Ethiopian News

  • Two Former High Ranking Intelligence Officers Arrested

    Ethiopian-Attorney-GeneralDecember 9, 2018 - The Federal Attorney General of Ethiopia announced that it has arrested two former high-ranking intelligence officers over allegations of human rights abuses.

    The arrested individuals were identified as Measho Kidane and Hadush Kassa. The circumstances under which they were arrested was not disclosed.

    The Ethiopian government led by Prime Minister Abiy Ahmed started a major crackdown on suspects alleged of corruption and abuse of power a few weeks ago.

    More than sixty former officials have so far been arrested on charges of corruption and Abuse of power.

    Most of those in custody for corruption are from the state-owned Metals and Engineering Corporation (METEC), including former director, Major General Kinfe Dagnew.

    A number of former officials from the National Intelligen

  • Sudan, Djibouti, Ethiopia Leaders Inaugurate Industry Park in Jimma

    Sudan-Djibouti-Leaders-in-EthiopiaDecember 8, 2018 - President Omar al-Bashir of Sudan and President Ismail Omar of Djibouti visited Ethiopia yesterday.

    The leaders were in Ethiopia at the invitation of Ethiopian Prime Minister Abiy Ahmed to inaugurate the newly built industry park in Jimma in Oromia region of Ethiopia.

    The park, which is dedicated to textile and garment production, was built on 1.5 million square meters of land at a cost of 61 million US dollars, it was disclosed.

    The three leaders also launched the construction of the 79 km Jimma–Agaro-Dedesa road project, which will be built at a cost of 1.37 billion birr.

    Nothing is known where the three leaders had other agenda items for their meeting in Jimma.

    Ethiopia has been on construction spree of industrial parks over the last few years. The c

  • EU, Ethiopian Airlines to Start MBA Program in Addis Ababa

    EU-Ethiopian-MBA-ProgramDecember 06, 2018 - The European Union (EU) and Ethiopian Airlines just announced that they will start an MBA program in Addis Ababa. Ethiopian Airlines will deliver the MBA program at the Ethiopian Aviation Academy in the capital, Addis Ababa, with financing from the EU. Below is the full press release Ezega.com received from Ethiopian Airlines.

    Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX Certified Four Star Global Airline, and European Union Delegation to Ethiopia signed a letter of intent to establish Ethio-European International Business School (EEIBS). The letter was signed by H.E. Ambassador Johan Borgstam, Head of the European Union Delegation to Ethiopia and Mr. Tewolde GebreMariam, Group CEO of Ethiopian Airlines on December 04, 2018 at the Airline’s Headquarters.

    Ethiopian will host

  • Ethiopia to Establish Customs Police to Fight Contraband

    Adanech-Abebe-customs-ministerDecember 5, 2018 - Ethiopia announced that it will establish customs police to fight contraband trade, according to Ethiopian News Agency.

    The Council of Ministers recently approved a proclamation for the establishment of the customs police as part of the fight against illegal trade that has beenflourishing over the years.

    The new customs police will operate under the Federal Police of Ethiopia.

    Ethiopian Minister of Revenues, Adanech Abebe, said the new police force will specifically work to control contraband trade, which is significantly affecting the country’s economy and a threat to the country.

    Contraband trade in Ethiopia accounts for major part of import-export trade, depriving the country billions in lost tax revenue.

    In addition to usual consumer commodities, the cou

  • Ethiopia Celebrates International Day of Persons with Disabilities

    Dr-Ergoge-Tesfaye-EthiopiaDecember 3, 2018 - Ethiopia celebrated International Day of Persons with Disabilities (IDPD) for the 26th time today in Hawassa city, the capital of Souther Ethiopia regional state, according to ENA report.

    Speaking at the event, Dr. Ergoge Tesfaye, Minister of Labor and Social Affairs said it is the responsibility of all Ethiopians to ensure the benefits of individuals with disabilities are protected by designing strategies that are inclusive of persons with disabilities.

    According Dr. Ergoge Tesfaye, the government has planned to manufacture wheelchairs locally.

    Chief Administrator of the SNNP regional state, Million Mathios, for his part said efforts are underway to help individuals with disabilities.

    The International Day of Persons with Disabilities (IDPD) is an international observance day prom

  • ODP, OLF Issue Strong Warning Against Attacks from Benishangul-Gumuz

    Clashes-in-Benishangul-EthiopiaDecember 1, 2018 - The leaders of the Oromo Democratic Party (ODP) and the Oromo Liberation Front (OLF) issued strong warnings to what they called anti-reform elements in Benishangul-Gumuz region of western Ethiopia.

