Ethiopia plans Eurobond once rating review complete - PM


  • World
  • Friday, 11 Oct 2013

ADDIS ABABA (Reuters) - Ethiopia plans a debut Eurobond once it has secured a credit rating but will not open its "cash cow" telecoms firm or state banks to foreigners while their revenues are needed to fund new infrastructure, the prime minister said.

Hailemariam Desalegn's comments in a Reuters interview on Thursday mean two of the sectors most attractive to foreign investors will be off limits for years, disappointing firms that are eager to tap one of Africa's fastest growing economies.

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