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Siemens Gamesa signed its first wind power project in Ethiopia with state-owned electricity company Ethiopian Electric Power (EEP), strengthening its leadership in Africa as the country begins to expand its green energy capacity.
Siemens Gamesa will deliver 29 SG 3.4-132 wind turbines to state-owned utility Ethiopian Electric Power (EEP) for the Assela project; the 100 MW wind farm will help power over 400,000 Ethiopian households
Ethiopian Airlines-DHL and African Electronic Trade Group have partnered to transport historical parcels in the African Continental Free Trade Area.
The Global Partnership for Education (GPE) has approved $300 million in new grants to transform education systems in the Central African Republic, Ethiopia and Mozambique.
As of 1 January 2021, Ethiopian TV audiences will access the majority of their favourite Ethiopian TV channels exclusively on Ethiosat at 57 degrees East.
Global logistics and supply chain company CEVA Logistics continues to expand its presence in the African market with the strengthening of its presence in two countries through two joint ventures.
Moyale One Stop Border Point launched by President Uhuru Kenyatta and Ethiopian Prime Minister Dr. Abiy Ahmed
The Moyale One Stop Border Point (OSBP) has been launched in a colourful event officiated by H.E. Uhuru Kenyatta CGH President of the Republic of Kenya and H.E. Dr Abiy Ahmed, Prime Minister, the Federal Republic of Ethiopia at the Moyale border point which adjoins the two neighbouring nations.
WebSprix, an IT solutions and services provider in Ethiopia, has selected Cisco’s Routed Optical Networking solution set to launch in the first half of 2021.
Cainiao Smart Logistics Network, the logistics arms of Alibaba Group Holdings Limited, has announced its partnership with Ethiopian Airlines to launch a special cold chain air freight for the transportation of temperature-controlled medicines from Shenzhen Airport.
Ethiopian Cargo & Logistics Services, Cargo Network Operator in Africa, has launched Trans-Pacific routes, extending from Incheon to Atlanta via Anchorage.
Over the last two decades, Ethiopia has registered fast economic growth which has led to significant national poverty reduction.
A study of plant DNA provides strong evidence that farmers in Ethiopia have widely adopted new, improved rust-resistant bread wheat varieties since 2014.
BringCom Incorporated, a provider of connectivity solutions in Africa, announced it has established a new partnership and interconnect agreement with Ethio Telecom.
Raxio Group has officially secured land at the ICT Park, in the outskirts of Addis Ababa, through its fully-owned subsidiary, Raxio Ethiopia, to construct country’s first private uptime certified Tier III colocation data centre.
GIZ GmbH has been working in Ethiopia on behalf of the Partnerships for Forest programme and together with smallholders organized in cooperatives, it is working on establishing forest coffee on the international market.
Ethiopian Airlines and the United States announced a partnership agreement that will enable the nation’s flagship carrier to source locally grown produce and ingredients for preparing in-flight meals for global passengers.
U.S. International Development Finance Corporation (DFC) has committed $1.55 million in technical development for the Tulu Moye Geothermal Power Plant Project in Ethiopia.
During the launch of the Global Agriculture and Food Security Program Replenishment Period 2020-25, donors increased their contributions to achieve sustainable Development Goal 2 - a world with zero hunger.
Ethiopia government and International Fund for Agricultural Development of the United Nations (IFAD) have launched a new US$305.7 million programme to help the most vulnerable farmers increase their resilience.
MultiChoice Group (MCG) has announced that its subsidiary SuperSport has acquired exclusive rights to broadcast Ethiopian Premier League matches.
Ethiopian Airlines Group, Largest Aviation Group in Africa announced it will cover the medical insurance including repatriation, evacuation and quarantine costs related to COVID-19 as of 1st of October 2020 until 31st of March 2021.
Gebeya, and the International Finance Corporation (IFC), a member of the World Bank Group through the Women Entrepreneurs Finance Initiative, or We-Fi program, have signed a $500,000 advisory services agreement to implement the Digital Gender-Ethiopia Program.
With the easing of travel restrictions across the globe, Ethiopian announced it will restart scheduled commercial flights to Johannesburg and Cape Town as of 01 October 2020.