    The central committee of the ODO, in a meeting held on November 29, 2018, issued a strong statement regarding the recent clashes and conflicts across Oromia.

    The ODP statement said: “Forces whose interests were compromised because of the current changes and reforms are tirelessly working to destabilize Oromia Region.” “Their wishes of making Oromia a battle ground will soon be buried,” said the statement, according to the Ethiopian Reporter.  

    The OLF on its part criticized the Ethiopian central government as well as the regional Oromia government for not doing

  • PM Abiy Ahmed Appoints State Ministers, Senior Officials

    PM-appints-officialsNovember 27, 2018 - Ethiopian Prime Minister Dr Abiy Ahmed today appointed seventeen senior officials to various positions, including state ministers and heads of organizations and agencies.

    According the FBC report, here are the seventeen officials appointed by the prime minister and their positions.

    1. Dr Ambachew Mekonnen- Infrastructure and Urban Development Advisor Minister to the Prime Minister

    2. Gebregziabher Araya – Deputy Government Whip with the rank of State Minister

    3. Chane Shimeka – Deputy Government Whip with the rank of State Minister

    4. Chala Lemi – Deputy Government Whip with the rank of State Minister

    5. Tesfahun Gobezai – National Security Advisor to the Prime Minister with the rank of State Minister

    6. Bir.Gen Ahme

  • Fundamental Reform Necessary for Genuine Democracy - PM

    Fundametal-reform-necessaryNovember 25, 2018 - In political conference held today, Ethiopian Prime Minister Abiy Ahmed said fundamental reform is necessary to realize genuine democracy in Ethiopia.

    Opening a two-day political reform conference today, the premier said a profound reform is necessary for Ethiopia rather than revolution which, according to him, has brought nothing to Ethiopia.

    "Ethiopia has gone through revolutions, but that contributed nothing, except polarizing the politics of the country and causing bloodshed," he said.

    According to the Prime Minister, hatred, conspiracy and killing have been the manifestations of Ethiopian politics which negatively affected the country tremendously.

    Further, the Prime Minister said, all should reprect elections; and all should celebrate and respect the winnders an

  • Three Students Dead in Renewed Violence at Assosa University

    Assosa-University-EthiopiaNovember 23, 2018 - Three students are reportedly dead in Assosa University in Benishangul-Gumuz region in Western Ethiopia in what appears to be ethnic motivated clashes.

    Hirut Woldemariam, the Minister of Science and Higher Education, told local journalists that a clash between two students turned into a bigger, deadly clash in which three students died.

    The violence was controlled initially but was later renewed, according to Dr. Hirut Woldemariam.

    Thirty-four others were wounded, according the Minister, as reported by Fana Broadcasting Corporation.

    Dr. Hirut said her Ministry of Education will work to identify the individuals that incited the deadly violence.

    The Minister blamed deadly violence on elements bent on reversing the ongoing political reforms in the country.

    She als

  • The Leading Democracies in Africa

    Democracies-in-AfricaDecember 9, 2018 (Ezega.com) - Recent years have proved too confusing for African democracies. There have been coup attempts that didn’t look like coups, and there have been elections that weren’t elections. Africa has witnessed years of political illusions.

    From 2015, there has been a retrogressive trend that continues to threaten Africa’s democratic space, with a few exceptions, of course. 2017 proved to us that democracy in Africa is backsliding, where some powerful presidents in the continent decided to neglect the will of the people, by seeking an extension of their terms in office, beyond what the constitution prescribes.

    Notwithstanding the recent slide, there are countries that are still marching forward with functional democracies. Elections are held where the majority votes, and where the courts arbitr

  • Mekelle City Holds Massive Rally Protesting Ethnic-Based Campaign

    Mekelle-city-holds-rallyDecember 9, 2018 - Residents of Mekelle city, the capital of Tigray region in nothern Ethiopia, held huge rally, protesting what they called ethnic profiling that targets mainly Tigrayansin the ongoing crackdown on corruption and abuse of power.

    Two weeks ago, on November 25, huge rallies were held in various towns in Tigray, including in Adwa, Axum, Korem, Abiy Adi, Setit Humera, Alamata, Addisu and Moheni towns.

    The demonstrators demanded justice for all. The were carrying flags of Ethiopia, Tigray and the TPLF (Tigrayan Poeple's Liberation Front), as well as pictures of former leader Meles Zenawi.

