Via The Guardian, a report on how western demand for the ancient fragrance is driving a lucrative race for the resin from Ethiopia’s trees but leaving little of the trade’s profit for those gathering it: In a busy corner of London, well-heeled shoppers and tourists browse a constellation of stores selling bottles and jars of […]
Read more »Via The Africa Report, an article on Ethiopia’s plans to launch the country’s first stock market since the 1970s in mid November: Ethiopia is on track to launch the country’s first stock market since the 1970s around the middle of November, says Hana Tehelku, the new head of the Ethiopian Capital Market Authority (ECMA). Final […]
Read more »Via The Africa Report, a report on Ethiopia’s Grand Renaissance Dam which promises economic transformation but – as the country targets universal electrification by 2030 – challenges remain, including regional instability and huge infrastructure needs: Work started on the Grand Ethiopian Renaissance Dam (GERD) in 2011. In contrast to most infrastructure projects on the continent, […]
Read more »Ethiopia’s enduring love for the Volkswagen beetle is unrivaled. The classic vehicle arrived in Ethiopia during the reign of Haile Selassie. As reported in The Guardian, it remains popular in part because of Ethiopia’s distorted car market, where import duties of up to 200% mean secondhand vehicles are wildly expensive: When Yared Agonafer, an Ethiopian […]
Read more »Via Kenyan Wall Street, a report that Djibouti plans to offer Ethiopia an exclusive port space: In a move that might ease simmering tensions in the Horn of Africa, Djibouti has disclosed that it is planning to offer Ethiopia “100% access” to the Tadjoura port. The access would see Ethiopia directly manage the port, Djibouti’s […]
Read more »Via the Addis Standard, commentary on the potential for an Egypt-led alliance stand in Ethiopia’s way of securing access to the sea: For scholars in the field of political science and international relations, the international realm is basically the realm of balance of power, where states continuously struggle for much power and sustainable peace. The […]
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