The U.S. administration has decided on a plan that entails the suspension of financial assistance for Ethiopia due to the country’s dispute with Egypt and Sudan over the Grand Ethiopian Renaissance Dam project.
The World Bank approved a $80 million grant from the International Development Association (IDA) to support the government of Ethiopia boost agricultural productivity and enhance market access for smallholder farmers.
The International Telecommunication Union (ITU) and the Enhanced Integrated Framework (EIF) have launched a cooperative project to enhance the digital ecosystem and build digital skills for women in Least Developed Countries (LDCs).
Pearl Dairy Farms is now exporting its range of milk powder products to Ethiopia, Malawi and South Sudan underpinned by the ratification of the Africa Continental Free Trade Area (AfCFTA) agreement.
Ethiopia has received $14.85 million grant from the Global Partnership for Education (GPE) to boost its response to disruptions in education caused by COVID-19.
Ethiopia has joined the Centre for Agriculture and Bioscience International, CABI, becoming its 50th member.
International events company dmg events, has acquired Addisbuild, the longest-running building and construction exhibition in Ethiopia.
Ethiopian Airlines unveils new passenger terminal at Bole International Airport with focus on biosafety
Ethiopian Airlines Group has completed a new passenger terminal at its hub Addis Ababa Bole International Airport with emphasis on Bio Security and Bio Safety measures.
Kaspersky analysis has revealed that phishing attacks are becoming increasingly more targeted. A number of new tricks have also been found - from HR dismissal emails to attacks disguised as delivery notifications.
Ethiopian Airlines, Africa’s largest airline has increased the frequency of its scheduled flights on its domestic destinations to meet the growing demand.
Long lasting environmental degradation, scarcity of water and grasslands are causing friction between host and refugee communities in the Dolo Ado woreda of the Somali region in Ethiopia.
Ethiopian Cargo & Logistics Services, Africa’s largest cargo operator, has partnered with RTS on Cargo Revenue Management and Pricing Solutions.
[Ethiopia] Bank of Abyssinia and visa launch e commerce acquiring business using cybersource payment technology
Bank of Abyssinia, BoA, has become the First Bank in Ethiopia to implement Visa CyberSource payment gateway to drive e-commerce acquiring business.
Eutelsat Communications and Strong Roots Ethiopia Broadcasting Service PLC have concluded a Master Service Agreement for a Ku capacity on a 36 MHz transponder on Eutelsat’s EUTELSAT 8 West B satellite.
Eutelsat Communications and CANAL+ have signed a multi-year, multi-transponder contract for Ku capacity on EUTELSAT 7C to support the launch by CANAL+ of a premium DTH platform in Ethiopia.
Soil degradation and nutrient depletion have been serious threats to agricultural productivity and food security in Ethiopia.
Emirates will restore services to Addis Ababa, Ethiopia from August 1. Other destinations include, Guangzhou (July 25), and Oslo (August 4), e
Radisson Hotel Group has added six new hotels to its African portfolio, bringing the total to almost 100 hotels across 32 African markets.
The French Development Agency (AFD) has signed two grant agreements amounting to €20 million in support of the culture and agriculture sectors in Ethiopia.
Ethiopian Airlines, Africa’s largest airline resumed its service to Duala and Yaoundé in Cameroon, with services being initially available three times a week on Tuesdays, Thursdays and Saturdays.
The Finnish Ministry for Foreign Affairs has granted €11.2 million to 4-year higher education partnerships to develop the capacity of distance learning at higher education institutions.
Ethiopian Airlines, Africa’s largest airline, is resuming service to Dubai further to the ending of the lock-down and its opening for leisure travelers
A funding shortfall of $158 million this year is threatening millions of people in Ethiopia who depend on food and nutrition assistance for their very survival, the United Nations World Food Programme (WFP) warns.
Smallholder farmers in Zimbabwe and Ethiopia have embraced small-scale mechanization thanks to an innovative CIMMYT-led project, which is now drawing to a close.
Ethiopian Airlines has opened up its services to business and leisure travelers with programmes aimed at safeguarding their health and safety.
The United Nations Children’s Fund (UNICEF) and World Food Programme (WFP) have launched a three-year partnership in Ethiopia to support the Government in preventing acute malnutrition in children and mothers.
The President of Dangote Group said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries where the company has its operations.