    Dr. Debretison Gebremichael, the chairman of TPLF and president of the regional state, addressed the crowd gathered at Mekelle Stadium. In the past, Debretsion has strongly criticized some practices of the EPRDF

  • Addis Ababa City to Get Major Facelift

    Addis-Ababa-to-Get-FaceliftDecember 8, 2018 - Addis Ababa City is set to get a major facelift with a project that extends from Entoto to Yeka Abado, according to the Ethiopian Reporter.

    The project is said to include facilities especially meant to target tourists coming to visit Addis Ababa.

    According the plan will include cable cars from Sululta, Botanic Garden to Yeka Abado, river and wetland preservations, museums and parks.

    The city will start implementing the project assoon as the design is completed

    Those who have been briefed about the plan, including Prime Minister Abiy Ahmed, say the project will give the city a major facelift to a city.

    “It is a huge project; this is what I can say at this stage of the project,” a source said, adding that modernizing Addis Ababa has been at the core of PM Abiy&rsquo

  • Oromia Political Parties to Establish Joint Forum

    Oromia-parties-form-a-forumDecember 6, 2018 - Oromia-based political parties have agreed to establish a joint forum to resolve differences and work for a common goal, according to FBC report.

    In all, fourteen Oromia-based political parties were part of the consulations and members of the new forum.

    The news was disclosed by leaders of Oromo Democratic Party ODP), Oromo Federalist Party (OFC), and Oromo Liberation Front (OLF).

    Deputy Chairman of ODP and Chief of Oromia regional state, Lemma Megersa, said the regional state is working to ensure the rule of law and protection of its residents.

    Lemma Megerssa called on the Oromia people to stand united against what he called "force that are striving to make Oromia regional state a conflict zone."

    "The unity between political parties is the only possible

  • Ethiopian Federal Police Arrests Five Senior Officials from Benishangul-Gumuz Region

    Benishangul-gumuz-officials-arrestedDecember 5, 2018 - Ethiopian Federal Police has arrested five senior officials of Benishangul Gumuz regional state of Ethiopia, according to FBC news report.

    The detained officials include the deputy head of Benishangul-Gumuz regional state administration and security bureau and former mayor of Assosa town.

    The detained officials were suspected of instigating conflict that occurred in Assosa town in June this year, as well as the recent clashes along the borders of the state with Oromia regional state.

    The Ethiopian Federal Police also it plans to arrest more suspects in the region.

    There have been frequent clashes at the border of Benishangul-Gumuz and Oromia regional states, between the Kamashi people living across the border from Oromia and ethnic Oromos and A

  • African Union Observes Palestinian Day in Addis Ababa

    AU-Palestinian-DayDecember 3, 2018 - The African Union (AU) and diplomatic communities based in Addis Ababa observed the International Day of Solidarity with Palestinian People at the Economic Commission Africa Hall on November 30, 2018, according to the Ethiopian News Agency.

    The African Union announced it is committed to support all efforts in achieving a lasting solution to the Palestine-Israel conflict.

    African Union Commission Deputy Chairperson Kwesi Quartey said AU supports all efforts to achieve solution to the Palestine and Israel conflict based on international law and legitimacy.

    The AU Commission will tirelessly continue to work with the international community to ensure the establishment of an independent state of Palestine with borders and capital city, he added.

    He also called on international communities an

  • Gender Equality in Ethiopia: Good Beginning, but Much Remains

    By Staff Writer

    Gender-Equality-EthiopiaDecember 3, 2018 (Ezega.com) – In Africa, gender equality has always been elusive. Women still play minor roles in all the major sectors of the economy and politics. However, it seems there is a new wave that is sweeping across Africa. A change is coming, and Ethiopia appears to be determined to be at the forefront of this transformation.

    According to data from the United Nations, Ethiopia has always performed poorly when we look at its gender equality performance indicators. While there has been tremendous progress made in the Millennium development goals (MDGs), the country still lags behind in the scope of gender disparities.

    Women and girls in Ethiopia are disadvantaged compared to their male counterparts in various areas like education, health, livelihoods, human rights, and leadership

  • US Envoy Calls for Improved Business Climate in Ethiopia

    Tibor-Nagy-Visit-EthiopiaNovember 30, 2018 - Assistant Secretary of State for African Affairs of the US government, Tibor Nagy, has been visiting Ethiopia this week. In message to senior officials, Mr. Nagy called on Ethiopia to improve its business climate so it can attract US businesses.

