Grand Ethiopian Renaissance Dam Marks Milestone, Approaches Completion
As its name suggests, the Grand Ethiopian Renaissance Damis not just an infrastructure project, but was also conceived as a statement about Ethiopia’s vision for […]
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Ethiopia Signs $4bn Deal to Build 1,000 MW-geothermal Power Plants
Corbetti Geothermal Project’s equity investors include the Paris-based asset manager Meridiam, as well as the Africa Renewable Energy Fund and InfraCo Africa ADDIS ABABA (Reuters)–Ethiopia […]
Commercial Bank of Ethiopia (CBE) Launches Celebration of Diamond Jubilee (75th Anniversary)
ADDIS ABABA (CBE)–The Commercial Bank of Ethiopia (CBE), the largest commercial bank in Ethiopia, will officially launch its 75th Anniversary (Diamond Jubilee) on December 2, 2017. […]
Sudan Says Ethiopian Dam Won’t Harm Egypt’s Full Share of Nile Water
Ethiopian prime minister Hailemariam Desalegn, for his part, denied the existence of any political differences between Ethiopia, Sudan and Egypt over the Ethiopian Dam. KHARTOUM […]
Ethiopia’s Grand Renaissance Dam 60 Pct Completed
The construction of the Grand Renaissance Dam was started in April 2011 with a cost of 80 billion Ethiopian birr (about 4.7 billion U.S. dollars). […]
Ethiopia, Sudan to Sign Currency Swap Deal
ADDIS ABABA (FBC) – Ethiopia and Sudan are set to sign a currency swap deal after a month. According to the National Bank of Ethiopia […]
Stepping Up Efforts of Making Ethiopia an Investment Hub
The Ethiopian government need to let know foreign investors that policy won’t block them from being beneficiaries of the other investment potentials of the country […]
German Development Ministry Pledges Additional 100 Million Euros to Drought-affected Horn of Africa
BERLIN/ADDIS ABABA (Press Release)–East Africa is currently experiencing the worst drought in fifty years. In Ethiopia alone, some 5.6 million people are suffering severe hunger. […]
Sudanese President Omar al-Bashir Secures Free Trade Zone Agreement with Ethiopia in Addis Ababa
Sudanese President Omar Al-Bashir said Ethiopia and Sudan agreed to forge closer ties and bolster cooperation in the political, economic, social and cultural areas. By […]
Tanzania Plans to Import 400 MW of Electricity from Ethiopia
DAR ES SALAAM, Tanzania (Reuters)–Tanzania plans to import 400 megawatts (MW) of electricity from Ethiopia to power its industrial drive, Tanzanian President John Magufuli said […]