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Zemedeneh Negatu Profile
Zemedeneh Negatu

@Zemedeneh

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Optimistic Ethiopian-American. Global Chairman, Fairfax Africa Fund (U.S.). PwC (U.S.) & EY (Africa) alumnus. Howard (BBA), Harvard (LSE), CPA (Washington).

U.S./Ethiopia/Africa
Joined February 2011
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@Zemedeneh
Zemedeneh Negatu
2 days ago
A very productive event yesterday to promote diaspora investments in #Ethiopia ’s manufacturing sector: garment, leather, agro, etc Collaborative investment & finance discussed. Heard from @HaileGebr & other manufacturing investors. Thanks for inviting me to speak. @melaku_alebel
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@Zemedeneh
Zemedeneh Negatu
3 days ago
How did China became an economic super power? By exporting! New data shows that in 2021 it exported $3.3 trillion, bigger than the GDPs of all countries except U.S., Japan & Germany. This should be a lesson for Africa - focus on value added exports to create sustainable wealth.
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@Zemedeneh
Zemedeneh Negatu
4 days ago
Manufacturing in #Ethiopia has big growth potential. FMCG (fast moving consumer goods), pharmaceuticals, agro-processing, garments, etc are in big demand locally & for exports. So, I encourage the diaspora to attend. We’ll share our experiences & business network. @melaku_alebel
@melaku_alebel
Melaku Alebel Addis
6 days ago
The Ministry of Industry invites you to an event that promotes the manufacturing sector to the diaspora and local investors on January 14, 2022. Don’t miss it! Be part of the existing discussions. Register Here:
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@Zemedeneh
Zemedeneh Negatu
5 days ago
“Profitable & cash flow positive” don’t usually describe African airlines expect Ethiopian Airlines (ET). @Reuters reports (video) ET is indeed profitable. Cargo booming & passenger load at 70% of pre-covid. ET is one of the few global airlines not bailed-out in 2020. #Ethiopia
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@Zemedeneh
Zemedeneh Negatu
6 days ago
The @FT ’s “Big Read” is “China applies breaks to Africa lending”. I suggest “China continues lending to Africa”. It just committed $40 billion more for 3 years. #Africa ’s critical infrastructure wouldn’t have been built if it wasn’t for China. However, loan issues must be fixed.
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@Zemedeneh
Zemedeneh Negatu
7 days ago
Excellent development: President Biden and Prime Minister Abiy Ahmed talked directly by phone. Source: PM @AbiyAhmedAli ’s Tweet below. This is how the relationship between the two countries should be managed - at the highest level and directly. #Ethiopia #Africa @POTUS
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@Zemedeneh
Zemedeneh Negatu
7 days ago
Europe is unhappy the U.S. is discussing Europe with Russia without Europeans. Today’s @nytimes below. Perhaps now Europe understands why #Ethiopia has been saying the U.S. should discuss Ethiopia directly with Ethiopia and not third parties. See my recent tweet below. #Africa
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@Zemedeneh
Zemedeneh Negatu
8 days ago
Today’s @nytimes has an insightful story of how U.S. economic sanctions work against Russia. The U.S. considering cutting-off Russia from SWIFT, the global bank transfer system, impacting the resource rich economy with a $625 billion reserve. A cautionary tale for others.
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@Zemedeneh
Zemedeneh Negatu
11 days ago
Here’s a great initiative by investors in pharmaceutical companies: They’re demanding that executives of Pharma companies must equitably distribute covid vaccines worldwide including Africa or their individual pay will be affected. Now, that’ll get executive attention! Via @FT
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@Zemedeneh
Zemedeneh Negatu
11 days ago
To @KAmekebo , thank you for correcting me. Christmas is celebrated tomorrow not only by orthodox christians. It was an oversight on my part. So, Merry Christmas to ALL! መልካም ገና ነገ ለሚያከብሩ ሁሉ።
@KAmekebo
kibreab AMekebo
11 days ago
Christmas is not only for orthodox, as the name indicates for those who follow Jesus Christ. Be careful for everything you post please, since you are respected.
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@Zemedeneh
Zemedeneh Negatu
11 days ago
Merry #OrthodoxChristmas to all Ethiopians and others around the world who celebrate it. ለመላው ኢትዮጵያውያን እና ሌሎችም መልካም የኦርቶዶክስ ገና በአል ይሁንላችሁ። #Ethiopia #ኢትዮጵያ
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@Zemedeneh
Zemedeneh Negatu
13 days ago
Today Apple’s market cap reached $3.0 trillion, bigger than UK’s GDP. 4 others worth $1 trillion+. All are tech innovators: Microsoft, Tesla, Amazon, Google. The U.S’s entrepreneur friendly eco-system enabled Steve Jobs, Elon Mask, Bill Gates, etc, to found these companies.
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@Zemedeneh
Zemedeneh Negatu
15 days ago
The @washingtonpost : “The golden age of public libraries dawns again….as the world enters 2022, public libraries are emerging as one of the bright spots - literally”. Coincidentally, it was published on the day “Enlightenment” library was inaugurated in Addis Abeba, #Ethiopia .
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@Zemedeneh
Zemedeneh Negatu
15 days ago
A few months ago a group of us had toured the construction site of the huge public library under construction in Addis (picture right). Yesterday the beautiful library named “Enlightenment” (Abrehot) was inaugurated by #Ethiopia ’s PM @AbiyAhmedAli . Picture left via @PMEthiopia .
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@Zemedeneh
Zemedeneh Negatu
16 days ago
To #Kenya & #SouthAfrica : Merging SAA & KQ without resolving their deep structural issues will only create a non-viable airline. Also, note that your competitor is NOT Ethiopian Airlines, it’s non-African carriers (BA, LH, AF, TK, etc) with 80% market share in #Africa . #Ethiopia
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@Zemedeneh
Zemedeneh Negatu
16 days ago
Remittances by Ethiopia’s disapora was $1.6b first 5 months of the fiscal year. @DiasporaAgency MY VIEW: Remittances may top $4.0b (3.8% of GDP) for the year. However, new policies needed to encourage the diaspora to send remittances not just for consumption but investments too.
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@Zemedeneh
Zemedeneh Negatu
17 days ago
President Biden recently held calls directly with President Xi Jinping & President Putin to discuss important national security matters. Pres. Biden & PM Abiy Ahmed too should hold a similar direct call. #Ethiopia -U.S. relationship is consequential for both countries & Africa.
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@Zemedeneh
Zemedeneh Negatu
19 days ago
Electric vehicle (EV) is the future. For environmentally clean, renewable energy rich #Ethiopia (hydro, geothermal, solar, wind) investing in EV infrastructure will reduce oil imports & give the country energy independence and security. @HaileGebr @dagmawit_moges @HMGnewsroom
@dagmawit_moges
Dagmawit Moges
20 days ago
Pleased to attend the launching ceremony of the first #ElectricVehicles Charging Station & the newly established assembly line for additional models (Hyundai KONA) of #EVs by Marathon Motors Engineering, a pioneer on #EVs assembly in Ethiopia. @AbiyAhmedAli @DemekeHasen 1/3
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@Zemedeneh
Zemedeneh Negatu
20 days ago
5 top global airlines who operate the largest fleet of the new Airbus A350 wide-body aircraft: 1 Qatar Airways 2 Singapore Airlines 3 Japan Airlines 4 Lufthansa 5 Ethiopian Airlines (ET) Via: @simple_flying ET used to fly Boeing jets only until 5 years ago. #Ethiopia #Africa
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