Monday , May 19 2025

Ethiopia

Ethiopia secures more than $1.6bn in mining and energy investment deals

The Ethiopian Finance Ministry has announced the signing of five major investment deals, worth more than $1.6bn (214.99bn birr), to bolster the country’s minerals and energy sectors. These agreements, predominantly with Chinese companies, are part of Ethiopia’s economic reform strategy. The deals were secured during the two-day Ethiopia High-Level Business …

Read More »

Ethiopia Strikes Gold: Mining Boom Fuels Billion-Dollar Bonanza

Forget coffee and injera for a moment. Ethiopia’s earth is proving to be a veritable treasure chest, with the Ministry of Mines announcing a staggering $2.1 billion windfall from gold exports in the first nine months of the 2017 fiscal year. This glittering performance, revealed during a high-level review attended …

Read More »

Ethiopia and China Celebrate 55 Years of “All-Weather” Alliance

Beijing: As Ethiopia and China mark 55 years of diplomatic ties, Ambassador Tefera Derbew has affirmed the enduring strength of their relationship, describing it as a “deep-rooted, multifaceted” alliance that continues to flourish. Speaking to China Daily, the Ambassador highlighted the remarkable evolution of the partnership, which he characterized as …

Read More »

East Africa: The Ethiopia-Kenya Electricity Highway is Shaping Regional Connectivity with the Support of the African Development Bank

This high voltage DC infrastructure is the only one of its kind in the region and is the foundation of East Africa’s ambition to be interconnected in terms of power exchange and allow cross-border trade in energy The electricity highway between Ethiopia and Kenya, officially opened in 2023 after more …

Read More »

Menzies Aviation Soars with New Cargo Facility in Mozambique

Menzies Aviation, the global leader in aviation services, has officially opened its state-of-the-art cargo facility at Maputo International Airport (MPM). This strategic move expands Menzies’ footprint in East Africa, positioning the company to capitalize on the region’s growing air cargo market. The new facility, equipped with cutting-edge technology and high-end …

Read More »

Kefi progressing Ethiopian Gold project towards launch

Aim-listed Kefi Gold and Copper has reported good progress, to schedule, at its high-grade Tulu Kapi gold project in Ethiopia. The remaining finance syndicate board processes are on track for final (conditional) approvals during May, while project launch preparations have started at Tulu Kapi. Kefi highlights that these developments coincide …

Read More »

Akobo Minerals Gold Mine Delayed but Poised for Profitable Takeoff

Akobo Minerals, the Scandinavian gold explorer with its sights set firmly on Ethiopia, has encountered a temporary setback in its production timeline. Nationwide fuel shortages and evolving customs procedures threw a spanner in the works, delaying the mine’s official launch. However, amidst the recent hurdles, Akobo has not been twiddling …

Read More »

Green Light for Gold: Kefi’s Ethiopian Project Poised for Launch

A glimmer of gold shines bright on the horizon for Kefi Gold and Copper, as the company’s flagship Tulu Kapi project in Ethiopia has secured the final nod from the lead lender’s credit committee. This crucial green light unlocks a $320 million financing package, paving the way for the development …

Read More »

IMF applauds Ethiopia’s monetary tightening

The International Monetary Fund (IMF) has applauded steps taken to bring down inflation and stabilize the economy in Ethiopia. The initiatives include significant fiscal and monetary tightening by authorities in Ethiopia. “This has put in place a critical foundation for success of the Homegrown Economic Reform Agenda, which aims to …

Read More »

Akobo to apply to trade on OTC Markets platform

Scandinavian-based Ethiopian gold exploration and boutique mining company Akobo Minerals has announced plans to apply for trading on the OTC Markets platform in the US In addition, the company intends to secure a Nkr 30-million convertible loan and  believes there are several benefits of having an additional US-based quotation for …

Read More »