Horn Telecom Operators Seal Deal for Joint Fiber Network Project
Ethio telecom, Djibouti Telecom, and Sudatel have signed a contractual agreement to jointly develop a regional terrestrial fiber network that is expected to reduce...
PM Abiy Shoots Down Trump’s GERD Funding Claims
- “Ethiopia did not borrow or receive a penny to finance GERD.” Prime Minister Abiy Ahmed (PhD) has refuted claims from Donald Trump that the...
Aircraft Damaged in Niamey will Return to Service: Ethiopian Airlines
Two Boeing aircraft leased by ASKY Airlines have been rendered temporarily out of service after sustaining damage in an attack on Niger’s Diori Hamani...
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Gov’t Revises GDP Growth Forecast to 10.2pct
The government has revised its projections for economic growth during the 2025/26 fiscal year, with its new forecast up a full percentage point from...
Ethiopia Mobilized over USD 18bln in Six Months, Says PM
- Import bill stands at USD 11.3bln The Prime Minister tells Parliament that Ethiopia registered record forex revenues over the past six months, putting the...
Eurobond Restructuring Efforts Suffer Major Setback as Creditors Committee Rejects AIP
Ethiopia’s bid to restructure its USD one billion Eurobond debt has suffered a significant setback as its creditors committee rejects an agreement in principle...
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Telebirr Excels as Ethio telecom Falls Short of Half-Year Revenue Target
Ethio telecom generated 85 billion Birr in revenue over the first half of the fiscal year, which also saw transactions valued at nearly two...
EU, India Strike Historic Preferential Trade Deal amid US Tariff Spree
The European Union (EU) and India have reached a historic trade deal substantially reducing trade barriers amid growing volatility in international trade driven largely...
Allied Gold Sells Kurmuk Project to China’s Zijin
Egyptian firm poised to earn USD 375mln from sale, Ethiopian gov’t likely to get nothing Zijin Gold International is set to acquire Allied Gold Corp,...
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IMF’s Abebe Aemro Selassie to Retire in May
Abebe Aemro Selassie is set to part ways with the International Monetary Fund (IMF) in the coming May, retiring from his post at the...