Source: Fana Broadcasting Corporation
The Development Bank of Ethiopia (DBE) said it has sold Grand Ethiopian Renaissance Dam (GERD) bonds worth $6.4 million in the…
All posts in Economy
Ethiopian State of Emergency Restricts Movement, Bans Opposition News Site and Public Gatherings
Ethiopian authorities have announced a set of rules as part of the ongoing state of emergency in the country, which was declared last week in…
Oromo Anti-Government Protesters Attack and Destroy Aliko Dangote’s Cement Factory in Ethiopia
Anti-government protesters in Ethiopia’s Oromia region have attacked a cement factory belonging to Nigeria’s Aliko Dangote, the richest man in Africa.
The demonstrators were protesting…
Ethiopia to Raise $58 Million for the Construction of the Ethiopian Grand Renaissance Dam
Ethiopian authorities have announced plans to raise 1.8 billion Birr (about $58 million) for the construction of the Ethiopian Grand Renaissance Dam (GERD).
The Office…
Cashier Robs $530,000 from Somalia’s Central Bank and Flees
Somali authorities on Thursday announced that about $530,000 has been stolen from the country’s central bank. The government confirmed reports of the theft via Twitter.…
Ethiopia Installs Two Turbines in 50 Percent Complete Grand Renaissance Dam
Ethiopian officials announced on Tuesday that two turbines have been installed at the Grand Renaissance Dam (GERD). The turbines would allow the dam to generate…
Winning Numbers of Ethiopian Grand Renaissance Dam Lottery Announced in Addis Ababa
Ethiopian officials have announced the winners of the Grand Renaissance Dam Lottery, which was created to allow Ethiopian nationals to contribute to the construction of…
Eritreans in Europe Protest in Support of UN Report Accusing Eritrean Leaders of Committing Crimes Against Humanity
Eritreans in Europe have gathered in Switzerland to protest in support a new United Nations Commission of Inquiry (COI) report that accuses Asmara of committing…
14 Charged With Defrauding Ethiopian Shipping Lines & Logistics Services Enterprise of 19 Million Birr
A former employee of the Ethiopian Shipping Lines & Logistics Services Enterprise (ESLSE) has been charged with masterminding a scheme to defraud the company of…
Congo Border Guards Intercept Zambian Truck Smuggling 95 Ethiopians, Find 19 Dead of Suffocation
Authorities in Congo have discovered the bodies of 19 Ethiopian migrants who died of suffocation in the back of a Zambian registered truck used for…
Kenyan Politicians Exchange Punches During Inquiry Into Misappropriation of Funds
The Governor and the Senator of Kenya’s capital, Nairobi, engaged in a fist fight after a heated argument during a Senate Public Accounts Committee session…
Eritrean Refugee Wrongly Arrested and Extradited to Europe on Mass Human Trafficking Charges
Police in Britain and Italy are currently investigating the possibility that a suspected Eritrean human smuggler, who was extradited to Europe this week from Sudan,…
Uber Launches Operations in Uganda’s Erratic Transport Market
Uber has launched its online transport network service in Uganda following its success in other African countries.
Kampala is the 10th city in Africa where…
Eritrea Blames International Conspiracy for Mass Migration of Citizens
Eritrea’s government has blamed the mass migration of its citizens on a politically-sponsored conspiracy designed to destabilize and isolate the country by tarnishing its image.…
Ethiopian Maid Sues Former U.S. Diplomat for Sexual Abuse and Human Trafficking
An Ethiopian woman in Washington, D.C. is suing a former U.S. diplomat and her late husband’s estate for sexual abuses suffered while she worked for…
Eritreans, Ethiopian and Sudanese Among 28 Illegal Immigrants Arrested Hiding in Refrigerated Truck in Britain
Officials in Britain have arrested 28 illegal African immigrants who were found hiding in the back of a refrigerated lorry.
Police reportedly discovered the truck…
Eritrea Celebrates 25th Independence Anniversary Amid Immigration Crisis
Eritreans across the globe are celebrating 25 years since their country attained independence. Thousands in the diaspora are expected to travel to Asmara for the…
9 Filipino Fishermen Caught Fishing in Eritrean Waters Released After 9 Months in Detention
Eritrea has released nine Filipino fishermen who were arrested in February for illegally fishing in the waters of the East African country.
The Filipino fishermen…
Kuwait Seeks to Ban Ethiopian Maids in 2 Years After Report of Premeditated Murders Targeting Employers
Kuwaiti officials are pursuing a proposal for the government not to renew the work and residence permits of all Ethiopian maids as a short-term approach…
Climate Change and Aggressive Farming Could Cripple Ethiopia’s Coffee Production by 2100, Study Warns
A new study has revealed that climate change and aggressive farming may make growing coffee impossible by the end of the century.
The study, complied…
Ethiopia Hosts Another Tripartite Meeting Over Grand Renaissance Dam
Ethiopia hosted another tripartite meeting over the technical studies of the Grand Ethiopian Renaissance Dam (GERD) in Addis Ababa this week.
The irrigation and foreign…
Ethiopia’s Historical Consumption of Coffee Threatened by Export Ambitions
Ethiopian coffee farmers are in a tug-of-war with the government over the amount and quality of coffee beans to be exported and consumed locally.
The…
Ethiopian Man Shot Dead While Asleep in His Kentucky Home
An Ethiopian man in his 30s has been found dead from gunshot wounds in his Chickasaw, West Louisville home on Tuesday morning following an overnight…
Italian Financial Firm to Fund Construction of 2,000 MW Dam in Ethiopia
Ethiopia has announced the construction of a 2,000 MW capacity dam, which would be funded by an Italian credit firm.
