ETHIOPIA Archives - Page 4 of 6

AFRICA ATTRACTS $450 MILLION FOR TELECOM INFRASTRUCTURE

Posted on 12 June 202012 June 2020 by Gambeta News

Helios Towers Ltd, a UK-based telecommunications company with investments in Africa plans to invest $450 million of newly raised capital into African countries like Ethiopia. The privatisation of the nation’s telecom industry is seeing the surge of foreign direct investments into the country. The horn of Africa – Ethiopia, continues to lead Africa as an investment destination for foreign capital. The country has a very stable government, and has implemented policies that is making…

WHY ETHIOPIA-EGYPT GERD DAM WAR IS GOOD

Posted on 26 May 202017 June 2020 by Gambeta News

The continue war over the 145-metre-high, 1.8-kilometre-long Grand Ethiopian Renaissance Dam (GERD) between Ethiopia and Egypt is set to continue with both parties still yet to agree on technical term as Sudan is cut in the middle. When completed, the Dam will become the largest hydropower plant in Africa. With that in mind, both Ethiopia and Egypt are in serious power tussle over the project. Just a few weeks ago, Sudan rejected a proposal from…

SUDAN REJECTS ETHIOPIA PROPOSAL FOR RENAISSANCES DAM

Posted on 14 May 2020 by Gambeta News

Sudan Government has rejects Ethiopia’s first proposal for the renaissances dam project. The proposal was reject after Sudan Prime Minister Abadalla Hamdok instead called for a tripartite agreement between Khartoum, Addis Ababa and Cairo. The rejection from Sudan now means that there can’t be any deal that may sideline Egypt, the country that most needs the Nile waters. The first proposal was not signed due to technical and legal aspects that must be included in…

WASHINGTON MAKES FINAL DECISIONS ON GRED

Posted on 18 February 2020 by Gambeta News

The long awaited decision on the GRED issues has finally been stroke. The round of talks on Grand Ethiopian Renaissance Dam(GERD) held in Washington, US , during February 12-13 with participation of Ministers of Foreign Affairs and Irrigation of Sudan, Egypt and Ethiopia, was concluded and issued a joint statement. The statement said the talks , which were chaired by the American Secretary of Treasury and attended by President of the World Bank as observer,…

LARGEST AIRPORT IN AFRICA

Posted on 17 January 2020 by Gambeta News

Ethiopia plans to commence building Africa’s largest airport at $5 billion within six months. The new airport will be 70 kilometers from the existing Bole International Airport in the capital Addis Ababa, and can handle as many as 100 million passengers yearly. This expansion would elevate Ethiopia to compete with London’s Heathrow (Europe’s busiest airport), and Dubai International (currently the world’s number 1 for international flights) as it has more capacity than both. According…

KENYA: LOCUST SWARM THREATENS FOOD INSECURITY

Posted on 13 January 2020 by Gambeta News

Swarms of desert locusts have spread from Ethiopia and Somalia into eastern and northern Kenya. The locusts started crossing into Kenya towards the end of December, 2019 destroying pastures in semi-arid counties mainly occupied by herder communities. They have since spread to the counties of Garissa, Isiolo and Samburu to the south and west. “We recognize that the pest invasion, and the potential to spread rapidly to other counties pose unprecedented threat to food security…

ETHIOPIA TO IMPORT SOUTH SUDAN OIL

Posted on 6 November 2019 by Gambeta News

Ethiopia will start importing South Sudan oil at cheaper rate compared to the more expensive product from the Middle East. According to Ethiopia’s Minister of Mine and Petroleum Koang Tutlam, 15-20 percent of the money usually spent on importing refined oil from the Middle East has been saved from importing same amount from South Sudan. “We import almost all of our oil and other refined products from the Middle East, but owing to the proximity…

CONSTRUCTION OF ETHIOPIA’S GERD CONTINUES

Posted on 22 October 201922 October 2019 by Gambeta News

Construction of the Great Ethiopian Renaissance Dam (GERD) will continue because of it’s economical benefits. The decision was made by the Prime Minister in response to the query from the members of the House of People Representative (HPR). “Nobody can stop the completion of the flagship project, Ethiopia will continue to build the dam and use it to generate power without committing any harm on the water needs of the neighboring countries. The delay in…

KOREA EXIMBANK GRANTS FUND FOR ETHIOPIA BRT CORRIDOR CONSTRUCTION

Posted on 30 September 2019 by Gambeta News

Ethiopia gets US$63m grants from Korea Eximbank for construction of BRT corridor B6 construction. Korea Eximbank has sign a deal with Ethiopia to fund the construction of a BRT corridor road. The BRT corridor will contribute towards easing transportation problem in the city. Bus Rapid Transit (BRT) corridor is a section of road or contiguous roads served by a bus route or multiple bus routes. With a minimum length of 3 kilometers (1.9 miles) that…

FUNDING AFRICA’S INFRASTRUCTURE GAP

Posted on 31 May 2019 by Gambeta News

A look at Infrastructure funding gap across Africa and remedies so far. Key to enabling African economies to make the most of their opportunities is developing infrastructure in the region. Across the continent, new laws are being implemented and alternative sources of infrastructure funding are being sought in order to kick-start direly needed infrastructure projects. At the centre of it all is China, which is providing alternative sources financing to countries in Africa that have…

