*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.
*M-Pesa could transform Ethiopia's economy. ADDIS ABABA/ NAIROBI, July 17- Kenya's Safaricom is in advanced talks with the Ethiopian government to introduce its popular M-Pesa mobile money service, a major step towards establishing a toe-hold in the market of 100 million people, two sources said on Tuesday. M-Pesa could transform Ethiopia's economy, as it has...
On eve of Russia summit, Trump calls European Union' a foe'. President Donald Trump rattled allies once more by labeling the European Union a foe with regard to trade. GAZA- A ceasefire largely held on Sunday along a tense Gaza- Israel border on Sunday following a day of fierce fighting, but Israel remained on high alert and boosted its air defenses in case hostilities...
Gaza ceasefire largely holding after day-long flareup. GAZA- A ceasefire between Israel and Gaza militant groups appeared to be holding on Sunday, ending the most intensive flare-up in violence around the Palestinian enclave since a 2014 war. -When Yolany Padilla was released from immigration custody in Seattle last week, she assumed she would be quickly...
Palestinian teenager killed in Israel- Gaza border protests. GAZA- Israeli troops shot dead a Palestinian teenager during protests along the Gaza border on Friday, Gaza medical officials said, and an Israeli soldier was wounded during the demonstrations that had turned violent, the military said. QUETTA, Pakistan- A suicide bomber killed 128 people at an...
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.
*More needed to attract investment, PM says. ADDIS ABABA, July 6- Ethiopia must work harder to attract foreign investment and boost international trade, Prime Minister Abiy Ahmed said on Friday as he pushes a fundamental overhaul of how the nation is run. Abiy has launched peace talks with neighbour and sworn enemy Eritrea, lifted a state of emergency and promised...
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.
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...
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