Cepheus Capital Research
Cepheus Capital Research

Cepheus Capital Research

Coverage: Ethiopia
Cepheus Capital is a private equity firm focused on the Ethiopian market. Cepheus Capital provides local insights into Ethiopia’s latest macroeconomic developments, evolving market and financial conditions, and sector-specific themes and trends.
Location: Addis Ababa

Analysts

Latest articles from Cepheus Capital Research

Ethiopia: Macroeconomic Handbook 2021

We expect Ethiopia’s macroeconomic conditions in 2021 will be shaped largely by developments in six key areas: covid, conflict, crops, credit, creditors, and currency. Crops:Is the crop harvest this year turning out to be a boom or a bust? For our ba...
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Cepheus Capital Research @ Cepheus Capital Research 1 March 2021
Ethiopia: Macroeconomic Handbook 2021
Ethiopia: Macroeconomic Handbook 2021

Ethiopia: Quarterly Macroeconomic Review – Q4 2020

Growth: We continue to project 4.1 percent growth for the current fiscal year, on the basis of a broadly unchanged crop output, 9 percent growth in industry, and 4 percent growth in services. Although there is much uncertainty on the crop outlook (wh...
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Cepheus Capital Research @ Cepheus Capital Research 28 February 2021

Ethiopia's Treasury Bills Market: A one-year overview

Background:Ethiopia’s T-Bill auctions were set up in December 2019 as the first step in the establishment of market-based debt and equity markets that eventually cover both the public and private sectors. For private banks, T-Bills make up roughly 4%...
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Cepheus Capital Research @ Cepheus Capital Research 30 December 2020

Ethiopia's GDP Statistics: Data pack and some observations

Ethiopia’s National Planning Commission recently released the final GDP estimates for the 2019-20 fiscal year that ended in June 2020. While the headline figure—of 6.1 percent real GDP growth—has been widely reported, other aspects have received less...
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Cepheus Capital Research @ Cepheus Capital Research 18 December 2020
Ethiopia's GDP Statistics: Data pack and some observations
Ethiopia's GDP Statistics: Data pack and some observations

Ethiopia: Conflict to have limited economic impact

The conflict that has broken out in Ethiopia over the past few weeks appears – based on recent developments – likely to be short-lived in its duration and confined in its geographic scope. We now project inflation of 13 percent by mid-2021, and see p...
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Cepheus Capital Research @ Cepheus Capital Research 8 December 2020
Ethiopia: Conflict to have limited economic impact
Ethiopia: Conflict to have limited economic impact

Ethiopia's Industrial Parks

We review the 2019-20 performance of Ethiopia’s industrial parks, which now consist of 10 active sites, 189 companies, and 71,000 employees. However, their export performance is well below expectations, especially as the COVID pandemic reduced monthl...
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Cepheus Capital Research @ Cepheus Capital Research 29 September 2020