Ethiopia’s Prime Minister Hailemariam Desalegn…
Egypt Questions Ethiopia Over Construction of New 2000 MW Dam
Egypt has questions for Ethiopia regarding the construction of a new 2,000-megawatt dam which was announced by Prime Minister Hailemariam Desalegn during a speech in…
Ethiopian Airlines Nose Gear Collapse Accident Caused by Human Error: Investigations Reveals
An investigation to discover why the nose gear of an Ethiopian Airlines Boeing 787-800 aircraft collapsed before takeoff last week, has revealed that the accident…
Ethiopian Maid Suspected of Killing Sleeping Kuwaiti Woman Dies in Police Car After Interrogation
An Ethiopian maid, who was facing manslaughter charges in Kuwait for killing the daughter of her sponsor while the victim was asleep, died on Friday,…
Eritrea to Maintain Controversial Conscription Policy Despite Mass Migration of Citizens
Eritrea has reiterated its commitment to maintaining its controversial conscription policy, which analysts say is one of the main reasons why Eritreans make up a…
Leaders of Ethiopia, Egypt and Sudan Sign Cooperation Agreement During Meeting on Renaissance Dam
The Presidents of Egypt, Ethiopia and Sudan agreed to join forces on Saturday after a meeting regarding updates on the construction of the Ethiopia Grand…
Ethiopian Maid Attempts Suicide After Killing Sleeping Kuwaiti Woman
An Ethiopian maid is facing manslaughter charges in Kuwait for allegedly killing the daughter of her sponsor by slitting her throat while the victim was…
Ethiopia Airlines to Resume Addis Ababa-New York Flight After 12-Year Hiatus
Ethiopian Airlines has announced plans of resuming its operations in New York’s John F. Kennedy International Airport after a 12-year hiatus.
The multi-award winning airliner…
UN Seeks $50 Million to Combat Effects of Worsening Ethiopian Drought
The ongoing El-Niño induced drought — the worst Ethiopia has experienced in three decades — is worsening and has left about 400,000 children suffering from…
Viral Amateur Video Shows Plight of Ethiopian Women in Kuwaiti Prison
An amateur video showing the plight of a group of Ethiopian women in a Kuwaiti prison has gone viral, leading to calls for their release.…
Ethiopian Woman Beats Kuwaiti Man who Offered Her Money for Sex
Police in Kuwait have arrested a 22-year-old man who was beaten by an Ethiopian woman after he offered her money for sex.
According to Kuwait…
Ethiopia Struggles with Frequent Power Cuts After Failed Rains
Ethiopia is experiencing power cuts and this may become a frequent phenomenon as low rainfall has left dams with depleting water levels.
This week, there…
African Union to Implement Single African Passport by 2020
The African Union (AU) has reiterated its plan of creating a single passport to ease the movement of people and goods across the continent.
AU…
Ethiopians to Use One ATM Card Across all Banks
The National Bank of Ethiopia (NBE) has announced that by the end of this fiscal year, Ethiopians would be able to use one ATM and…
11 Western Nations Pledge to Help Kenya Fight Widespread Corruption That is Crippling Economy
Eleven European Union (EU) diplomats including representatives of Britain, the United States and Japan warned on Thursday that widespread corruption is destroying Kenya’s economic growth…
Kenyan Military Denies Financing al-Shabab through Sugar and Charcoal Smuggling
The Kenyan military has allegedly been smuggling sugar and charcoal from Somalia since 2011 when it invaded the war-thorn country to fight militant Islamist group,…
Emperor Haile Selassie’s 18k Gold Wristwatch Auction Suspended as Family Disputes Ownership
A Swizz judge has suspended the auction of an 18 karat gold wristwatch which allegedly belonged to Ethiopia’s last Emperor Haile Selassie. The judge made…
6 Ethiopians Burned to Death in Latest South Africa Xenophobic Attacks
In a new spate of violent xenophobic attacks to hit South Africa, six Ethiopian nationals have been killed this past week in separate incidents.
On…
Ethiopia Faces Hunger Crisis as El Nino-Inspired Drought Affects Millions
Ethiopia’s agriculture-dependent rural population has been affected by severe weather patterns. This year, the worst drought in a decade is expected to hit a large…
Ethiopia eager to host Africa’s foremost football tournament
Ethiopian Prime Minister Hailemariam Desalegn has expressed optimism about the country’s chances of winning the bid to host the 2017 Africa Cup of Nations (AFCON).…
President Uhuru signs Finance Bill and Victim Protection Act 2014 into law
By PSCU/O’brien Kimani
NAIROBI (KBC) – President Uhuru Kenyatta has signed into law the Finance Bill 2014 introducing sweeping changes to the administration of taxes…
Rwanda commissions East Africa’s largest solar plant
KIGALI – The Rwandan government has commissioned the country’s first utility scale solar plant, which is also the biggest in the region.
The solar photovoltaic…
East African currencies continue to struggle against the US Dollar
(The East African) – East African economies are feeling the pinch of inflation as their currencies continues to weaken against the dollar.
By Allan Olingo…
AU holds emergency meeting on Ebola in Addis Ababa
Standard Digital-(Addis Ababa)-African Union chiefs held an emergency meeting Monday to hammer out a continent-wide strategy to deal with the Ebola epidemic, which has killed…
Kenya secures $113m to build 1,550km road connecting Burundi
By Christabel Ligami and Adam Ihucha
Kenya has secured $113 million from the African Development Bank for the construction of a transit route from the…