LEKU, Ethiopia/ LONDON, Jan 14- In the verdant southern highlands of Ethiopia, coffee farmer Gafeto Gardo is thinking about calling time on an industry that has sustained families for generations. Over the past year, the amount Gafeto gets for a kilogram of coffee beans has fallen a third to 8 birr, or just 29 cents, reducing his income from a cappuccino sold in the West...
*India asks Ethiopia to help IL&FS employees held hostage. NEW DELHI, Dec 1- Employees of Indian company Infrastructure Leasing& Financial Services taken hostage by local staff in Ethiopia say they fear for their safety, with some confined to a company campus north of the capital Addis Ababa. A group of four employees had not been allowed to leave an IL&FS campus in...
*India asks Ethiopia to help IL&FS employees held hostage. *India took control of IL&FS in October after debt default. NEW DELHI, Dec 1- Employees of Indian company Infrastructure Leasing& Financial Services taken hostage by local staff in Ethiopia fear for their safety, with some being confined to a company campus north of the African nation's capital Addis...
*Ethiopian creating hubs in Chad, Malawi and Togo. *Airline is biggest in Africa by fleet size. NAIROBI/ ADDIS ABABA, Nov 23- Ethiopian Airlines is accelerating its strategy of weaving a patchwork of new African routes to soak up traffic on the continent and fly customers towards its more lucrative flights to rapidly expanding Asian markets.
*Rapprochement lifts interest in Eritrea, Ethiopia. LONDON, Sept 7- Fertilizer miner Danakali aims to raise $322 million this year to develop giant potash reserves in Eritrea, industry sources say, banking on Asmara's warmer ties with Ethiopia to help lure investors. Danakali, which has worked in Eritrea since 2009, finalized a deal to sell its potash and also...
ADDIS ABABA, Sept 6- China has agreed to restructure some of Ethiopia's debt, including a loan for a $4 billion railway linking its capital Addis Ababa with neighbouring Djibouti, Ethiopia's Prime Minister Abiy Ahmed said on Thursday. Landlocked Ethiopia and the Red Sea state inaugurated the railway in January, with 70 percent of the total cost covered through a...
"Resources for our cooperation are not to be spent on any vanity projects, but in places where they count the most," Chinese President Xi Jinping said on Monday.
ADDIS ABABA, Aug 31- Ethiopian Airlines and the government of Chad have signed an agreement to launch Chad's new national carrier on Oct. 1, officials said on Friday. The airline is ranked by the International Air Transport Association as the largest carrier in Africa by revenue and profit, outpacing regional competitors Kenya Airways and South African Airways.
ADDIS ABABA, Aug 10- Ethiopian Airlines' net profit in the 2017/ 18 financial year rose to $233 million from $229 million the previous year, the state owned carrier's chief executive said on Friday.
*Ethiopia, Eritrea ended 20- year state of war last month. NAIROBI, Aug 10- The United Arab Emirates plans to build an oil pipeline connecting Eritrea and Ethiopia, the latest sign of the Gulf state's increasing involvement in the Horn of Africa. The UAE played a behind-the-scenes role in helping Ethiopia and Eritrea end a two-decade state of war last month, Reuters...
ADDIS ABABA, July 25- South Sudan has called off talks with French oil major Total about developing two oil blocks, the petroleum ministry said on Wednesday, paving the way for other investors keen on exploring the vast area thought to be rich in hydrocarbons. "The Ministry of Petroleum regrets that negotiations with Total have concluded in no deal," Petroleum...
ADDIS ABABA, July 25- South Sudan has called off talks with French oil major Total about developing two oil blocks, the petroleum ministry said on Wednesday, paving the way for other investors keen on exploring the vast area thought to be rich in hydrocarbons. "The Ministry of Petroleum regrets that negotiations with Total have concluded in no deal," Petroleum...
*Ethiopia's economy has faced crippling forex shortage. ADDIS ABABA, July 20- A "hard currency amnesty" and reform-driven confidence in Ethiopia's economy, both at home and abroad, have helped close a once yawning gap between the official and black market exchange rates for its birr currency. Businesses and analysts in the capital Addis Ababa told Reuters on...
*Ethiopia's economy has faced crippling forex shortage. ADDIS ABABA, July 20- A "hard currency amnesty" and reform-driven confidence in Ethiopia's economy, both at home and abroad, have helped close a once yawning gap between the official and black market exchange rates for its birr currency. Businesses and analysts in the capital Addis Ababa told Reuters on...
Flag carrier Ethiopian Airlines is to resume flights to the reclusive East African state of Eritrea on Wednesday, marking the end of a 20-year hiatus.
The leaders of Ethiopia and Eritrea declared the end of a two decades-long war Monday, and announced a raft of agreements which could boost economic growth in the East Africa region.
Eritrea is sending a delegation to Addis Ababa to understand the position of new Ethiopian Prime Minister Abiy Ahmed.
The sum is part of a $3 billion aid and investment pledge from the UAE to Ethiopia announced Friday.
The East African growth hub lifted its state of emergency two months early on Tuesday.
It would be the most significant change so far under the country's young new prime minister.
Data also provided by 