Ethiopia has taken the lead in the implementation of Climate-Resilient Green Economy to protect itself from the adverse effects of climate change.
Proparco and Ethos Mezzanine Partners have announced a $22 million investment into Turaco, a holding company managed by 54 Capital PE Advisors, which holds a portfolio of FMCG assets in Ethiopia.
The African Development Bank has approved a $1.2 million grant to Ethiopia’s government to finance a feasibility study into a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan.
AfDB's Board of Directors has approved a $1.2 million grant to Ethiopia's government to finance a feasibility study for construction of a standard-gauge railway (SGR) link between Ethiopia and neighbouring Sudan.
The EU has mobilised €3 million in emergency assistance to countries in East Africa that have been hit by heavy rainfall over the past weeks, triggering devastating landslides and floods.
The World Bank approved a financing of $63 million ($31.5 million grant and $31.5 million credit) from the International Development Association to help Ethiopia prevent and respond to the threat to livelihoods posed by the desert locust outbreak.
AfDB has welcomed a decision by CTF to extend a $10 million concessional senior loan for development of the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia.
The African Development Bank (AfDB) has welcomed a decision by the Trust Fund Committee of the Clean Technology Fund to extend a $10 million concessional senior loan the 50 MW Tulu Moyo Geothermal Power Plant project in Ethiopia.
Ethiopian Airlines has introduced a mobile app and chatbot-assisted shipment tracking service to elevate cargo customers’ experience.
Linking agriculture, rural electrification in Ethiopia could unlock $4 billion for national economy, RMI
Rocky Mountain Institute (RMI) launched a new report that shows how electricity can unlock billions of dollars in new value across six agricultural processing or small business opportunities in some of Ethiopia’s most important crops.
The Food and Agriculture Organization (FAO) received a donation of $10 million from the Russian Federation to support its operations in fighting against the Desert Locust outbreak in East Africa.
Falling visibility in three major African cities reveals air pollution has increased significantly over the last 45 years, leaving citizens facing further short-term increases in man-made pollution.
African Asset Finance Company receives $30 million from share offering to expand equipment leasing contracts in Africa
African Asset Finance Company Inc. has announced the final close of a $30 million redeemable preferred share offering, led by Roha II LP. The financing was completed in two equal tranches.
Ethiopian Airlines completed the flight and delivery of the second round shipments of life saving medical supplies to fight COVID-19 donated by Jack Ma to all African countries.
Ethiopian has been deploying its massive cargo capacity to facilitate the flow of essential cargo such as medical supplies wherever they are needed, in response to the growing demand for air cargo services following the spread of COVID- 19.
Poverty reduction in Ethiopia continued despite adverse climatic conditions, with the share of the population below the national poverty line decreasing from 30% in 2010/11 to 24% in 2015/16, according to a new World Bank poverty assessment.
The African Development Bank (AfDB) approved a $1.5 million emergency relief grant to assist nine countries in the East and Horn of Africa on the control of swarms of desert locusts.
Africa’s response to the Coronavirus Disease (COVID-19) outbreak has received a major boost from Jack Ma Foundation and the Alibaba Foundation.
The World Bank approved $500 million from the International Development Association (IDA) in continued support of the Government of Ethiopia’s Homegrown Reform Agenda.
Bolloré Transport & Logistics Ethiopia, a new subsidiary, has been officially launched as part of a joint venture between Bolloré Transport & Logistics and the Ethiopian company CLS Logistics
The United Nations Volunteer Programme (UNV) and COMESA Secretariat have revived the partnership to operationalize the Youth Internship and Volunteer Project.
Ethiopian Airlines operated an all-women functioned flight to Washington DC.
IFC and the National Bank of Ethiopia hosted Ethiopia’s first National Leasing Forum to strengthen Ethiopia’s leasing industry and help it reach its estimated $1 billion potential for supporting thousands of smaller businesses.
Toshiba Energy Systems & Solutions Corporation will be supplying steam turbine and the generator for Aluto Langano Geothermal Wellhead Power System in central Ethiopia
Toyota Tsusho partners with Ethiopian Electric Power to construct small-scale geothermal power plant
Toyota Tsusho signed a contract with Ethiopian Electric Power for the construction of the Aluto Langano Wellhead Geothermal Power Plant with a capacity of 5 MW.