ETHIOPIA’S ABIY AHMED VISITS ALIBABA GROUP IN CHINA

Posted on 1 May 20191 May 2019 by Gambeta News

Prime minister Abiy Ahmed visits Alibaba to build strategic relationship Prime minister Abiy Ahmed visits Alibaba Group – the e-commerce giant, in Hangzhou. In fact, both leaders are building a relationship that will see Alibaba support Ethiopia’s Development. More so, Jack Ma commends PM Abiy’s reforms in Ethiopia, confirming that Ethiopia is now a key strategic partner which he will visit this year. Click on the floating icon on the right to subscribe. More so,…

CHINA AND ETHIOPIA TO LAUNCH SATELLITE

Posted on 30 April 2019 by Gambeta News

Delegates from Ethiopia inspects a satellite under development in China. As part of plans for Ethiopia to launch satellite, Prime Minister Abiy Ahmed inspects a 70kg Multi-Spectral Remote Sensing Satellite ETRSS-1 under development in China. In fact, the satellite is currently under development in partnership with China Academy of Space Technology. The project is getting support from the Chinese government, and will monitor weather patterns for better agricultural planning, drought early warning and forestry management….

ETHIOPIA SIGNS BILLION DOLLAR ENERGY INVESTMENT

Posted on 29 April 2019 by Gambeta News

Ethiopia’s indebtedness to China grows following energy investment Following a meeting with State Grid Corporation of China, PM Abiy Ahmed oversaw the signing of a US$1.8 billion investment agreement which covers provision of electric power transmission and distribution lines. The project will supply power for up to 16 industrial parks; the Addis Ababa to Djibouti 2nd railway line and for different cities in the country. This agreement will facilitate not only uninterrupted power supply but…

CHINA TO INVEST IN BEAUTIFYING SHEGER PROJECT

Posted on 29 April 20192 May 2019 by Gambeta News

China Railway Construction Company will Partner with Ethiopia in upcoming projects During the Belt and Road forum in Beijing, Ethiopia’s prime minister and leadership of China Railway Construction Corporation (CRCC) held a crucial meeting. CRCC is a huge construction partner in the country. Previously, they were involved in the construction of the Ethiopia-Djibouti railway project, which has given the land-lock nation access to the ocean. The meeting was a perfect opportunity for both parties to…

ETHIOPIA SECURES HUGE INVESTMENT DEALS

Posted on 28 April 201929 April 2019 by Gambeta News

Second Belts and Roads Forum was a great opportunity for Ethiopia to secure huge investment deals. Prime Minister, Abiy Ahmed and his delegation were in Beijing attending the Second Belts and Roads Forum for International Cooperation. In fact, the Forum is a brain child by China. It is seeking to foster international collaboration for peaceful development and economic cooperation. Apparently, China is currently Ethiopia’s largest trading partner and a key source of Foreign Direct Investment….

AFRICANS ON TIME’S MOST INFLUENTIAL LIST

Posted on 21 April 201921 April 2019 by Gambeta News

Time Magazine releases 100 most influential list for 2019 These Africans on Time’s most influential list 2019 are influencing the continent and the globe. Fred Swaniker is a Ghanian entrepreneur and leadership development expert whose is motivating young people in Africa to be great leaders through his various leadership initiatives. Abiy Ahmed, Ethiopia’s revolutionary prime minister who is driving so many positive reforms in the country. Importantly, He has ensure the active participation of women…

AFRICAN COUNTRIES BANNING BOEING 737 MAX

Posted on 13 March 2019 by Gambeta News

Nigeria joins growing list of African countries that have ban the use of Boeing 737 Max 8 and 9. The aviation minister confirmed this news during a press briefing after the weekly Federal Executive Meeting held today at the state capital. So far, these are the list of countries that have ban the operation of the controversial Boeing 737 Max 8 and 9 in their airspace. Egypt Ethiopia Kenya Nambia Nigeria Morocco South Africa

FRENCH PRESIDENT KICK-OFF AFRICA TOUR WITH DJIBOUTI VISIT

Posted on 12 March 201912 March 2019 by Gambeta News

President Macron tours three Africa nations in four days. President Macron has kick-off his 4-days tour in Africa. He arrived Djibouti last night and meet with President Ismail Omar Guelleh. While in the country, Macron will also visit France’s largest military contingent based in Africa with its 1,450 troops. Macron will be the second French president to travel to Djibouti in 20 years, after Nicolas Sarkozy in 2010. On his next stop, is Ethiopia. The president who arrive…

ETHIOPIA AND DJIBOUTI SIGN GAS PIPELINE DEAL

Posted on 18 February 201918 February 2019 by Gambeta News

Ethiopia and Djibouti sign gas pipeline deal Ethiopia and Djibouti have recently signed a gas pipeline deal . The deal involves building of a gas pipeline to transport Ethiopian gas to an export terminal in Djibouti. According to Djibouti’s energy minister Yonis Ali Guedi; the gas pipeline project is the most expensive project ever built in Djibouti also called the the Horn of Africa. The deal also serves as a basis and code for other…

MoUDC TO TRANSFER OVER 30,000 CONDOMINIUM HOUSES TO RESIDENTS IN ETHIOPIA

Posted on 5 February 20195 February 2019 by Gambeta News

In the next six months, MoUDC will transfer over 30,000 condominium houses to residents in Ethiopia. Ethiopia’s Ministry of Urban Development and Construction (MoUDC) will transfer over 30,000 condominium houses (condos) to residents. This news is coming after the minister presented the proposal to the House of People’s Representatives (Parliament). The plan is to transfer 44,000 condos to residents in this Ethiopian fiscal year (2018/19). But MoUDC said it will first start with transferring over 30,000 within the next six month…

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