Ethiopia

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 …

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 …

The Zanzibar Utilities Regulatory Authority (ZURA) announced on Saturday, November 8, 2025, that prices for most petroleum products have been adjusted upwards. The increase is a direct response to rising global import costs, according to a statement issued by ZURA Director General Omar Ali Yussuf. The key changes see the …

Russia’s state-owned nuclear corporation, Rosatom, is moving forward with plans to construct a nuclear power plant in Ethiopia, signaling a major expansion of Moscow’s energy footprint in East Africa. The commitment was formalized during a recent nuclear power forum, where an action plan for the facility’s development and construction was …

Aim-listed Kefi Copper and Gold expects a $240-million debt capital offering towards its Tulu Kapi project, in Ethiopia, to be signed this week. The financing had been put on hold following a procedural matter that had to be addressed by one syndicate party, which has now been resolved. Kefi says …