Tomorrow is a New Country
African Business magazine Strong economic growth of around 10% over the past few years and impressive progress on infrastructural development are putting Ethiopia on the map for all the right reasons. An ambitious government retains a level of international support…
Ethiopia’s Infrastructural Drive Continues at High-Gear
By Nejib M. August 02, 2013 Ethiopia has been working with the objective of achieving the middle-income status in about 25-30 years for the last decade. Under a committed leadership and well-crafted policies of a developmental state, a double-digit annual…
$2 Billion USD Loan Agreement Signed for 756 Km Addis Ababa to Djibouti Railway Project (Video)
Addis Ababa, May 23, 2013 — (WIC) — Ethiopia, Djibouti and China here on Wednesday signed a loan agreement amounting to over two billion USD for construction of 756 km Addis Ababa/Sebeta – Djibouti railway project. The loan secured from…
Ethiopia Picks Green Energy for Sustainable Growth Plan
Photo: Abadula Gemeda By Ethiopia Parliamentary Speaker, Abadula GEMEDA Foreign firms are interested in the biofuel sector in Ethiopia, the country’s parliament speaker says. Ethiopia aims to achieve middle-income status by 2025 while developing a green economy In general energy…
The Glittering Transformation of Ethiopia is beyond Reproach
By Tsehaye Debalkew, Washington, DC It could be arguably and vehemently declared that the single most, cardinal issue that has captured unanimity in its entirety that has brought Africa together and indeed the world, a rare commodity in the global…
The Next Shanghai May Be in Africa
Photo: The late PM of Ethiopia, Meles Zenawi, with Chinese Primier By Stephen Hayes In 1987, I visited Shanghai for the first time. As I walked the streets, it was as if I were walking on a movie set that…
BRICS To Establish Bank To Rival IMF, World Bank
By Bukola Idowu Brazil, Russia, India, China and South Africa known as BRICS are set to approve the establishment of a developmental bank that will rival the World Bank and the International Monetary Fund (IMF) at their annual summit which…
A Growing Opportunity – Measuring Investments in African Agriculture
Introduction Sub-Saharan African agriculture could, and should, be thriving. According to the World Bank, the region has the right conditions to feed itself: enough fertile farmland, enough water and enough favourable climates. According to the International Fund for Agriculture Development…
Addis Ababa Light Rail Project Details and Status Report
Ethiopian Railways Corporation Discloses Addis Ababa Light Rail Project Details, Status Report Addis Ababa, March 10, 2013 — Ethiopian Railways Corporation (ERC) revealed details of the Addis Light Rail Project around Adwa and St. Abune Petros squares, which were centres…
Mining to be Ethiopian Economic Backbone as Allana Outlines Progress
By: Simon Rees 7th March 2013 TORONTO (miningweekly.com) – Sub-Saharan Africa was at the fore of the Prospectors and Developers Association of Canada’s 2013 show, with projects from West, Central and Southern Africa firing the imagination of many delegates and…
Ethiopia Registers Double Digit Growth So Far during the Growth and Transformation Plan (GTP)
Photo: Girma Birru, Ethiopian Ambassador to the USA By Tsehaye Debalkew Washington D.C. March 04, 2013 During the past two Ethiopian Fiscal Years (2010/2011 and 2011/2012) real GDP growth of 11.6% and 8.5% have respectively been registered. The share of…
The Economist: Africa – A Hopeful Continent (Video)
March 2nd 2013 |From the print edition “Meles Zenawi, Ethiopia’s prime minister from 1995 until his death last year, achieved impressive gains by taking development into his own hands” Africa rising African lives have already greatly improved over the past…
Oil in Uganda – International Lessons for Success
The technical challenges of extracting Uganda’s waxy, on-shore oil has prevented production so far and means that full capacity will probably not be reached until 2020. In the meantime, the debate is underway over the management of Uganda’s oil in…
Ethiopia Looks to Realise its Geothermal Energy Potential
By Matthew Newsome guardian.co.uk, Wednesday 13 February 2013 Initial exploration and drilling to be funded by Development Bank of Ethiopia as part of World Bank collaboration Ethiopia, like its fellow Great Rift Valley countries, has enormous geothermal energy potential. However, the costs involved…
Ethio Telecom to Pull the Plug on Dial-up Internet Service
By Yohannes Anberbir Feb. 03, 2013 Ethio Telecom is slated to terminate the outdated dial-up Internet access service that was first introduced in 1993 by the then Ethiopian Telecommunications Corporation (ETC). The management of Ethio Telecom is dwelling on the…
Ethiopia to Build Addis Ababa to Djibouti Railway, 656 Km Single and Double Tracks (Video)
Feb. 02, 2013 Bilateral relations between China and Ethiopia has been growing faster than ever before. China has become the fastest growing economy in the world and Ethiopia has become the fastest growing economy in Africa. The Chinese are supporting…
Africans Are Not Comfortable About The Way The West Perceive China-Africa Friendship
By Zeray Hailemariam Africans are not comfortable about the way the west perceive Africa-China Relationship Beijing February 02, 2013 – China is playing constructive role in Africa to transform African economic development by increasingly engaging in physical and human development,…
Ethiopia’s Ezana Builds $17.8m Gold Plant in Tigrai State, Ethiopia
Feb. 01, 2013 Ezana Mining Development, a wholly-owned Ethiopian private company, is building a $17.8 million gold plant in Tigray, it was announced on Thursday. Addis Fortune reported the contract is to build a carbon-in-leach (CIL) gold plant at Terakimti,…
Is Meles Zenaw’s Developmentalism Winning in Ethiopia?
