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Ethiopia

Ruto leverages trade to ease Ethiopia-Somalia tensions

The future of the East African Community and regional insecurity topped the agenda of a recent tete-a-tete between Kenya President William Ruto and Ethiopian Prime Minister Abiy Ahmed.

Subscribers only Diplomacy 12.11.2024

Djibouti port, on 10 November 2024. © Wang Guansen/Xinhua via AFP

Houthi Red Sea attacks disrupt Djibouti-Addis trade route

Security concerns have prompted shipping companies to use smaller vessels for containers bound for Djibouti, the main port of entry for goods heading to Ethiopia, where the ensuing delays have set back key projects.

Subscribers only Defence 12.11.2024

Egyptian President Abdel Fattah al-Sisi in Kazan, Russia, 23 October 2024. © Alexander Nemenov/Pool via Reuters

Spotlight
Cairo builds Nile Basin alliances to counter Addis Ababa

Despite its isolation over Nile water management, Egypt has begun to build a coalition of security partners with countries through which the river flows, starting with Uganda. The aim is to counter Ethiopia's influence.

Subscribers only Defence, North Africa, Diplomacy 11.11.2024

Ethiopian prime minister Abiy Ahmed and French president Emmanuel Macron on 12 March 2019 in Addis Ababa. © STR/EPA/Newscom/MaxPPP

Paris prepares to resume sovereign loans to Addis Ababa

France suspended credit facilities to Ethiopia after civil war broke out in the northern Tigray region. These might resume next year, depending on how discussions with the Paris Club and China, among other lenders, progress.

Subscribers only Finance, Diplomacy 08.11.2024

The chief executive officer of the Ethio-Djibouti Railway, Takele Uma Banti, in Addis Ababa in May 2022. © Minasse Wondimu Hailu/Anadolu via AFP

Inner circles
Who's who in the entourage of Takele Uma, Abiy's new Ethio-Djibouti Railway boss

The Ethiopian PM has appointed the former Addis Ababa mayor and minister of mines, whom he dismissed last year, to revitalize the struggling railway. An early supporter of Abiy, Takele has surrounded himself with loyalists, which risks raising some hackles.

Subscribers only Politics 25.10.2024

Richard Deitz, President of VR Capital, at the Sohn Investment Conference in New York City, 4 May 2016. © Brendan McDermid/Reuters

VR Capital's arrival complicates Addis Ababa's negotiations with private creditors

As the annual IMF and World Bank meetings get underway, Ethiopia is hoping to reach an agreement with its official creditors by the end of the year. But negotiations with newcomer VR Capital look set to be tough.

Subscribers only Finance 22.10.2024

Two mining execs detained in Oromia amid joint venture rift

The Kenticha lithium and tantalum mine is at the heart of a dispute involving the regional government and Australia's Africa Mining & Energy.

Subscribers only Mining 01.11.2024

Ogaden Liberation Front announces plenary session from abroad

The gathering is due to take place on 26-27 October.

Subscribers only Politics 25.10.2024

Eritrea's football team resurrected to face Ethiopia

For the first time since January 2020 when they lost 1-0 at home in Asmara to Sudan in a friendly, the Eritrean men's national team will once more play an international football match.

Subscribers only Diplomacy 23.10.2024

Well-connected Ethiopian Olympics boss defies human trafficking accusations

The president of the Ethiopian Olympic Committee has been accused of taking advantage of the Paris Games to facilitate visas for several delegates with no connection to the event. Ashebir Woldegiorgis Gayo, a member of the ruling Prosperity Party, enjoys parliamentary immunity.

Subscribers only Politics 15.10.2024

Athletes from Ethiopia's delegation at the opening ceremony of the Paris Olympic Games on 26 July 2024.

Addis Ababa lays foundations for rail liberalisation

A team of experts has submitted its report on rail reform to the transport ministry, with the aim of introducing private competition to state-owned Ethiopian Railways Corp. Among the recommendations is the creation of a regulatory authority.

Free access Infrastructure 10.10.2024

A train arrives at Lebu station in Addis Ababa on 10 May 2024.

Foreign mining companies keen to extend their time in Tigray

With their business stalled by two years of conflict in Tigray, mining companies Newmont, Sun Peak and ANS Exploration are seeking to extend their exploration licences, without however resuming their activities. This is fuelling tension in a region whose economy is struggling to recover from a two-year civil war.

