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  • Crown Prince of Abu Dhabi Mohammed bin Zayed Al Nahyan (L) meets Ethiopian Prime Minister Abiy Ahmed (R) at National Palace in Addis Ababa, Ethiopia on June 15, 2018.

    The sum is part of a total of a $3 billion aid and investment pledge from the UAE to Ethiopia announced Friday.

  • MOGADISHU, June 16- Somalia and Ethiopia announced they were jointly investing in four seaports to attract foreign investment to their two countries, the latest move in a tussle for access to ports along one of the world's most strategic waterways. The Horn of Africa's Red Sea coastline extending north of Somalia through Djibouti and Eritrea toward the...

  • ADDIS ABABA, June 6- Ethiopia's decision to sell stakes in its lucrative telecoms monopoly and other assets could open one of the world's largest untapped markets to huge potential investments by firms willing to work with a government still wary of private enterprise. The stake sales were announced on Tuesday, the same day Ethiopia said it would implement a...

  • ADDIS ABABA, June 6- Ethiopia's decision to sell stakes in its lucrative telecoms monopoly and other assets could open one of the world's largest untapped markets to huge potential investments by firms willing to work with a government still wary of private enterprise. The stake sales were announced on Tuesday, the same day Ethiopia said it would implement a...

  • ADDIS ABABA, Ethiopia— Ethiopia has announced it will fully accept the terms of a peace agreement with neighboring Eritrea in a major step toward calming deadly tensions with its decades-long rival, as dramatic reforms under a new prime minister continue. The news came just hours after Ethiopia lifted a state of emergency in what had been the biggest reform yet...

  • Ethiopian Prime Minister Abiy Ahmedat at the National Palace in Addis Ababa, Ethiopia, on May 25, 2018.

    The East African growth hub lifted its state of emergency two months early on Tuesday.

  • NAIROBI, June 4- Kenya Airways is close to winning approval to run the country's main airport in Nairobi, looking to copy a model that has enabled rivals to overtake it, its chairman said on Monday. Michael Joseph said the loss-making airline had proposed forming a special purpose vehicle with state-run Kenya Airports Authority allowing the airline to run Jomo...

  • Security measures are taken as the Oromo people protest against government during the Irreecha holiday in Addis Ababa, Ethiopia, on October 2, 2016.

    It would be the most significant change so far under the country's young new prime minister.

  • ADDIS ABABA, May 23- Ethiopia's state-run telecoms monopoly has agreed to allow some local firms to provide internet services through its infrastructure, a move seen as spurring competition and expanding the data market, officials said. Ethio Telecom has more than 16 million subscribers of internet services in the country of over 100 million people.

  • ADDIS ABABA, May 23- Ethiopia's state-run telecoms monopoly has agreed to allow some local firms to provide internet services through its infrastructure, a move seen as spurring competition and expanding the data market, officials said. Ethio Telecom has more than 16 million subscribers of internet services in the country of over 100 million people.

  • ADDIS ABABA, May 17- Unidentified gunmen killed the Ethiopia country manager of Nigeria's Dangote Industries on Wednesday after he was attacked in the restive Oromiya region while returning to the capital from Ethiopia's largest cement factory, officials said. Oromiya, which surrounds the capital Addis Ababa, has been plagued by violence for more than two...

  • ADDIS ABABA, May 16- Unidentified gunmen killed the manager of a plant owned by Nigeria's Dangote Industries Limited in Ethiopia on Wednesday after he was attacked in the restive Oromiya region while returning to the capital from the factory, officials said. Oromiya, which surrounds the capital Addis Ababa, was plagued by violence for over two years, largely...

  • A worker fits parts to the underside of a raised Hyundai Accent car at a vehicle assembly plant in Lagos, Nigeria, on February 17, 2016.

    Nigeria is in a position of leadership on a proposed Africa-wide trading bloc despite not having signed up to the deal, said the managing director of Ecobank Nigeria.

  • *State-owned carrier is Africa's biggest airline. Its plan had been to more than double its fleet to 120 and become Africa's biggest airline by 2025, but it already has 100 planes flying to dozens of destinations from Asia to South America, including four U.S. cities. The state-owned carrier has also outpaced regional competitors Kenya Airways and South...

  • Djibouti had been seeking investors for its port since it terminated Dubai's state-owned DP World's concession to run the port two months ago, citing a failure to resolve a six-year contractual dispute. The port is a key asset for Djibouti, a tiny state along the Red Sea whose location is of strategic value to countries such as the United States, China, Japan and...

  • *Egypt cracking down on rice cultivation to save water. *Egypt expected to have to import 1 mln T rice per year. KAFR ZIADA, Egypt/ DUBAI, April 23- Rice farmers in Kafr Ziada village in the Nile River Delta have ignored planting restrictions aimed at conserving water for years, continuing to grow a medium-grain variety of the crop that is prized around the Arab world.

  • ADDIS ABABA, April 23- Local business leaders at a banquet in Ethiopia's capital last week were hoping the new prime minister Abiy Ahmed would tell them he planned to loosen the state's grip on the economy. He took power on April 2 promising a "new political beginning". Ethiopia has let foreign companies such as fashion chain H&M set up factories in a decade-long...

  • A public swimming pool, in a suburb of Cape Town has been emptied due to local water restrictions on March 6, 2018.

    Cape Town's recent water shortage crisis has raised global concern about the threat of water scarcity.

  • People working on an assembly line at Huajian shoe factory in Dukem, Ethiopia, on April 19, 2012.

    East African economic powerhouse Ethiopia swore in a new prime minister this week, tasked with calming civil unrest.

  • ADDIS ABABA, March 20- The World Bank agreed a $600 million loan and grant to Ethiopia on Tuesday to fund roads and other infrastructure projects in urban areas. Under a 2015-2020 development plan, Ethiopia plans to set up less than 10,000 "rural development centres" in a bid to ease the influx of people to its capital Addis Ababa. Earlier this month, the World Bank...