Ethiopia
Business, investment and infrastructure from Ethiopia, with the deals, numbers and policy shifts that move the market.
Latest from Ethiopia
Addis Ababa unveils 10.5km river project
Ethiopian PM Abiy Ahmed inaugurated the Entoto-Kebena River and Riverside Development Project in Addis Ababa on June 28, spanning 87.6 hectares along a 10.5-kilometre corridor with flood-control walls, bridges,…
Ethiopia clears IMF review, unlocks $468m
The IMF reached a staff-level agreement on Ethiopia’s fifth ECF review on June 3, paving the way for a $468 million disbursement that would bring…
Ethiopia lures Kenya’s EV makers north
Ethiopia’s target for EVs to represent 80% of new vehicle registrations by 2030 is drawing Kenya’s top electric mobility companies northward. Spiro…
Ethiopian Airlines confirmed a global competitor
US Ambassador to Ethiopia Ervin Massinga declared on May 26 that Ethiopian Airlines is no longer simply a regional carrier but a competitor on the…
Ethio Telecom hits Ethiopia’s stock exchange
Ethio Telecom listed on the Ethiopian Securities Exchange on May 26 under ticker TELE, becoming the first state-owned enterprise and first…
Ethiopia’s Eurobond talks collapse, bondholders sue
Ethiopia’s Ministry of Finance announced on May 28 that formal Eurobond restructuring talks with private bondholders collapsed after they rejected a…
Dangote’s Ethiopia bet hits $4bn
Aliko Dangote has raised the Dangote Group’s investment in an Ethiopian fertiliser complex at Gode to more than $4 billion, up from $2.5 billion.…
Airbus hails Ethiopian Airlines as Africa’s aviation blueprint
Airbus’s Africa director publicly praised Ethiopian Airlines as the definitive continental aviation success story at the Africa Forward Summit week,…
Dangote supplies jet fuel to Ethiopian Airlines
Dangote Petroleum Refinery has made its first jet fuel delivery to Ethiopian Airlines, marking the Lagos facility’s first cross-border aviation fuel…
Ethiopia breaks ground on Africa’s biggest airport at $12.5bn
Ethiopia has begun development of a $12.5 billion international airport at Bishoftu, 45km from Addis Ababa, with PM Abiy Ahmed Ali calling it…
Dodai raises $13m to build Ethiopia EV network
Ethiopian electric mobility startup Dodai has closed a $13 million Series A including BII debt financing to scale its locally assembled electric…
Ethiopia hits 10,000 MW power milestone
Ethiopia’s power generation capacity has crossed 10,000 megawatts, Prime Minister Abiy Ahmed confirmed, driven by the Grand Ethiopian Renaissance…
Ethiopia seals $13.1bn at investment forum
Ethiopia secured $13.1 billion in investment agreements at its 2026 Invest in Ethiopia forum, led by partners from China, India, Poland, Singapore,…
Ethiopia seals $13bn in deals at one forum
Ethiopia’s Invest in Ethiopia 2026 forum closed with $13.1 billion in signed deals, led by Chinese firm Ming Yang Smart Energy Group’s $10 billion…
Italy backs Koysha dam and Bishoftu airport
Italy has pledged financing for Ethiopia’s $2.7 billion Koysha hydropower project and selected components of the $12.7 billion Bishoftu Airport in…
Dangote seals $4.2bn gas deal with GCL
Dangote Industries and China’s GCL Group have signed a $4.2 billion, 25-year natural gas supply deal to power a 3-million-tonne-per-year urea…
Ethiopian Airlines opens $50m domestic terminal
Ethiopian Airlines has inaugurated a $50 million expanded domestic terminal at Addis Ababa Bole International Airport, more than doubling its size…
Ethiopia spends billions shielding fuel prices from Gulf war
Ethiopia has sharply expanded fuel subsidies after the US-Israel-Iran conflict closed the Strait of Hormuz and pushed global diesel prices up 343%.…