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Friday, December 5, 2014
Not Just for Export: Ethiopia's Coffee Culture
My first trip to a coffee-producing country was in 2008. I was traveling to Costa Rica, and right up there with surfing in Tamarindo and seeing the Volcan Arenal was what I considered a culinary must: sampling some fabled Costa Rican roast.
Imagine my dismay when, upon settling into a cozy local restaurant, and requesting a coffee, I received... Nescafe.
As I continued to travel to countries famous for their coffee - Peru, Tanzania, Rwanda - I realized that my experience in Costa Rica was no aberration. As many frustrated travelers come to find, the countries richest in coffee often produce almost exclusively for export, resigning themselves to drinking instant.
Not so in Ethiopia.
Coffee culture in Ethiopia - considered to be the drink's birthplace - dates back centuries, and continues to this day. In fact, according to the International Coffee Organization (ICO), domestic coffee consumption accounts for more than half of the country's production; unheard of in Africa.
Indeed, when I recently visited Addis Ababa, Ethiopia's bustling capital, I was overwhelmed by the abundance of good, strong coffee. And not just at "western" shops and restaurants, but on the street, at work, and in small local cafes. I tried the "macchiato"; not the kind we associate with Starbucks, but a shot of milk topped with ultra-strong espresso, served in a small glass and occasionally drizzled with cocoa.
Imagine my dismay when, upon settling into a cozy local restaurant, and requesting a coffee, I received... Nescafe.
As I continued to travel to countries famous for their coffee - Peru, Tanzania, Rwanda - I realized that my experience in Costa Rica was no aberration. As many frustrated travelers come to find, the countries richest in coffee often produce almost exclusively for export, resigning themselves to drinking instant.
Not so in Ethiopia.
Coffee culture in Ethiopia - considered to be the drink's birthplace - dates back centuries, and continues to this day. In fact, according to the International Coffee Organization (ICO), domestic coffee consumption accounts for more than half of the country's production; unheard of in Africa.
Indeed, when I recently visited Addis Ababa, Ethiopia's bustling capital, I was overwhelmed by the abundance of good, strong coffee. And not just at "western" shops and restaurants, but on the street, at work, and in small local cafes. I tried the "macchiato"; not the kind we associate with Starbucks, but a shot of milk topped with ultra-strong espresso, served in a small glass and occasionally drizzled with cocoa.
Tyler Perry's Girlfriend Ethiopian's Gelila Bekele Gives Birth, Couple Welcomes Baby Boy Aman(አማን)
An early holiday gift! Tyler Perry and his model girlfriend Gelila Bekele have welcomed their first child together, sources confirm to Us Weekly. The couple's son Aman Tyler Perry arrived on Sunday, Nov. 30.
"They are totally and completely excited, and really looking forward to their first holiday with their son," a source tells Us. "Everybody is happy and healthy."
Us confirmed back in September that Perry and Bekele, 28, were expecting. The If Loving You Is Wrong creator announced the news to loved ones at his 45th birthday bash at his Atlanta, GA., home on Sept. 22.
"They are overjoyed and really, really happy," an insider told Us at the time. "He was so happy in the moment so he told the guests."
Days later, Perry accidentally revealed that the couple were having a son. "The greatest gift I'm being given right now is the opportunity to give the little boy in me everything I never had, so that's what I'm excited about," the filmmaker-mogul said during an interview with Extra.
"This beautiful human being that God has allowed to come into my life for me to get to know, because they come with their own personalities," he continued, "...to shepherd and usher him."
Read more: http://www.usmagazine.com/celebrity-moms/news/tyler-perrys-girlfriend-gelila-bekele-gives-birth-welcomes-son-2014412#ixzz3L5RwDKoV
Follow us: @usweekly on Twitter | usweekly on Facebook
ሰበር ዜና:ቴዲ አፍሮ ከአገር እንዳይወጣ ታገደ ተባለ
Breaking News. According to ESAT (Ethiopian Satellite TV) Teddy Afro (Tewodros Kasashun) has been banned from leaving his country Ethiopia and his passport has been confiscated by security officials at Addis Ababa Bole International Airport prior to his departure to his first leg of European music tour to Helsink . According to ESAT Teddy was heading to Helsinki, Finland for his live performance on December 6. 2014. Teddy Afro official Facebook pages shows his band's arrival in Helsinki but no information about Teddy Afro.
Thursday, December 4, 2014
Ethiopia Set To Issue First Eurobond As Roadshow Ends
Ethiopia is planning to issue its first Eurobond tomorrow after finishing off an investor road show in New York today, and will become the second-poorest country on record to tap the international debt market.
Ravenous demand for higher-yielding debt has encouraged a slew of countries previously shut out of international bond markets to issue securities for the first time – including Rwanda, Senegal, Azerbaijan and Zambia.
Even countries with (very) patchy history of repaying creditors – like Ecuador and Greece – have been welcomed back.
Ethiopia is one of the poorest countries in the world, with a gross domestic product per capita of just $1,240 (adjusting for PPP) according to the World Bank. A successful issue would make it the second-poorest country ever to tap the international bond market, after the Republic of Congo in 2007.
However, the International Monetary Fund predicts that the country’s economy will be the eighth-fastest growing in the world this year.
The deal will have a 10-year maturity, and orders for the debut are already being placed with the banks, JPMorgan and Deutsche Bank.
The country’s maiden bond has been rated B1 by Moody’s, deep into the “junk” range of ratings,
- See more at: http://afkinsider.com/80601/ethiopia-set-issue-first-eurobond-roadshow-ends/#sthash.Q7REuKQB.dpuf
Wednesday, December 3, 2014
The Future American President is here (VIDEO)
Post by Derrick Jaxn.
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