Kenya Power and Ethiopian Electric Power have signed a Power Purchase Agreement (PPA) that will see Ethiopia provide Kenya with energy. The signing was the actualising of the power trade from 1 November 2021. The agreement was signed by Kenya Power’s Acting Managing Director Geoffrey Muli and Ethiopian Electric Power...

The deputy director said members of the Ethiopian diaspora contributed 28 million U.S. dollars worth of assistance to rehabilitate parts of the country hit by both manmade and natural calamities during the just concluded fiscal year....

The Ethiopian government said it has generated about $14.5 million export revenue from commodities produced at the Chinese-built Dire Dawa Industrial Park during the Ethiopian 2021/22 fiscal year which ended on July 7. The Dire Dawa Industrial Park, which was built by the China Civil Engineering Construction Corporation (CCECC) and...

Ethio Telecom, the Ethiopian state-owned telecom operator, launched its 5G network in the capital Addis Ababa on May 9. The network, which provides data speeds at least 20 times faster than 4G, will be extended to other regions at a later date, said Ethio Telecom CEO Frehiwot Tamru....

Safaricom Ethiopia has agreed in principle to share the cell sites and tower assets of incumbent Ethio Telecom, but a deal has yet to be finalised In May last year, a consortium led by Safaricom won a telecoms operating licence in Ethiopia for roughly $850 million, intending to break up...

Ethiopia has taken a major step in opening the door for Kenyan lenders such as KCB Group to set up operations in the populous nation.  The country has already started work to amend Ethiopia’s half-a-century old financial code, meaning the long-awaited easing of restrictions on foreign banks making investments in...

The Ministry of Revenue of Ethiopia has collected a total tax of 147.3 billion Birr during the first five months the current budget year of the country started July 8, 2021....

The new entity, expected to be created in 2022 will become operational with core technical centres and technical directorates that will be established in alignment with national priorities and global trends in the geospatial and space industries....

The African Development Bank Group and the Government of Ethiopia have signed two separate grant agreements for new projects to boost youth employment and electricity trade between Ethiopia and Djibouti. The grants fall under the Bank Group’s concessional lending window, the African Development Fund, and will go towards the Productivity...

Djibouti and Ethiopia have announced plans to build a second electricity transmission following positive returns from the first project that linked their power grids. The first project enabled Djibouti to import Ethiopia’s hydropower-processed, renewable and cheap electricity. According to Mr. Batchi Baldeh, the AfDB’s Director of Power Systems Development, the...