Tag: Ethiopia

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
Nigerian billionaire Tony Elumelu, with United Capital CEO Peter Ashade and other executives of the company
Hot NewsBusiness

Nigeria’s United Capital enters East Africa, clinches operating licenses in Ethiopia, Rwanda

United Capital enters Ethiopia and Rwanda, becoming the first foreign investment bank permitted to handle investment banking services in Ethiopia.

Omokolade Ajayi Omokolade Ajayi
Ethiopian Airlines Group.
Hot NewsBillionairesBusiness

Ethiopian Airlines plots 25-jet expansion plan, following $4.4 billion first-half revenue

Ethiopian Airlines plans to buy 25 regional commercial jets following a record $4.4 billion first-half revenue performance.

Omokolade Ajayi Omokolade Ajayi
Ethiopia
BusinessHot News

Ethiopia opens $30 million cold storage hub to boost agricultural trade

Ethiopia opens $30 million cold storage hub in Addis Ababa to cut post-harvest losses, boost supply chains and improve agricultural trade efficiency.

Feyisayo Ajayi Feyisayo Ajayi
National Bank of Ethiopia
BusinessHot News

Ethiopia injects $500 million in FX auction to stabilize currency market

Ethiopia injects $500M into FX auction as dollar shortages deepen, signaling ongoing pressure on the birr and market reforms.

Timilehin Adejumobi Timilehin Adejumobi
Visa
BusinessTechnology

New Visa office signals Ethiopia’s rising role in Africa’s payments market

Visa, a global leader in digital payments, is deepening its presence in Africa with the opening of a new office in Addis Ababa, Ethiopia, a move that reflects the country’s growing influence in the region’s financial services industry.  The expansion comes as Ethiopia works to modernize its payments system, widen access to banking services and create more room for financial…

Oluwatosin Alao Oluwatosin Alao