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Sat,18Nov2017

Ethiopia

AfDB banks on the future

As the AfdB flag is raised over Abidjan outgoing president Kaberuka (centre) wonders who will continue his legacy. Photo©SIA KAMBOU/AFPThe African Development Bank (AfDB) will choose its new leader to replace Donald Kaberuka in May. The Africa Report profiles the candidates who want to take the continental institution on paths of continuity or change.

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Ethiopia becomes Africa's largest asylum host

UN envoy Princess Haya Bint Al Hussein, wife of the ruler of Dubai, appealed for international aid to counter the suffering she found when visiting refugees in Gambella, western Ethiopia. Photo©UNHCR/R. JulliartEthiopia seems to be an oasis in the midst of a region wracked by conflict. However, hosting the largest number of refugees in Africa, especially from South Sudan, remains a challenge and their presence is exacting a strain on local resources.

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Kenya's Equity Bank plans 10-nation Africa expansion

James Mwangi, CEO, Equity Bank, KenyaKenya's Equity Bank plans to enter 10 more African countries in the next decade, in addition to the five it already serves, by building operations from scratch or acquiring existing lenders, its chief executive said on Wednesday.

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Powerful state - disciplined market

The upswing in Nigeria tech companies has taken some by surprise. With Konga, Dealdey, iROKOtv and Computer Warehouse Group, the tech space now boasts serious players. And, so the standard thinking goes, they have not relied on government to get there.

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South Sudan and Ethiopia to block rebel routes

File photo©ReutersIn an effort to stop rebel activities at border territories of South Sudan and Ethiopia, the two countries have resolved to close all routes reportedly used by insurgents.

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World Bank gives Ethiopia $350m for small holder farmers

Photo©ReutersThe World Bank has extended a $350 million loan to Ethiopia to assist the Horn of Africa country's small holder farmers.

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Ethiopians suffer atrocities in Libya and South Africa

The US government and Ethiopia have condemned the purported executions of Ethiopian Christians in Libya by extremist group Islamic State in the North African nation.

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Arab countries under pressure to end Libya chaos

Photo©ReutersPressure is mounting on Arab countries to take the lead in stopping Libya from descending into chaos as terrorist groups continue to gain control of the North African country.

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Ethiopia: World Bank invests in local company

Photo©ReutersEthiopian based flower grower, Afriflora Group, is set to benefit from a World Bank finance facility, after the bank announced it will lend up to €90 million to the company.

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Ethiopian farmers are getting 60% more of the value

Ermias Eshetu Chief executive, Ethiopia Commodity Exchange. Photo©All Rights ReservedHaving launched operations in 2008, the ethiopia Commodity exchange has moved out of its pilot phase and plans to ramp up technology to improve speed and traceability.

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Ethiopia: Chinese firm to start gas drilling by July

Ethiopia expects Chinese firm POLY-GCL Petroleum Group Holdings Ltd to begin drilling for natural gas in development blocks in the southeast by June or July, the mines minister said.

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Ethiopia: International firm to supervise Renaissance Dam construction

Photo©ReutersEthiopian, Egyptian and Sudanese authorities are meeting to select an international consultant firm to technically supervise the construction of the Great Ethiopian Renaissance Dam.

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Ethiopia: We want technology transfers - Deputy PM

Photo©AU CommissionDebretsion Gebremichael, Deputy prime minister, Ethiopia, rose to eminence within the liberation struggle at the helm of the rebels' intelligence services.

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Ethiopia's progress and zeal

No rest for the construction workers on the future Addis Ababa light rail. Photo©DANIEL GETACHEW/EPA/CorbisThe 'developmental army' of Ethiopians recruited by the government has created real momentum, with the economy growing at a double-digit pace each year for nearly a decade. But many people are still struggling, and regular citizens complain about the lack of freedom and top-down initiatives.

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Free markets, deadly competition and an Ethiopian choice

Developmental states reject the free-market model of development because they do not have the advanced-world assets to compete on a level playing field.

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For foreign brewers, Ethiopia has "a huge potential"

File photo©ReutersInternational brewers are helping transform Ethiopia's business landscape as it slowly sells the assets of the former communist state and opens up to foreigners drawn to one of Africa's fastest growing economies.

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Agriculture: Ethiopia's sweet and sour harvests

Farmers have been obliged to convert to sugar cane – a move that pleases some but not all. Photo©Tobias Hase/DPA/CorbisThe sugar plant at Wonji-Shoa is chugging along, but the government's 10 other projects – estimated to cost more than $5.5bn – face problems of their own.

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Ethiopia: Israel Chemicals makes $109 million offer for Allana Potash

File image©ReutersPotash producer Israel Chemicals said on Friday it had made a C$137 million ($109.50 million) offer to buy Canada's Allana Potash, a deal it hopes will accelerate development of a mine in Ethiopia.

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Ethiopia moves against illegal poaching and ivory trade

File photo©ReutersEthiopia destroyed 6.1 tonnes of illegal elephant ivory and ivory products on Friday in an effort to conserve the vulnerable species, whose number is dwindling annually.

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Ethiopia: Fortified wheat to fight malnutrition

Photo©ReutersAn Ethiopian company will start producing fortified wheat flours, becoming the first firm to do so in East Africa, to battle malnutrition.

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