Ethiopian Diaspora Investment Potential and EEPCO's Millennium Bond

6 Pages Posted: 6 Apr 2009

See all articles by Minga Negash

Minga Negash

Metropolitan State University of Denver; University of the Witwatersrand

Date Written: March 30, 2009


A number of studies have examined why Diasporas invest in their homelands. The reasons include emotions, sense of duty, social networks, strength of Diaspora organizations and high returns. As of late Diaspora bonds have been found to be useful vehicles for channeling finance from developed countries to developing regions of the world. This short commentary examines Ethiopia's first Diaspora bond. The bond was issued in 2008 by the state owned power utility company, EEPCO. The article examines the elements of the bond, and provides suggestions for making the bond investible.

Keywords: Diaspora bonds, uncertainty, rate of returns, Ethiopia

JEL Classification: G12, G14, G18, G21, H43, L15, N27, Q51

Suggested Citation

Negash, Minga, Ethiopian Diaspora Investment Potential and EEPCO's Millennium Bond (March 30, 2009). Available at SSRN: or

Minga Negash (Contact Author)

Metropolitan State University of Denver ( email )

Student Success Building
890 Auraria Pkwy #310
Denver, CO 80217
United States

University of the Witwatersrand

1 Jan Smuts Avenue
Johannesburg, GA Gauteng 2000
South Africa

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