Subscribers only Mining 09.10.2024

Tigray gold fuels TPLF infighting

Behind the crisis within the Tigray People's Liberation Front, top party officials are at odds over the northern region's mineral resources. Getachew Reda's provisional administration is trying to regulate the sector, which is still dominated by small-scale and even illegal mining.

Subscribers only Mining, Politics 27.09.2024

Getachew Reda on 7 November 2022 in Nairobi and Debretsion Gebremichael on 8 June 2019 in Mekele.

At the heart of IMF programme, Commercial Bank of Ethiopia under pressure

Ethiopia's largest bank is to receive almost $700m for a recapitalisation operation that comes with a complete overhaul of its risk management system. The introduction of environmental, social and governance standards into the country's banking sector as a whole is still in its infancy.

Subscribers only Finance 13.09.2024

Spotlight
Ethiopian banks under pressure as foreign competition looms

The liberalisation of the exchange rate for the birr last month has shaken up the banking sector. The country's 32 banks will now have to adapt to the arrival of new lenders and some may not survive.

Subscribers only Business 22.08.2024

The Commercial Bank of Ethiopia headquarters in Addis Ababa on 13 February 2021.

$500m World Bank-funded energy access project flounders

More than three years after the launch of a project in Ethiopia to improve access to electricity, sector professionals are beginning to lose patience. Several tenders have had to be re-run, and access to funding is proving difficult in an already gloomy economic climate.

Subscribers only Infrastructure, Energy 30.07.2024

NGO accuses government of discriminating against Tigrayans

ETHIOPIA | The NGO Human Rights First Ethiopia has collected reports from Tigrayans accusing the state agency Ethiopia Immigration and Citizenship Service of 'discriminatory practices' against them.

Subscribers only Politics 30.07.2024

Spotlight
Donors back $10.5bn IMF support programme for Addis

The Ethiopian government looks set to receive the first funds from this deal, which it has been negotiating with the International Monetary Fund since 2021. This follows a wave of reforms and the adoption of a new monetary policy by its central bank, but some uncertainty still remains.

Subscribers only Finance 25.07.2024

The cityscape of Addis Ababa, Ethiopia, in April 2024.

Kampala and Addis sketch out military rapprochement

Ugandan and Ethiopian military commanders met at the beginning of July to discuss military cooperation in the fields of training, intelligence, financing and the defence industry.

Subscribers only Defence 19.07.2024

Running story
The Renaissance Dam – a national symbol but a regional quandary

Although the Grand Ethiopian Renaissance Dam (GERD) is due to come into service in 2021, no agreement has yet been found by Egypt, Ethiopia and Sudan regarding their respective rights to the waters of the River Nile.

Subscribers only Energy, Diplomacy 19.07.2024

Grand Ethiopian Renaissance Dam construction.

State power utility seeks funds to develop fibre optic network

Ethiopian Electric Power will be able to lease its future cables to the country's two telecoms operators. This should ensure a rapid return on this investment, at a time when the utility is struggling to service its debts.

Free access Finance 16.07.2024

Spotlight
Large companies under threat of tax clampdown in Ethiopia

Grappling with a chronic shortage of revenue, the Ethiopian government is tightening the screws on foreign investors. The new budget, explained by Prime Minister Abiy Ahmed last week, is part of this trend.

Subscribers only Business 08.07.2024

Ethiopia's Prime Minister Abiy Ahmed speaks in Parliament during a session to approve the country's 2024/25 budget in Addis Ababa, on 4 July 2024.

MSC suspends main operations in Red Sea after fresh attack

Breaking news published on 29/06/24 at 11:30 GMT - Following a fresh attack by Houthi rebels in Yemen, shipping giant Mediterranean Shipping Co has suspended most of its Red Sea operations at the ports of Djibouti and Berbera in Somaliland, according to our sources.

Subscribers only Commodity traders 29.06.2024

A Mediterranean Shipping Company (MSC) ship is being seen on the coastal line in Colombo, Sri Lanka, on 24 April 2024.

French business support network opens branch in Addis Ababa

CCI France International is opening a branch in Addis Ababa to replace the Club d'Affaires Franco-Ethiopien.

