioned to be the “China of Africa” manufacturing hub. The country has been amongst the 5 largest recipients of FDI in Africa for the last 5 years in a row (Number 2 in 2025) and most of the FDI has been in the manufacturing sector. Domestic investors too have been actively investing in the manufacturing sector including the investment by one of the country largest local companies (East Africa Holdings) which recently inaugurated Africa’s largest cement factory (Lemi). Another large local company (BKG) produces electric buses, vehicles and charging stations. Drones too are now produced locally. I was glad to meet at the exhibition two women who lead two very successful furniture manufacturers—Technostyle (Amelework) and Waryt (Tihitina). Very impressive high quality furniture locally manufactured for export and the domestic market. We at CBE Capital Investment Bank CBE Capital are already working with many Ethiopian manufacturers in capital raising (IPOs, Private Placements), M&A, JVs with international investors, etc. and look forward to supporting them in their future growth. Nigeria Kenya South Africa Tanzania Uganda Rwanda Melaku Alebel Addis Office of the Prime Minister - Ethiopia kassahun gofe Ethiopian Investment Commission (EIC) Eyob Tekalign Tolina(PhD) Fitsum Assefa Adela Ministry of Finance - Ethiopia 🇪🇹 Adanech Abiebie ብሩክ ታዬ Brook Taye Ethiopian Investment Holdings Abie Sano

Zemedeneh Negatu

510,471 次观看 • 1 个月前

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Urban redevelopment at its best! The Kazanchis area in #Ethiopia’s capital, Addis Abeba. My family lived in Kazanchis a long time ago before we moved to the U.S. It has now been beautifully redeveloped beyond recognition. Congratulations PM Abiy Ahmed Ali 🇪🇹. Also like to congratulate Mayor Adanech Abiebie, other city officials/ professionals and the residents of Addis. 👏 👏 👏 INSIGHT & ANALYSIS The re-birth of Addis has huge longterm economic & societal benefits for Ethiopia. Those who knew the old streets and neighborhoods of Addis now have to rely on Google Map and GPS since everything has changed dramatically for the better: New roads and highways, modern residential and commercial buildings, utility cables buried underground (no more ugly eyesores), standardized building and street signages, well-lit clean green streets, absolutely beautiful functional parks (my favorite is Friendship), museums (the magnificently restored National Palace and the newly built Adwa Museum are world-class must visits), cafes and restaurants everywhere, EV charging stations, etc. The redeveloped palm-tree lined 3.5 mile drive from Bole Airport to Meskel Square, especially at night, has an incredible “Wow” factor unparalleled by any major African capital city. The newly installed giant LCD screens everywhere, including the flyover bypasses, make it feel like Times Square in New York, the Ginza district in Tokyo or Sheikh Zayed Road in Dubai. The old fashioned ugly static billboards have been banned and removed. The Addis we wished when traveling or living aboard is visible now (albeit it’s a work in progress). And, as Ethiopia positions itself as a major African regional economic hub (it’s consistently ranked amongst the 5 top FDI destinations in Africa and already hosts the largest number of diplomatic missions in Africa and 3rd largest in the world), it’s absolutely essential for Addis to be transformed, as is happening now. Of course improving the quality of life of its 130+ million citizens (amongst the 10 most populous countries in the world) is the priority goal. Addis accounts for about 30% of the country’s GDP and is forecast by “The Economist” to achieve an average annual GDP growth of 10.6% in the next 10 years, the fastest growth of any African city. I grew up in Washington DC and recall the redevelopment of the city starting in the mid-1980s. Washington, at the time, was rundown and neglected especially the downtown area. Today, it’s one of the most beautiful livable cities in the world. Of course it took more than 30+ years to transform DC even with the deployment of enormous resources by the U.S and DC government and investments by American private companies. I see many similarities between DC and the redevelopment of Addis, but it’s being achieved in a much shorter period with much less resources. This shows that Ethiopians can think BIG and achieve BIG! Let’s keep it up👍 👍 👍

Zemedeneh Negatu

173,821 次观看 • 1 年前

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Ethiopian Airlines’s CEO’s great interview with the BBC. #Ethiopia #Nigeria #Kenya #SouthAfrica Highlights from the interview: *$8.0 billion revenue by June, ahead of its orginal plan under “vision 2025” (ET is amongst the 30 largest airlines in the world and by far Africa’s largest. It’s bigger than Africa’s four largest flag carriers - Egypt Air, Kenya Airways, Royal Air Maroc and South African Airways - COMBINED). *110 million passengers airport starts construction this year (will be amongst the 5 largest in the world and cost $10 billion when completed). *ET has ordered approximately 70 new Boeing aircrafts, firm & options, which will be delivered over the next few years. *ET manufactures sophisticated parts in Ethiopia for Boeing aircrafts. Comments above in parenthesis ( ) added by me. Additional insight about the strong and decades-long relationship between ET and Boeing: *ET is by far Boeing’s largest customer in Africa. The airline currently flies 162 aircrafts and the vast majority are Boeings including 777s, 787s and 737s. The ~70 new Boeing aircrafts on order, worth billions of dollars, will create/maintain thousands of high paying American jobs. *Yesterday Boeing inaugurated its new Africa headquarters in Addis Abeba, further strengthening the U.S-Ethiopia investment and trade relationships. This aligns with President Trump’s policy of prioritizing trade and investments globally including with African countries. Ethiopia too is prioritizing even more trade and investments with the U.S. The U.S. has been running a trade surplus with Ethiopia for many years primarily because of the billions of dollars of Boeing sales to ET. Furthermore, ET is the largest customer in Africa of the U.S. government’s EXIM Bank based in Washington. Note: ET is on track to have 260+ aircrafts in the next several years, the vast majority will be Boeings but will also include Airbus aircrafts and others. Full interview at BBC News Africa

Zemedeneh Negatu

60,907 次观看 • 1 年前