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RE:JB Morgan - 50 Billion fund for Ethiopia development

[Fertiman]

A massive fund that will develop Ethiopia's infrastructure.

Fertiman wrote: If you can't see the big picture of what's going on in Ethiopia you are blind IMO!

Eurobond and Allana Potash

posted on Dec 09, 14 12:25AM Use the IP Check tool[?]

Checkout this article I found today. Part way down you will see the reference to Allana.

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Eurobonds and potash will boost Ethiopia and Africa’s food security

Posted on December 8, 2014by Alessandro Bruno

Ethiopia issued a dollar based bond to fund its development goals focused on increasing agricultural production, power generation and transportation infrastructure including the 6,000 megawatt Millennium Dam hydroelectricity project on a Nile river tributary. Deutsche Bank and JP Morgan will be handling the sale of the ten year bond (yielding 6.75%). Ethiopia has been Africa’s fastest growing economy for the past few years; it follows in the lead of other African countries that have issue similar bonds (Eurobonds) recently, including Kenya, Ivory Coast, Senegal and Ghana. Ethiopia’s bond issue reflects both the scope of its development ambitions – needing to raise at least USD$ 50 billion before the end of the decade to complete its development targets – and foreign investors’ growing interest in the country and Africa in particular. The Millennium Dam is seen as crucial to boosting agriculture in Ethiopia as well as some of its neighbors such as South Sudan, Kenya and Uganda. Indeed, Ethiopia has taken full responsibility for funding the Millennium Dam in order to establish greater control over the flow of the Nile waters and its power will allow Ethiopia to become a regional hydro-electricity hub.

-https://investorintel.com/potash-phosphate-intel/eurobonds-potash-will-boost-ethiopia-africas-food-security/