Ethiopia

Egypt is moving to convert its landmark hydropower success in Tanzania into a much broader economic footprint, with President Abdel Fattah Al-Sisi and Tanzanian President Samia Suluhu Hassan discussing a large-scale agricultural land reclamation project, a new maritime shipping route and expanded port cooperation during talks in Dar es Salaam, …

The narrative driving East Africa’s technology sector is undergoing a fundamental transformation. What began as a story about mobile connectivity and grassroots innovation is rapidly pivoting toward compute power the raw processing capabilities, networking, and memory infrastructure required to anchor the next generation of complex digital economies. To unlock this …

Ethiopia closed its 2025/26 fiscal year with record export earnings above $11 billion, comfortably beating the government’s $9.8 billion target and up sharply from $8.3 billion the year before. The headline number masks a structural problem officials have been trying to fix for years: gold and coffee alone generated $8.6 …

Beijing’s latest multi-billion-dollar takeover in Africa is serving as a stark wake-up call for Western nations racing to secure the continent’s resource wealth. The proposed C$5.5 billion ($4.01 billion) acquisition of Canada’s Allied Gold Corp. by China’s Zijin Gold International Co. underscores how Chinese capital is rapidly expanding beyond traditional …

The International Finance Corporation (IFC) is set to provide 80 million loan to MIDROC Ethiopia PLC (MEP), the hospitality arm of MIDROC Investment Group (MIG), IFC is providing MEP with an $80 million long‑term loan to support the refurbishment of the Sheraton Addis (Luxury Collection) and the development of a …

MITHRA Metals Holding, a private investment firm headquartered in Abu Dhabi Global Market, has announced the advancement of a strategic nickel laterite initiative in Southern Ethiopia, expanding its critical minerals portfolio across Africa and Middle East. The initiative is being advanced through a majority-controlled Ethiopian subsidiary holding exploration licences issued …

Ethiopia’s projected leap from $3 billion to $10 billion in annual export revenue in the space of three years is remarkable by any measure but the more significant story may be what is driving it and what it reveals about the direction of the country’s economic transformation. At the fourth …

The Governor of Central Equatoria State, Emmanuel Adil Anthony, has returned to Juba following a working visit to Addis Ababa aimed at attracting foreign investment to South Sudan’s most populous state and drawing lessons from Ethiopia’s development model. Anthony and his delegation travelled to the Ethiopian capital to promote the …

As governments are increasingly seeking to capture more value from their natural resources, particularly gold, Ethiopia has secured $340 million in development financing for its long-delayed Tulu Kapi gold project. The development comes as the government is actively reforming the sector, reducing taxes and simplifying licensing, to capture more foreign …

Rising global gold prices, which have surged more than 50% this year, have ignited a significant illicit mining operation at two fully permitted gold properties owned by Vancouver-based East Africa Metals (EAM) in Ethiopia’s politically volatile Tigray region, according to a report by The Globe and Mail and the Bureau …