Africa Emerging Markets Headlines International

Ethiopia, South Sudan to build $738 mln road

Ethiopia and South Sudan are putting the final touches to start building a 220-km cross border road that would cost up to 738 million dollars. The deal for the road was signed by the two governments in May 2023 and has just been approved by the South Sudanese legislative assembly, according to an Ethiopian foreign […]

Africa Business Emerging Markets Headlines International

Ethiopia emerges as top FDI destination in East Africa, surpassing Kenya, Uganda

Ethiopia attracted a staggering $3.3 billion in foreign direct investments (FDI) in 2023, surpassing its neighbors Kenya and Uganda, and hence has emerged as the leading destination for FDI in East Africa. The latest World Investment Report published by the United Nations Conference on Trade and Development (UNCTAD) has highlighted Ethiopia’s position as a beacon […]

Africa Egypt Emerging Markets Headlines International

Egyptians fret about Ethiopia Nile dam filling

Worry grips Egyptian officials who fear a natural disaster as Ethiopia prepares to fill its giant Nile dam, the Great Renaissance Dam, for the fifth time, without any coordination with downstream countries, Egypt and Sudan. Egypt has for long expressed concern at the dam, while Ethiopia argues that the water-sharing deals signed under the colonial […]

Africa International

Ethiopia accused of committing genocide during Tigray war — report

There is a compelling evidence that Ethiopia and its military allies committed genocidal acts against Tigrayans during the two-year armed conflict in the Horn of Africa country, a new report has concluded. Published on Tuesday (4 May) by the US-based New Lines Institute, the 120-page report quotes multiple, widespread and credible independent accounts that Ethiopian […]

Africa Business Community Emerging Markets Headlines International Morocco

Morocco’s OCP teams up with Ethiopian Government, AfDB, Global Partners for Climate-Smart Wheat Initiative

OCP Africa, an offshoot of the Moroccan fertilizer producer giant OCP, participated in the launch of the Climate Resilient Wheat Value Chain Development Project in Ethiopia. The launch event, held earlier this week, was attended by Ethiopia’s Agriculture Minister, Girma Amente, as well as partners such as the African Development Bank (AfDB), The Netherlands and […]

Africa Community Energy Headlines International

Ethiopia to plant 5 billion trees to fight climate change

Ethiopia plans to plant 5 billion trees in 2024 as it seeks to foster climate change mitigation as the country faces extreme environmental events including drought and torrential rains. Such a green project would require at least 117 million dollars and mobilize millions of citizens throughout the country. Planting more trees is part of Ethiopia’s […]

Africa Headlines International

UN raises $630mil, short of target $1bn, to tackle Ethiopia’s dire humanitarian crisis

A United Nations-led donor event held in its headquarters in Geneva on Tuesday (16 April) managed to secure financial pledges only for about two-thirds of the $1 billion it was seeking to raise to assist millions of Ethiopians affected by conflict, drought and floods. The donor conference raised about $630 million, thus falling short of […]

Africa Headlines International

Rwanda in mourning: Africa and world commemorate 30th genocide anniversary

African heads of state gathered in Rwanda’s capital Kigali on Sunday (7 April) as the small African nation marks 30 years since the genocide orchestrated by armed Hutu that killed an estimated 800,000 people, mainly ethnic Tutsis. As Rwanda commemorates 30 years after one of the bloodiest massacres of the 20th century, President Paul Kagame […]

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Ethiopia set to repatriate some 70,000 nationals in ‘difficult situation’ from Saudi Arabia

Ethiopia has announced it is going to repatriate some 70,000 of its nationals who have been living in squalid conditions in Saudi Arabia, a third such program since 2018. The announcement was made last week in Addis Ababa, with the repatriation set to begin in early April, targeting some 70,000 “Ethiopians who are in a […]

Africa Asia Business Emerging Markets Headlines International

Africa at the heart of India’s quest for superpower status — experts

In this era of geopolitical competition and realignment, India recognizes Africa as a key component in its pursuit of superpower status and the continent is thus becoming a crucial player in New Delhi’s ambitious quest for global economic dominance. India’s multifaceted relationship with African countries is set for a fundamental transformation, as the continent is […]