Tag Ethiopia

Abidjan-Lagos Highway Set to Transform Regional Trade

THE ambitious Abidjan-Lagos highway project is set to become a game-changer for West Africa, connecting five major countries and fostering regional integration by 2030. Stretching 1,028 kilometres, the coastal motorway will link Cote d’Ivoire, Ghana, Togo, Benin, and Nigeria, creating…

Ethiopia’s Dire Dawa Free Trade Zone Now Fully Operational

THE Ethiopian Industrial Parks Development Corporation (IPDC) has announced that Ethiopia’s first free trade zone, the Dire Dawa Free Trade Zone, is now fully operational. This development is set to attract international manufacturing companies to Ethiopia, strengthening the East African…

Ethiopia’s PM Accuses Embassies of Black Market Forex Deals

ETHIOPIAN Prime Minister Abiy Ahmed has accused some foreign embassies of undermining the country’s economy through black market foreign currency dealings. Addressing the House of People’s Representatives, Abiy alleged that certain embassies have been engaging in unauthorised foreign exchange transactions,…

Ethiopia’s Digital Economy Set to Add $10.9bn to GDP by 2028

ETHIOPIA’S digital sector could inject 1.3 trillion birr (around $10.9bn) into the country’s GDP by 2028, according to a new report by the GSMA, the global association for mobile network operators. The Ethiopian Digital Economy Report projects that digital advancements will help…

Ethiopia-Djibouti Railway Hailed For Boosting Trade And Growth

THE Ethiopian government has recognised the Chinese-built Ethiopia-Djibouti railway for its significant contribution to the country’s expanding export-import trade. The 752-km railway, a vital link between the two countries, has been praised for its fast-growing role in promoting socio-economic development. The Ethio-Djibouti…

Ethiopia Appoints New President After Rift With PM

Ethiopia parliament has approved Taye Astike Selassie as the new president, replacing Sahle-Work Zewde, the country’s first female head of state. Taye, who has served as foreign minister since February, steps into the largely ceremonial role, while political power remains…