Ethiopia

By BAZIN MAMBUMINA 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. …

Ethiopia is seeking to attract gold from Kenya and other neighbouring countries to its new refinery, as American, Chinese and Australian investors compete to develop Kenya’s Mrima Hills mineral deposits in Kwale County. Ethiopia opened its National Precious Metals Refinery on October 10 following a $50 million (Ksh6.48 billion) investment …

Even as first ore nears the grinding circuit at its Kurmuk mine in western Ethiopia, TSX listed Allied Gold Corporation is looking past opening day. With first gold expected shortly after commissioning, the company says its focus is already on extending mine life and finding richer ore zones within a …

Ethiopia and Djibouti are turning to the same industrialist who has already bet billions on the region’s energy infrastructure. Ethiopia, Djibouti and Nigerian billionaire Aliko Dangote plan to build a $660 million refined petroleum pipeline connecting the two countries, a Spokesperson in Ethiopian Prime Minister Abiy Ahmed’s office said. The …

A rapidly expanding generation base is putting Ethiopia’s power network under pressure to keep pace, making transmission investment central to the country’s energy ambitions. Ethiopian Electric Power (EEP) has allocated 313.8 billion Birr (US$1.9 billion) for the 2026-27 fiscal year, with 70.3% directed towards capital expenditure as the country works …

African heads of state, commercial titans, and institutional investors assembled in Egypt’s coastal city of El-Alamein on Saturday for a high-stakes three-day summit aimed at restructuring the continent’s financial ecosystem. The inaugural Alamein Africa Forum brought together over 20 government leaders alongside regional bankers and development institutions to address a …

Akobo Minerals (Akobo), the Scandinavian-based gold producer operating the Segele underground gold mine in Ethiopia, one of the world’s highest-grade underground gold mines, delivered approximately 16 kg of doré gold at an average grade of 26 g/t in August. The development made the company’s second-best production month to date. Cumulative …

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 …

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, …

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 …