Photo: The late PM of Ethiopia, Meles Zenawi By Merkeb Negash Jan. 28, 2013 The active politician is a creator, an initiator; but he neither creates from nothing nor does he move in the turbid void of his own desires…
Ethiopia’s Construction Boom CCTV News Video
Photo: Addis Ababa, Capital of Ethiopia Addis Ababa at Wikipedia Addis Ababa (Amharic: አዲስ አበባ?, Addis Abäba, IPA: [adis aβəβa] ( listen), “new flower”; Oromo: Finfinne[3][4]), sometimes spelled Addis Abeba (the spelling used by the official Ethiopian Mapping Authority), is the capital city of Ethiopia. It is the largest city in Ethiopia, with…
60 Percent of the New Roads in Addis Ababa have been Built by First Highway Engineering Company of China
Photo: Zhou Yongsheng, Project Manager at CCCC By Andrew Moody and Zhong Nan ( China Daily) Jan. 25, 2013 On the road in Addis Ababa Efficiency and price competitiveness are key to success of Chinese enterprises, says project manager Zhou…
50 MW “Waste-to-Energy Plant” to be Built in Ethiopia by UK Based Cambridge Industries
Image: Waste-to-Energy Plant Design Jan. 23, 2013 The 50 MW Waste-to-Energy Plant” Could be First of Many to Come The 50 MW waste to energy plant to be built in Ethiopia by UK based Cambridge Industries is to be located…
Tullow Oil Commences Drilling Operations in South Omo, Southern Ethiopia
Image: Tullow Drilling Locations in Omo, Ethiopia Jan. 22, 2013 Tullow Ethiopia (Tullow) has commenced drilling operations at the Sabisa-1 exploration well in the South Omo concession areas of the Southern Nations Nationalities and Peoples’ Region (SNNPR.) This drilling operation…
Habesha Brewery Kicks off Construction of its 500 Thousand Hectoliter Beer-Producing Factory
Photo: Ethiopian Beer By Birhanu Fikade January 21, 2013 Project to cost some USD 43 million Bavaria N.V., 300-year-old Dutch brewer, is a major shareholder of Habesha Brewery with 39 percent stake Based on a turnkey contract agreement reached last…
Ethiopia to Build 34 Km Light Railway Transit (LRT) System to Transport 80,000 People Per Hour
Photo: Addis Ababa Light Rail Train at Mexico Square By Dawit Taye Jan. 18, 2013 2.6 bln birr slated for interchanges, roundabouts With a view to ensure smooth traffic flow in the metropolis, the Addis Ababa City Roads Authority (AACRA)…
World Bank: Ethiopia’s Economy Grew by 10.6 Percent Every Year Between 2004 and 2011 (Video)
Jan. 01, 2013 Explore in World DataBank 2002 2003 2010 2011 Ethiopia GNI per capita, PPP (current international $) 510.0 490.0 1,030.0 1,110.0 Ethiopia Population, total (in millions) 69.0 70.8 82.9 84.7 Ethiopia GDP (current US$) (in millions) 7,768.3 8,538.9…
One Continent, Two Approaches: The U.S. and China in Africa (Videos)
Photo: Senator Chris Coons, Democrat from Delaware Dec. 19, 2012 The Center for American Progress in Washington hosted on 18 December 2012 a panel discussion on the US and China’a approach to Africa. Senator Chris Coons (Democrat from Delaware), Chairman…
Lifan of China Mulls Africa Expansion After Ethiopian Plant Move
By William Davison Dec 17, 2012, Bloomberg News – Lifan Industry Group Co., a Chinese automaker, plans to spend $3.5 million moving into a new vehicle-assembly plant in Ethiopia next year as it seeks to expand in Africa, General Manager…
Growth Path in Africa and The Chinese Influence (Must Read Article)
By Andrew Moody and Zhong Nan (China Daily) Dec. 17, 2012 “Ethiopia is following a development path similar to that of China” – Ethiopia’s minister of finance and economic development As African economic prospects brighten, there is debate about which…
BEZEMA Dyes and Chemicals NBE Plc, a Geneva-based Company, Opened the First of its Kind, a Bonded Warehouse in Ethiopia
By Merga Yonas Dec. 17, 2012 First chemical, dyestuff bonded warehouse opens doors BEZEMA Dyes and Chemicals NBE Plc (http://www.bezema.com), a Geneva-based company, opened the first of its kind, a bonded warehouse in Ethiopia where it will supply chemicals and…
Ethiopia: The Awakening of a Sleeping Giant
Addis Ababa skyline: The city feels like a huge construction site By Catherine Grant-Makokera and Itumeleng Rantao December 16, 2012 Ethiopia: Underestimated Regional Power Only the Sky is the Limit for Ethiopia’s Development When you walk on the streets of Addis…
After Meles Zenawi: Implications for Ethiopia’s Development
Authors: * Mulugeta Handino, Institute of Development Studes, UK * Jeremy Lind, Institute of Development Studies, UK and * Berouk Mesfin, Institute for Security Studies, Ethiopia AFTER MELES ZENAWI: IMPLICATIONS FOR ETHIOPIA’S DEVELOPMENT The death of Meles Zenawi in August…
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