Tag: Ethiopia

Safaricom Plc
BusinessHot NewsTechnology

Safaricom trims Ethiopia stake to 54% as mobile data boom slashes losses

Safaricom trimmed its Ethiopian stake to 54.09 percent after a $192.4 million capital call, even as rising data demand sharply narrowed operating losses.

Omokolade Ajayi Omokolade Ajayi
Ethiopian Green Lands
Hot NewsBusiness

Ethiopia leaps into Africa’s top 5 economies as revised GDP tops $210 billion

A sweeping GDP rebasing lifts Ethiopia’s economic output to $210.7 billion, propelling the nation into Africa’s five largest economies as debt talks loom.

Omokolade Ajayi Omokolade Ajayi
Ethiopia launches gold refinery
BusinessGlobal NewsTechnology

Ethiopia launches gold refinery with capacity to process 600 tons

Ethiopia opens a gold refinery with capacity to process 600 tons annually as the country seeks to retain more value from its $5.5 billion gold exports.

Oluwatosin Alao Oluwatosin Alao
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopian billionaire Mohammed Al-Amoudi’s net worth drops below $10 billion

Mohammed Al-Amoudi’s net worth falls to $9.74 billion as asset valuations decline, while MIDROC targets 120,000 employees and 10 new hotels.

Omokolade Ajayi Omokolade Ajayi
Ethiopia taps $2.3 million Japan grant to expand rice production
BusinessGlobal News

Ethiopia taps $2.3 million Japan grant to expand rice production

Ethiopia secures a $2.3 million Japan grant to mechanize rice farming as it targets 1.93 million tonnes of paddy production by 2030.

Oluwatosin Alao Oluwatosin Alao
Dangote Group
BusinessEnergy

Dangote joins Ethiopia, Djibouti in $660 million oil pipeline

Dangote joins Ethiopia and Djibouti in a $660 million oil pipeline project designed to cut fuel logistics costs and strengthen energy security.

Oluwatosin Alao Oluwatosin Alao
Ethiopia plans 25,000 hectares of date palms to enter global luxury market
BusinessMarkets

Ethiopia plans 25,000 hectares of date palms to enter global luxury market

Ethiopia plans to expand date palm cultivation to 25,000 hectares, targeting export markets as global demand for dates continues to grow.

Oluwatosin Alao Oluwatosin Alao
Ethiopia’s richest man, Mohammed Al Amoudi.
BusinessHot News

Ethiopia’s $10 billion man orders MIDROC to hire 40,000 local workers

Mohammed Al-Amoudi orders MIDROC to expand its workforce to 120,000, potentially creating 40,000 jobs in Ethiopia.

Omokolade Ajayi Omokolade Ajayi
Bitcoin
TechnologyBusinessHot News

Ethiopia slashes power to Bitcoin miners as El Niño hurts dams

Ethiopia has cut power supplies to Bitcoin miners to 23% of contracted levels as drought reduces hydropower generation.

Omokolade Ajayi Omokolade Ajayi
Malaysia eyes stronger Ethiopia ties with proposed embassy in Addis Ababa
BusinessGlobal News

Malaysia eyes stronger Ethiopia ties with proposed embassy in Addis Ababa

Malaysia and Ethiopia are deepening economic ties as trade grows and both countries target agriculture, digital services, energy and tourism.

Oluwatosin Alao Oluwatosin Alao
Ethiopia’s richest man, Mohammed Al Amoudi.
BillionairesBusinessHot News

Ethiopia’s richest man, Mohammed Al Amoudi, adds $100 million to his fortune

Mohammed Al Amoudi has added another $100 million to his fortune, taking his net worth to $10.2 billion.

Omokolade Ajayi Omokolade Ajayi
Ethiopian business executive Yodit Kassa
BusinessHot News

Yodit Kassa named CEO of Ethiopian Securities Exchange as market expansion accelerates

Yodit Kassa takes over as CEO of the Ethiopian Securities Exchange (ESX) to drive market expansion, attract new listings, and deepen investment.

Omokolade Ajayi Omokolade Ajayi