Phys.org In the last decade, Ethiopia has invested more than US$1.2 billion annually in restoring landscapes in several regions of the country. But despite its big restoration initiatives, Africa’s second-most populous country is still insufficiently tracking how projects have helped to recover and boost ecosystem services, a new study shows. Recent research led by the […]
Mining Review The mining sector in Ethiopia is on the brink of evolutionary growth and progress as the country’s first modern gold mine – KEFI Minerals’ Tulu Kapi moves into development in October. Ethiopian Mines and Petroleum minister HE. Dr SAMUEL URKATO says the country is looking to drive significant growth from its mining sector and believes […]
Ethiopia is one of the world’s least developed states. Yet for the past two decades, the country has been making extraordinary progress. Targeted investment in health, education, and employment has improved the standard of living and triggered a rapid decline in the fertility rate. If it succeeds in consolidating these achievements, Ethiopia could become one […]
Xinhuanet Kenya Electricity Generating Company (KenGen) said Thursday it has clinched a 5.8 billion shillings (58 million U.S. dollar) contract to drill 12 geothermal wells in Ethiopia. Rebecca Miano, KenGen CEO said the contract with Ethiopia’s independent power producer, the Tulu Moye Geothermal Operations, will also include installing a water supply system and equipment. “This […]
Bloomberg, By Bella Genga Safaricom Plc and parent Vodacom Group Ltd. plan a joint bid for an Ethiopian telecommunications license that they expect to cost as much as $1 billion. The Horn of Africa state is expected to invite bids for two new licenses this month to compete with its monopoly Ethiopian Telecommunications Corp., which is also […]
WallWall Street journal ADDIS ABABA, Ethiopia—It took less than six minutes to deepen one of the gravest crises in the history of Boeing Co. At 8:37 a.m. on March 10, Captain Yared Getachew and First Officer Ahmed Nur Mohammed were accelerating an Ethiopian Airlines Boeing 737 MAX along runway 07R of Addis Ababa’s highland airport. The […]
New York Times, By Henry Wismayer, Photographs by Marcus Westberg We were around 30 miles shy of Dire Dawa, Ethiopia, when the train hit a cow, its impact signaled by an abrupt drop in speed and a sharp judder rippling through the couplings. “What’s happening?” I asked the carriage attendant, as she hurried along the aisle. “No problem,” she […]
Africa Agribusiness Since 2012, African Bamboo has built a vertically integrated supply chain from 10,000ha of natural bamboo forest in Ethiopia. The company has also grown a production facility consisting of 16,500 m2 factory space for the manufacture and export of bamboo-based composite boards. Finding the right advisor African Bamboo was seeking a corporate finance advisory firm with […]
By Samuel Gebre, Reuters Most jobs to come from small businesses, Abiy tells lawmakers Africa’s second-most populous nation has 11 million unemployed Ethiopia’s Prime Minister Abiy Ahmed plans to double jobs created in 2019-20 as he implements a reform agenda that opens up the economy for more foreign investment. Africa’s second-most populous nation will probably create […]
Forbes Life doesn’t always go as planned. In 2004, Berhane Demissie moved from the UK back to her native Ethiopia for two years. Now, more than 15 years later, she’s still there. “The job that I was doing here was so fulfilling. It gave more than financial returns. It gave personal satisfaction. The amount of work […]
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