    He met with several high ranking Ethiopian officials, including the Minister of Foreign Affairs, Dr. Workneh Gebeyehu, and Minister of Finance Ahmed Shide with whom he discussed U.S. government support for Ethiopia’s long-term economic growth.

    Tibor Nagy expressed the United States’ commitment to partner with Ethiopia to promote a business and investment climate that encourages innovation and job creation and increased trade. He added, the US wants to leverage “the strength of the U.S. private sector investment to support Ethiopia.”

  • Two Oromo Political Organizations, ODP and ODF, Agree to Merge

    Lencho-Leta-Lemma-MegerssaNovember 28, 2018 (Ezega.com) - The Oromo Democratic Party (ODP) and the Oromo Democratic Front (ODF) have agreed to merge and become one party, according to FBC report.

    The two Oromo political organizations signed the merger deal in Addis Ababa today.

    Lemma Megersa, the Deputy Chairperson of ODP and chief administrator of Oromia regional state, and Lencho Leta, chairman of ODF signed the Memorandum of Understanding.

    According to ODP spokesperson, Addisu Arega, the two organizations do not have much differences in strategy and programs and the unification will allow the two organizations to work together.

    Technical committee will be established to work out details of the merger between the two organizations soon, he said.

  • Ethiopian Prime Minister Opens Conference with Opposition Parties

    Ethiopian-Opposition-Parties-ConferenceNovember 27, 2018 (Ezega.com) - Ethiopian Prime Minister Abiy Ahmed opened a conference with opposition parties in the capital Addis Ababa today.

    Besides representatives from the ruling party, EPRDF (Ethiopian Peoples Revolutionary Democratic Front), leaders from some 81 opposition parties are in attendance, according to Ethiopian News Agency. Included were leaders of opposition parties registered in Ethiopia as well as parties that have returned from exile recently.

    The conference is being held at the Prime Minister’s office at Arat Kilo, Addis Ababa.

    The main thrust of the conference is believed to be about the ongoing reforms and on ways to make the upcoming elections free and fair for all.

    The Ethiopian Prime Minisiter said today marks the beginning of discussions

  • Tigray Residents Rally in Various Cities Demanding Justice

    Tigray-Rally-Nov252018November 25, 2018 - Residents of various Tigray cities held demonstrations today, demanding justice for all, according to ETV video footage.

    According to the report, thousands of people rallied in south, west and central zones of Tigray regional state of Ethiopia.

    Demonstrations were reported in Adwa, Axum, Korem, Abiy Adi, Setit Humera, Alamata, Addisu and Moheni towns.

    The demonstrators demanded justice for all. The were carrying flags of Ethiopia, Tigray and the TPLF (Tigrayan Poeple's Liberation Front), as well as pictures of former leader Meles Zenawi.

    They chanted "suspects must be judged in a court of law and not by others," and "the people of Ethiopia should struggle for peace and justice for all Ethiopians."

    The zone administrator of southern Tigray, Redae Ha

  • Dr. Abiy Ahmed to Meet Ethiopian Opposition Leaders

    Prime-Minister-Abiy-Ahmed-meeting-oppositionNovember 23, 2018 - Ethiopian Prime Minister Abiy Ahmed is expected to hold discussions with leaders of opposition parties on Tuesday, November 27, 2018, according to ENA news.

    According to the statement, the Ethiopian Prime Minister will discuss Ethiopia’s ongoing democratization process as well as electoral reforms required to ensure that the next elections are free and fair.

    Leaders of all opposition parties have been invited to the meeting, incluidng those that have returned back to the country at the invitation the Prime Minister, according to Office of the Prime Minister.

    The meeting will be held at the office of the Prime Minister’s conference hall.

    Dr. Abiy Ahmed has initiated a lot of reforms since he was elected Prime Minister of Ethiopia more than seven months

  • Ethiopia Appoints Birtukan Mideksa as Chair of Election Board

    Birtukan-MIdeksa-Election-Board-ChairNovember 22, 2018 - The Ethiopian government appointed Birtukan Mideksa as the new chairperson of the National Electoral Board (NEBE).

    Birtukan Mideksa is a well-known politician and former judge who also founded and led an opposition party, the Unity for Democracy and Justice (UDJ) party from 2008–2010.

    Nominated by Prime Minister Abiy Ahmed, Birtukan replaces Ambassador Samia Zekaria, who was chairperson of NEBE since last year.

