Ethiopia

President/Chief Executive, Dangote Group, Aliko Dangote,  has led the groundbreaking of a $2.5 billion fertiliser plant in Gode, Ethiopia. A statement by the company said the project, a partnership between Dangote Group and Ethiopian…

At Merkato, the sprawling commercial heart of Addis Ababa, in Ethiopia, traders have grown used to disappointment. For years, securing hard currency through official channels was an exercise in futility. Kalid Mohammed, a…

Eastern and southern African regional blocs have appointed former leaders from Ethiopia, Kenya and Nigeria to oversee their peace process for the Democratic Republic of Congo where fighting has intensified in the east of the country. The…

Ethiopia Investment Holdings, which controls 40 state-run companies, is selling shares in Ethio Telecom to raise as much as 30 billion birr ($234 million) in an initial public offering to herald the Ethiopia stock exchange which opens on…

The African Development Bank (AfDB) has raised an alarm that rising prices of fuel and other commodities could lead to social unrest in Nigeria, Ethiopia, Angola and Kenya. The AfDB sounded the warning in its macroeconomic performance…

African leaders opened a two-day summit on Saturday as the continent wrestles with coups, conflicts, political crises and regional tensions. Ahead of the gathering in the Ethiopian capital Addis Ababa, African Union Commission head…

Euromonitor International, a market research company has projected the GDP of Sub-Saharan Africa to double by the year 2040 from the 2022 figure of $2 trillion to over $4.5 trillion. Euromonitor’s report, entitled, Sub-Saharan Africa: A…

Membership of the BRICS group of emerging-market nations is set to double, with Saudi Arabia, Iran, the United Arab Emirates, Ethiopia, and Egypt joining its ranks on Jan. 1, South Africa’s envoy to the bloc said. Current members Brazil,…

The European Union has suspended budget support for Ethiopia worth 88 million euros ($107 million) until humanitarian agencies are granted access to people in need of aid in the northern Tigray region. In a blog post published on Friday,…

The first non-governmental aid convoy since fighting erupted last month has arrived in the capital of Ethiopia’s northern region of Tigray carrying desperately needed medicines and other items, the international Red Cross said on Saturday.…