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Europe Top News and Analysis Ethiopia


  • ADDIS ABABA, Oct 4- Ethiopia aims to triple its number of foreign visitors to more than 2.5 million by 2020, making tourism a pillar of one of Africa's fastest-growing economies. Though lacking the palm-fringed beaches and safari trails of neighbouring Kenya and Tanzania, the Horn of Africa country boasts magnificent terrain and a fascinating imperial past.

  • ADDIS ABABA, Ethiopia— A government official in Ethiopia says his country will begin exporting natural gas in three to five years following the discovery of huge reserves in the country's Somali region. Ethiopian Mines Minister Tolossa Shagi said Friday the country expects to make in excess of $1 billion in annual foreign exchange earnings from gas exports.

  • *Low-cost airlines launch, expand in Africa. Fastjet is among a wave of low-cost airlines launching or expanding operations in Africa as they seek to capture middle-income travellers who are tired of dangerous road journeys but cannot afford major international carriers. Where low-cost routes have opened in Africa, prices have dropped by around 40 percent...

  • ADDIS ABABA, Sept 2- Djibouti's relaunched national airline, now managed by a company run by the frontman of English heavy metal band Iron Maiden, is looking to remake itself as an Africa- wide air freight service, it said on Wednesday. Tiny Djibouti is sandwiched between Eritrea, Somalia and Ethiopia in the Horn of Africa, sitting strategically at the Red Sea and...

  • With the House of Representatives and Senate rushing toward a five-week summer recess, Republican leaders in both chambers embraced the newest version of a bill to temporarily fund road and mass transit construction projects. Late on Monday, the Senate demonstrated strong support for renewing the Ex-Im Bank, whose charter expired on June 30, by attaching a...

  • The new plan leaves the Senate few options but to pass the short-term extension or face a disruption in federally funded road and mass transit projects starting on Aug. 1. The Senate late on Monday voted to attach a revival of the government trade bank, idled since July 1, to a six-year transportation spending plan that identifies funding for about three years'...

  • ADDIS ABABA, July 2- A property boom in Ethiopia's capital is putting pressure on the government to keep homes affordable for some of Africa's poorest people who also live in one of its fastest-growing economies. Smart flats and hotels in mirror-glass buildings rise up in areas of Addis Ababa where shacks once stood. If I had enough money, I would buy more, "said...

  • PARIS, June 17- Boeing announced at the Paris air show on Wednesday that Ethiopian Airlines was the unidentified customer behind a previously announced order for six 787-8 Dreamliners, worth $1.3 billion at list prices. Ethiopian Airlines Chief Executive Tewolde GebreMariam added that the carrier planned to "keep investing heavily in technologically...

  • Chinese airlines look inland for outbound opportunities Wednesday, 13 May 2015 | 11:19 PM ET

    By Fang Yan and Matthew Miller BEIJING, May 14- Chinese airlines are banking on the newly rich in China's inland provinces to drive the next phase of their global expansion, offering flights to destinations like San Jose and Nairobi from cities hundreds of miles from aviation hubs on the Chinese coast. Air China, China Eastern Airlines and China Southern...

  • Recolonizing Africa: A modern Chinese story? Tuesday, 30 Dec 2014 | 5:57 PM ET

    China, one of the world's largest "emerging" investors, is ramping up investment in Sub Saharan Africa as it searches for resources, but whether the benefits are mutual isn't clear.

  • Investors bet on the world's newest middle class Monday, 22 Dec 2014 | 5:00 AM ET
    A customer browses men's shoes in the footwear department inside a Truworths International Ltd. fashion store in Sandton, South Africa

    Experts reveal which sectors in Africa are poised to make headway, and how investors are tapping in.

  • When will an Ethiopia issue a bond? Wednesday, 23 Jul 2014 | 7:00 PM ET
    When will an Ethiopia issue a bond?

    The issuance of Ethiopian bonds "depends on the success" the country has over the next three-to-four years, Hailemariam Desalegn, Ethiopian's prime minister explains.

  • World Bank is 'wrong' about Ethiopia: PM Wednesday, 23 Jul 2014 | 7:00 PM ET
    World Bank is 'wrong' about Ethiopia: PM

    What¿s happening in Ethiopia is different from what the World Bank's Doing Business Survey indicates, says the country's prime minister, Hailemariam Desalegn.

  • Ethiopia not ready for 'neo-liberalism': PM Wednesday, 23 Jul 2014 | 7:00 PM ET
    Ethiopia not ready for 'neo-liberalism': PM

    Hailemariam Desalegn , Ethiopia's prime minister, tells CNBC that the country will only open up all its sectors to foreign investors once domestic companies can compete.

  • Ethiopia's PM on tensions with Egypt Wednesday, 23 Jul 2014 | 7:00 PM ET
    Ethiopia's PM on tensions with Egypt

    Tensions between Egypt and Ethiopia rose with the construction of the Grand Ethiopian Renaissance Dam. Hailemariam Desalegn, Ethiopia's prime minister, discusses the progress of talks between the two countries.

  • Freedom of the press in Ethiopia Wednesday, 23 Jul 2014 | 7:00 PM ET
    Freedom of the press in Ethiopia

    The Human Rights Watch has accused Ethiopia of severely restricting freedom of expression. The country's prime minister, Hailemariam Desalegn responds to these accusations.

  • Agriculture to cut poverty in Ethiopia: PM Wednesday, 23 Jul 2014 | 7:00 PM ET
    Agriculture to cut poverty in Ethiopia: PM

    Ethiopia can achieve its target of reducing poverty further, Hailemariam Desalegn, the Ethiopian prime minister tells CNBC, adding that the country's wealth is very "inclusive".

  • Agriculture's share of GDP decreasing: PM Wednesday, 23 Jul 2014 | 7:00 PM ET
    Agriculture's share of GDP decreasing: PM

    Ethiopian economy is transforming, says the country's prime minister, Hailemariam Desalegn. He also discusses the agricultural sector.

  • The World Bank is 'wrong' on Ethiopia: PM Wednesday, 23 Jul 2014 | 1:50 AM ET
    The World Bank is 'wrong' on Ethiopia: PM

    Ethiopian Prime Minister Hailemariam Desalegn, says the World Bank's negative view of the country's economy is wrong and says local businesses are competitive.

  • Aliko Dangote makes his billions as Nigeria grows Tuesday, 29 Apr 2014 | 7:00 AM ET

    Builds a trading and industrial empire that shows it is possible to create wealth in the region by other means than tapping its rich natural resources.