Bill & Melinda Gates Foundation commits $10 million to support global response on East Africa Locust invasion
The Bill & Melinda Gates Foundation announced that it is contributing $10 million to the United Nations FAO to support its work with governments in Ethiopia, Kenya, and Somalia, to combat a locust infestation in East Africa.
In response to the outbreak of desert locusts in East Africa, the United States, through the USAID, will be providing $8 million in humanitarian assistance to support regional operations to control locusts.
Africa, Middle East installed 894MW wind energy capacity in 2019, market expected to grow over 10GW by 2024, GWEC
The latest data released by the Global Wind Energy Council (GWEC) shows Africa and the Middle East installed 894MW capacity of wind power in 2019, a decrease of 7 per cent on the previous year which saw 962MW installed.
Education Cannot Wait (ECW), with the Governments of Ethiopia and Chad and implementing partners, launched two new multi-year resilience programmes in Chad and Ethiopia with US$48 million in seed funding.
Accor, a leading augmented hospitality group, is expanding its presence in Ethiopia after signing a management agreement to open a new property under its design-led economy brand, Ibis Styles.
Ethiopia's agriculture, forestry and fishing sectors, which contributed 31.1 per cent to the country's GDP in 2018, are crucial sectors as they employ two thirds of its labour force.
Orange Digital Ventures Africa announces its latest investment as it leads pre-series A round financing of Gebeya (“marketplace” in Amharic, Ethiopia’s national language).
The Africa Solidarity Trust Fund (ASTF) has donated $1 million to the Food and Agriculture Organization (FAO) of the United Nations to combat the worsening Desert Locust upsurge in the Horn of Africa.
Empower New Energy has partnered with the Norwegian Refugee Council to seek sustainable solutions for replacing fossil fuels with renewable solar energy in Ethiopia.
The Ethiopian Electric Utility (EEU) held celebrations at its primary data center located in Addis Ababa to officially inaugurate the new SAP ERP system.
Sanad and Ethiopian Airlines to launch aircraft maintenance, repair and overhaul center of excellence in Africa
Sanad Aerotech has elevated its business expansion ambitions in Africa by signing a landmark agreement with Ethiopian Airlines.
Ethiopia Electric Utility (EEU) has unveiled a new SAP ERP system to streamline its billing processes and provide increased customer service efficiency.
The UN Food and Agriculture Organization (FAO) warned that the rising numbers of Desert Locusts present an extremely alarming and unprecedented threat to food security and livelihoods in the Horn of Africa.
A new small-scale agricultural machinery leasing scheme in Amhara region, Ethiopia is offering farmers and group of farmers the opportunity to buy agricultural machineries with only 15-20 per cent advance payment.
Nigerian fintech startup Paga, poised for global expansion, has announced its acquisition of Apposit, a United States (US)-based technology company with operations in Ethiopia.
Desert Locust swarms in Ethiopia, Kenya and Somalia, already unprecedented in their size and destructive potential, could swell exponentially and spill over into more countries in East Africa.
PepsiCo, one of the world’s leading food and beverage companies has acquired majority stake in Senselet Food Processing Plc in Ethiopia from Veris Investments.
The UK has invested millions in clean energy projects across Africa, to support the continent's growing energy needs.
The UK is partnering with five African countries to mobilise private sector investment in quality, environmentally-friendly infrastructure projects, International Development Secretary Alok Sharma announces.
The Oromia Coffee Farmers Cooperative Union in Ethiopia is set to commission its first coffee roasting and packaging complex at Gelan town in Oromia Regional state.
Ministers from Egypt, Ethiopia and Sudan reached a long-awaited agreement on the operation of the Grand Ethiopian Renaissance Dam, which will represent the largest hydropower project on the continent upon completion.
The International Finance Corporation (IFC) has extend $55.9 million financing to Habesha Breweries S.C., a beverage manufacturer in Ethiopia.
The U.S. Agency for International Development (USAID) and Awash Bank have partnered to invest in microfinance institutions and small- and medium-sized agricultural businesses in Ethiopia.
Ethiopia’s agricultural sector is the bedrock of the economy, employing more than 70 percent of the workforce, accounting for more than a third of GDP, and serving as the country’s largest earner of foreign exchange.