Ethiopian Airlines is pressing ahead with plans to build its new mega-airport in Bishoftu,...

Africa remained the leading destination for Chinese Belt and Road Initiative engagement in the...

The planned acquisition of TotalEnergies Marketing Ethiopia by OLA Energy has run into a regulatory hurdle in Ethiopia, with authorities raising concerns that the transaction could reshape the fuel retail market and concentrate too much power in one company’s hands. The two international energy companies reached an agreement in Paris at the end of June 2026, under which OLA Energy, a pan-African fuel retailer backed by Libyan state investment institutions, would acquire TotalEnergies’ assets in Ethiopia. The financial terms of the deal were not disclosed. Sources familiar with the matter told Capital that the transaction has not been treated as a routine business transfer by Ethiopian authorities. The Ethiopian Trade Competition and Consumer Protection Authority, which reviews mergers and acquisitions that may affect competition, has temporarily halted the approval process amid concerns that OLA Energy’s combined...

Young people across the world still want relationships, families and a positive future, but...

The Ethiopian government has handed over land in Mojo town to Djibouti for the...

Ethiopia’s fiscal debate has become dangerously familiar: whenever revenue falls short, the easiest answer is to ask the same...

Ethiopia cannot afford to wait for the next global crisis to expose the weakness of its economy. The ongoing...

Ethiopia’s record export earnings in 2025/26 should be welcomed, but they also expose a familiar weakness: the country still...

For Ethiopia's business community, the greatest obstacle to growth today is no longer inflation, foreign exchange shortages, or access...