    The House of Peoples` Representatives overwhelmingly approved her appointment with 4 members against and 3 abstentions.

    The National Electoral Board is accountable to the House of Peoples Representatives and is, at least on paper, an independent and autonomous organ.

    The Broad has nine members who are nominated by the Prime Minister and appoi

  • African Development Fund Approves US$123 Million Grant to Ethiopia

    African-Development-Bank-Ehiopia-grantNovember 21, 2018 - The African Development Fund (ADF) approved US$123 million grant to Ethiopia as additional resources to Ethiopia’s Basic Services Transformation Programme, according a statement posted on ADF website on Monday this week.

    The current grant is a continuation of the original support programme that was approved for Ethiopia in December 2015.

    The loan was meant to support Ethiopia the its Growth and Transformation Plan II (GTP II), particularly in healthcare, education and water and sanitation areas.

    In the statement, ADF says, "The Basic Services Transformation Programme Supplementary Financing (BSTP-SF) will be for the fiscal years 2018/19 to 2019/20. The proposed support is consistent with the Ethiopian government’s Growth and Transformation Plan II (GTP II) 2015/16

  • Addis Ababa City to Get Massive Multi-Use Residential-Commercial Center

    Eagle-Hills-Mega-MallNovember 19, 2018 - Addis Ababa will get a mixed-use mega mall project built in the La Gare area over 360,000 square meters of land and at a cost of 50 billion birr, according to FBC report.

    According to the report, the mega mall will have 4,000 apartments, 3 hotels, office buildings and outdoor service areas, surrounding a park.

    Prime Minister Abiy Ahmed laid down the cornerstone for the construction of this ultra-modern city mall project.

    Also in attendance were Deputy Prime Minister Demeke Mekonnen, Deputy Mayor of Addis Ababa city, Engineer Takele Uma, and other senior government officials.

    The massive project will by built by Eagle Hills, Abu Dhabi-based private real estate development company.

    The project also aims to develop a social housing, where residential units will be built t


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  • Colonization Still Alive and Well in Africa Today

    Modern-day-colonization-AfricaDecember 1, 2018 (Ezega.com) - Colonization is still alive and well in Africa today, writes Solomon Mboya.

    Many people believe the colonization of Africa ended after the countries gained independence, mostly in the 60s. Time and again we’ve been lied to, and it’s unfortunate we believe the lies propagated by the Western countries. In this article, I want to prove to you that presently, Africa is still colonized.

    According to the African Courier, none of the 54 African countries are truly independent. In one way or another, they are still weakened and manipulated by their former western colonizers who seek to gain from their abundant resources.

    Let’s start by understanding the word ‘colonization.’ According to the English Dictionary, the term colonization “is the act or process of settling among and establishing cont

  • Addis Ababa Overtakes Dubai as Gateway to Africa

    Addis-Ababa-hub-to-AfricaNovember 29, 2018 (Ezega.com) - As political reforms take shape in Africa, Ethiopia has emerged as a premium destination for long-haul travel to the continent in 2018. The astonishing rise of the country as a possible destination for travelers visiting Sub-Saharan Africa has caught Ethiopia’s neighbors by surprise.

    But what does the good news mean for Ethiopia?

    As reported by ForwardKeys, a leading agency in predicting travel patterns globally, Addis Ababa has witnessed a surge in the volume of international travelers to Sub-Saharan Africa in the last five years (2013-2017). ForwardKeys analyzes more than 17 million bookings a day, and they employ some of the best analysts and technologies to predict travel patterns, making their findings credible.

    Their findings also highlight Addis Ababa’s Bole airport, which is under upgrade at a cost of $345 millio

  • US Evaluating Sanctions Against Former NISS Head Getachew Assefa

    Getachew-Assefa-sanctions-USNovember 27, 2018 (Ezega.com) - The United States Government is reportedly evaluating imposing a travel ban travel and assets freeze sanctions on former Ethiopian Intelligence head Getachew Assefa and currently a high ranking member of the Tigrayan Peoples Liberation Front (TPLF).

    The sanctions in question follow the House of Representatives (HR) 128 Bill passed by the US Congress against Getachew Assefa earlier this month.

    US House of Representatives' Mike Coffman, who sponsored the HR 128 bill and finally got it passed by the Congress, sent a letter to the US State Department and the US Treasury Department, requesting the sanctions be imposed on Getachew Assefa. In reply the US State Department indicated that it, along with the Treasury Department, will evaluate the information and "take steps as appropriate."

