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Sun,19Nov2017

Ethiopia

Ethiopia: UN relocates South Sudan refugees near border

The United Nations has started relocating 50,000 refugees affected by floods in Ethiopia to a new refugee camp near the border with South Sudan.

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Ethiopian hijack pilot sentenced in absentia

File photo©ReutersMore than a year after his arrest in Switzerland, an Ethiopian court found a co-pilot, who hijacked an Ethiopian airline bound for Rome, guilty and convicted him of the crime in absentia.

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Ethiopia: Oil marketer plans $5 bn refinery construction

File photo©ReutersEthiopia's leading private oil marketer plans to build a $5 billion refinery within ten years to meet the growing demand for refined products in a region experiencing fast economic growth.

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Ethiopia: The Addis millionaire's club

A daughter’s wedding is a time to splash out for addis’s low-key millionaires. Photo©Per-Anders Pettersson/CosmosAt first glance, Ethiopia would seem like a tough place for business owners to make it big.

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US-Africa trade: AGOA's short term headaches

The Shining Century Textile company in Maseru, Lesotho. Photo©World Bank/John HoggEmboldened by high demands of their mineral resources, African countries are demanding change to AGOA, a US-Africa trade treaty, including its extension for at least 15 years. At fault are the uncertainties of the treaty, and its limiting structures.

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Electricity: Blackstone eyes opportunities in African power shortages

Photo©ReutersPrivate equity will play a key role in developing Africa given the massive needs for capital on the continent, says Blackstone Group, which is focusing on infrastructure projects involving power generation and transmission.

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Innovative finance for Africa's new big projects

File photo©ReutersInnovative bankrolling is gaining popularity and raising high hopes. African countries are increasingly exploring novel ways to finance their massive infrastructure projects. The Grand Renaissance Ethiopian Dam, a $4.8 billion project, is reportedly being built without money from traditional donors.

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Ethiopia: Allana seeks partner to produce premium potash

Potash. File Photo©ReutersCanada's Allana Potash Corp said on Tuesday it will talk with Norwegian fertilizer producer Yara International and three other companies about sharing costs and output in its plan to produce premium fertilizer in Ethiopia.

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South Sudan: Warring parties near deal

Riek Machar (L) and Salva Kiir (R). File photo©ReutersSouth Sudan's warring factions have intensified efforts to conclude their peace negotiations with president Salva Kiir and his former deputy Riek Machar expected to hold make or break talks in Ethiopia.

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Manufacturing: Ethiopian unit of Dutch brewer Bavaria to start sales

File Photo©ReutersEthiopian greenfield brewer Habesha, majority-owned by Dutch brewer Bavaria NV, said it plans to start selling beer in the second quarter of this year to tap rising domestic demand that has attracted global brands.

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Ethiopia sees horticulture boom

Photo©ReutersEthiopia's horticulture sector, according to the country's recently released total export revenue, remains a top earning product for the East African country.

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Ethiopian nationals injured in South Sudan grenade attack

Three Ethiopian businessmen were on Wednesday severely injured after unknown assailants hurled grenades at their shops in South Sudan's Jonglei state.

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Ethiopia: Mobile money schemes, helloCash and M-Birr launched

Photo©ReutersEthiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said.

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South Sudan dismisses reports of Kiir's sudden illness in Ethiopia

South Sudan President Salva Kiir. Photo©ReutersSouth Sudan has dismissed reports that President Salva Kiir was treated for a sudden illness in one of the hospitals in Addis Ababa, where he is attending a peace talks with rebels.

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Turkey keen to increase trade volume with Ethiopia

Turkey says it is keen to increase its current trade volumes with Ethiopia to reach a half a billion dollar mark from the present $400 million.

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New archaeological discovery in Ethiopia to fill human species study gap

A new archaeological discovery may have uncovered evidence that could help fill gaps spanning hundreds of thousands of years and align the origin of human species in a chronological order.

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A new mining landscape

Coal prices are down, but companies like Vale take a longer term, cyclical view©Marcelo coelho/valeThe rise and rise of global commodity prices is over, but it's not all gloom and doom in the mining sector. What we can expect in the coming year is a geographical shift in both the African countries offering the best investment environment and the global players looking to profit.

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Djibouti: Playing the great game

The Kempinski Palace hotel in Djibouti does not lack important foreign guests. Photo©Patrick RobertPromoting itself as a safe haven amid regional turbulence, President Ismail Omar Guelleh's regime faces a resurgent opposition and scepticism that it can juggle its new alliances.

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Ethiopia: There is a big need for infrastructure - Jemal Ahmed

Jemal Ahmed Chief executive, Saudi Star Agricultural Development, Ethiopia. Photo©Jacey FortinThe executive supervising MIDROC's Ethiopian agriculture projects talks to The Africa Report about how rocketing consumption has been an opportunity for the company.

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Ethiopian air force pilot defects to Eritrea with crew

Ethiopia's Ministry of Defence has confirmed that an airforce pilot has defected to Eritrea.

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