Subscribers only Business 26.06.2024

Inner circles
Ethiopian Olympic Committee boss Ashebir Woldegiorgis aims high

With the Paris Olympics just around the corner, the multi-faceted and well-connected businessman is set on not disappointing PM Abiy Ahmed.

Subscribers only Politics 21.06.2024

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Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Ethiopia

Ruto leverages trade to ease Ethiopia-Somalia tensions

Houthi Red Sea attacks disrupt Djibouti-Addis trade route

Spotlight
Cairo builds Nile Basin alliances to counter Addis Ababa

Paris prepares to resume sovereign loans to Addis Ababa

Inner circles
Who's who in the entourage of Takele Uma, Abiy's new Ethio-Djibouti Railway boss

VR Capital's arrival complicates Addis Ababa's negotiations with private creditors

Two mining execs detained in Oromia amid joint venture rift

Ogaden Liberation Front announces plenary session from abroad

Eritrea's football team resurrected to face Ethiopia

Well-connected Ethiopian Olympics boss defies human trafficking accusations

Addis Ababa lays foundations for rail liberalisation

Foreign mining companies keen to extend their time in Tigray

Tigray gold fuels TPLF infighting

At the heart of IMF programme, Commercial Bank of Ethiopia under pressure

Spotlight
Ethiopian banks under pressure as foreign competition looms

$500m World Bank-funded energy access project flounders

NGO accuses government of discriminating against Tigrayans

Spotlight
Donors back $10.5bn IMF support programme for Addis

Kampala and Addis sketch out military rapprochement

Running story
The Renaissance Dam – a national symbol but a regional quandary

State power utility seeks funds to develop fibre optic network

Spotlight
Large companies under threat of tax clampdown in Ethiopia

MSC suspends main operations in Red Sea after fresh attack

French business support network opens branch in Addis Ababa

Inner circles
Ethiopian Olympic Committee boss Ashebir Woldegiorgis aims high

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

Senegal Guns and oil drive Russia's Dakar courtship

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

The generals waging war from Khartoum to Darfur

African Union: the battle of the giants

Transition: what's next after the coup?

Ethiopia

Ruto leverages trade to ease Ethiopia-Somalia tensions

Houthi Red Sea attacks disrupt Djibouti-Addis trade route

Spotlight Cairo builds Nile Basin alliances to counter Addis Ababa

Paris prepares to resume sovereign loans to Addis Ababa

Inner circles Who's who in the entourage of Takele Uma, Abiy's new Ethio-Djibouti Railway boss

VR Capital's arrival complicates Addis Ababa's negotiations with private creditors

Two mining execs detained in Oromia amid joint venture rift

Ogaden Liberation Front announces plenary session from abroad

Eritrea's football team resurrected to face Ethiopia

Well-connected Ethiopian Olympics boss defies human trafficking accusations

Addis Ababa lays foundations for rail liberalisation

Foreign mining companies keen to extend their time in Tigray

Tigray gold fuels TPLF infighting

At the heart of IMF programme, Commercial Bank of Ethiopia under pressure

Spotlight Ethiopian banks under pressure as foreign competition looms

$500m World Bank-funded energy access project flounders

NGO accuses government of discriminating against Tigrayans

Spotlight Donors back $10.5bn IMF support programme for Addis

Kampala and Addis sketch out military rapprochement

Running story The Renaissance Dam – a national symbol but a regional quandary

State power utility seeks funds to develop fibre optic network

Spotlight Large companies under threat of tax clampdown in Ethiopia

MSC suspends main operations in Red Sea after fresh attack

French business support network opens branch in Addis Ababa

Inner circles Ethiopian Olympic Committee boss Ashebir Woldegiorgis aims high

Create a notification

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Spotlight
Cairo builds Nile Basin alliances to counter Addis Ababa

Inner circles
Who's who in the entourage of Takele Uma, Abiy's new Ethio-Djibouti Railway boss

Spotlight
Ethiopian banks under pressure as foreign competition looms

Spotlight
Donors back $10.5bn IMF support programme for Addis

Running story
The Renaissance Dam – a national symbol but a regional quandary

Spotlight
Large companies under threat of tax clampdown in Ethiopia

Inner circles
Ethiopian Olympic Committee boss Ashebir Woldegiorgis aims high