    The former intelligence hea

  • Ethiopian GDP to Grow 8 Percent, Foreign Currency Reserves Dangerously Low

    World-Bank-Ethiopia-ForecastNovember 14, 2018 - The World Bank Group is forecasting that the Ethiopian economic GDP is projected to grow 8 percent for the current fiscal year 2018/19.

    According to the Bank, Ethiopia's GDP grew 7.7 percent for fiscal year 2017/18, and foreigh currency reserves are hovering around dangerously low levels.

    Although the forecasted growth rate is a marked decline from previous years, it is still one of highest growth rates in the world.

    Earlier this month, the International Monetary Fund (IMF) also forecasted similar growth rates for the Ethiopian economy. The IMF report indicated that Ethiopia's GDP will grow by 8.5 percent this Ethiopian fiscal year which will end on July 7, 2019.

    According to the IMF’s outlook seen by Ezega.com, Ethiopia will continue to be the fastest growing economy in Sub Saharan Africa followed by Rwanda wit

  • African Countries Teetering Under Debt Stress - IMF Report

    Public debt rose above 50 percent of gross domestic product (GDP) in some 22 African countries at the end of 2016, up from ten countries in 2013

    African-Debt-2018November 12, 2018 -- By the International Monetary Fund (IMF’s) own admission, there are circumstances where African governments’ debt levels are so high they become unsustainable, such that the scheduled debt service exceeds the capacity of the member to service it.

    This rings true for a number of countries in the Sub-Saharan African region, where the organisation, in its regional economic outlook for the year, warned debt servicing costs were becoming a burden, especially in oil-producing countries.

    Among these are Angola, Gabon and Nigeria.

    Overall, public debt rose above 50 percent of gross domestic product (GDP) in some 22 countries at the end of 2016, u

  • Ethiopian Economy to Grow 8.5 Percent this Fiscal Year - IMF

    By Staff Reporter

    Ethiopian-economic-growth-8.5pctNovember 7, 2018 - The Ethiopian economy is forecasted to grow by 8.5 percent this Ethiopian fiscal year which will end on July 7, 2019, according to IMF Economic Outlook for Africa.

    According to the IMF’s outlook seen by Ezega.com on Thursday, Ethiopia will continue to be the fastest growing economy in Sub Saharan Africa followed by Rwanda with predicted growth rate of 7.8 percent and Senegal 6.7 percent.

    Deputy Director IMF’s African Departments David Robinson told Ezega.com that Ethiopia’s growth was driven by the service sector and improved domestic and foreign investment.

    The country registered 7.5 percent economic growth rate last year as announced by the same financial institution.

    Growth in Sub Saharan Africa is expected to be 3.1 percent in 2018 up by 0.4 percent from growth rat

  • Dubai Sues China for Building Free Trade Zone in Djibouti

    Djibouti-Free-Trade-ZoneNovember 5, 2018 - UNITED Arab Emirates (UAE) DP World Limited and its subsidiaries of Dubai has sued China for building an international free trade zone on a terminal being disputed with Djibouti, according to Financial Gazette Newswire.

    The lawsuit was filed in the High Court of Hong Kong for unlawfully procuring and inducing the Republic of Djibouti to breach various agreements between the African country and DP World.

    In the lawsuit, DP World sought damages, interest, and a declaration that China Merchants unlawfully procured and/or induced Djibouti’s breaches of its agreements with DP World.

    When the contract between DP World Limited and the Republic of Djibouti was signed, both parties seemed happy and satisfied with the business deal and pledged to respect the terms of the agreement.

    Under these agreements, Djibouti granted DP World Limited

  • Ethiopia, Kenya and Zimbabwe Saw Strongest Gains in FDI Flow

    FDI-Africa-2017October 29, 2018 -- Ethiopia saw one of the strongest FDI gains in Africa for year 2017, along with Kenya and Zimbabwe, according to a report from EY.com. By contrast, South Africa, Egypt, Mozambique and Cote d’Ivoire experienced declines in FDI projects in the same year.

    South Africa is still the largest African FDI hub, with Morocco; Southern, West, East and North Africa all receive more or less equal FDI (measured in project numbers), according to the report.

    The USA remains the single biggest country investing in Africa, while Western Europe (especially UK, France and Germany) is by far the biggest regional investor.

    FDI was up across the continent last year, although South Africa experienced a fall in project numbers, on the back of continued weak domestic growth, thereport says.

    The 2017 data shows that Africa attracted 718 FDI projects which is up 6% from th



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