Via Foreign Policy, a report on how Ethiopian Prime Minister Abiy Ahmed’s aesthetic vision alone will not create jobs: Addis Ababa’s main avenues are getting a facelift. The Ethiopian capital is adding maroon bike lanes, tree-lined verges, and new storefronts in regulation gray to its biggest streets. Prime Minister Abiy Ahmed has said that he […]
Read more »Via CNN, a report on the $1 billion ‘electricity highway’ comprising 650 miles of transmission lines that allow electricity to flow between Ethiopia and Kenya: Ethiopia and Kenya both embrace renewables for their electricity production. Ethiopia produces all the power for its national grid from renewable sources, and is home to the Grand Ethiopian Renaissance Dam, the […]
Read more »Via The Africa Report, an article on the Turkiye brokered deal between Ethiopia and Somalia: Turkish leader Recep Tayyip Erdogan says a joint declaration between Ethiopia and Somalia ‘focuses on the future, not the past’, describing it as the first step towards a new beginning based on peace and cooperation between the neighbours. In a […]
Read more »Via The Africa Report, an article on how Ethiopia’s state utility has generated $55m in less than a year from power-purchase agreements with bitcoin miners – money it intends to use to develop the grid: Ethiopia Electric Power (EEP), the country’s state-owned utility, has signed-power purchase agreements with 25 bitcoin mining companies, attracted by Ethiopia’s affordable […]
Read more »Via The Economist, a look at Africa where several fast-growing economies show that not everyone is having a lost decade: To walk around Luanda, Angola’s capital, is to tour a graveyard of another era. Half-finished or empty skyscrapers loom over the sun-kissed corniche. Some of the bars along the beach are gaudy monuments to when the […]
Read more »Via Bloomberg, an article on Ethiopia’s plans for the nation’s first IPO: Ethiopia is seeking to raise 30 billion birr ($255 million) selling shares in a state-run wireless company, making it the nation’s first initial public offering, and paving the way to start a stock exchange. Ethiopia Investment Holdings, which controls 27 state-run companies, will […]
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