Spotlight | Ethiopia
Abiy Ahmed Ali's latest gamble to save the economy

Ethiopia
World Bank releases $132m for Abiy's cherished electrification project

On 29 and 30 November, the World Bank awarded three lots to Prime Minister Abiy Ahmed's flagship ADELE project, which aims to achieve universal electrification in Ethiopia by 2025.

East Africa, Ethiopia
Indian firm selected for first phase of digital ID project

The government has launched a vast programme to set up a digital identity system for citizens. Its printing and data storage contracts offer rich pickings.

The New Guard
Tanzania, Egypt, Ethiopia, Senegal

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

TanzaniaJoel Nanauka, the influencers' influencer

EgyptOmar Shoukry, head of start-up Nawah Scientific

EthiopiaLelise Neme, the government's investment champion

SenegalBabacar Ka, fund DPI's deal-maker

Ethiopia
After brief respite, Tigray starved of cash again

Ethiopia's central bank sent more than $90m worth of birr in cash to banks in war-ravaged Tigray last month. Within a couple of weeks, there was barely any of it left. Here's why.

Ethiopia
Former agriculture minister posted to UAE as ambassador

Former agriculture minister Oumer Hussein Oba has been appointed Ethiopian ambassador to the United Arab Emirates, where he is expected to move soon.

Ethiopia
Addis-Ababa tries to reassure investors as fighting in Tigray surges

Ethiopia's diplomats are worried about investors withdrawing due to the civil war and security risks. Foreign investments are the country's third top source of foreign currency.

Ethiopia
The final obstacles on the road to Ethio Telecom's privatisation

On 14 June, the Ethiopian government kick-started the tendering process for the future partial privatisation of the state-owned telephone operator Ethio Telecom.

Ethiopia
Army behind missing Ethiopian Shipping Lines containers

Almost all of the country's freight passes through logistics hubs owned by Ethiopian Shipping Lines, a state-owned monopoly. But for several years, hundreds of containers passing through these platforms have never been returned to the shipowners.

Ethiopia
Vodafone warms up for mobile licence war

The last African country with a cellphone monopoly, Ethiopia is finally set to sell two operating licences. Britain's giant Vodafone is ready to do battle.

Ethiopia
Ethio Telecom soon to face new competition

The minister of transport and communications, Dagmawit Moges, working in [...]

Ethiopia
Potential political fallout from IMF pressure

According to our information, the International Monetary Fund (IMF) and the Ethiopian authorities have agreed on a three-year aid plan [...]

Ethiopia
Eyob Tekalign Tolina set to get top finance job?

According to our information, the Ethiopian prime minister Abiy Ahmed Ali may be about to reshuffle his ministerial team in [...]

Ethiopia
Theodros Teshome takes up residence at Ghion Hotel

According to our sources, the businessman Theodros Teshome, a childhood friend of the Ethiopian prime minister Abiy Ahmed Ali, has [...]

Ethiopia
Concerted drive to attract private investment

In Prime Minister Abiy Ahmed Ali's view, only by attracting private investors - and above all foreign direct investment (FDI) [...]

Ethiopia
Luna Export caters to Middle Eastern goat market

One of Ethiopia's leading meat producers is poised to expand its facilities in a move designed to cater to the needs of the Arab market. However, the project could exacerbate political tensions…

Djibouti, Ethiopia
Demeter plants its seeds in Ethiopian agricultural sector

Some forty entrepreneurs from the French agribusiness sector who are members of the Club Demeter conducted an official trip to [...]

Ethiopia
Abiy Ahmed Ali to pay off debts of Meles and Hailemariam

With privatisations pending, PM Abiy Ahmed Ali will have to repay the debts of state-owned companies inherited from his predecessors.

Mali
IMF and World Bank pull out all the stops for EDM

The state-owned power firm Energie du Mali (EDM) is about to launch into a string of reforms to rebalance its [...]

Ethiopia
EU gets involved in industrial parks initiative

Brussels has pledged to invest €200 million in industrialising Ethiopia.

Ethiopia
Abiy Ahmed Ali invites diaspora to invest in homeland

According to information obtained exclusively by the Indian Ocean Newsletter, on 3 May a draft bill endorsed by the cabinet [...]

Ethiopia
PwC surfs wave of Ethio Telecom privatisation

With a view to facilitating the partial privatisation of Ethio Telecom, the government has decided to assess the assets of [...]

Ethiopia
Banking system to open up to foreigners

The government has given the green light to liberalising the financial sector.

Ethiopia
World Bank to support privatisations

The new prime minister is reviving ties with the Bretton Woods institution, snubbed by his predecessors.