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EU Calls for Immediate De-Escalation and Return to Dialogue in Tigray

The European Union (EU) has voiced grave concern over the rapidly deteriorating security climate in Northern Ethiopia, issuing an urgent call for immediate de-escalation...

Dangote Group and Ethiopian Investment Holdings Launch Strategic Fuel Terminal in Djibouti

The Republic of Djibouti has officially broken ground on a strategic, $160 million petroleum product storage terminal at the Damerjog Industrial Park (DDIP). This high-profile...

U.S. warns of further sanctions as TPLF launches “Unwinnable” offensive in Northern Ethiopia

The United States has issued a stern warning regarding potential additional sanctions following a large-scale military offensive launched by the leadership of the Tigray...

Djibouti, Ethiopia to break ground on landmark $160 million Damerjog Petroleum Terminal

Djiboutian President Ismaïl Omar Guelleh and Ethiopian Prime Minister Abiy Ahmed are set to jointly lay the foundation stone today for a strategic petroleum...

​Ethiopia opens capital markets to everyday investors with CIS directive

The Ethiopian Capital Market Authority (ECMA) has announced that the Collective Investment Schemes (CIS) Directive has been officially registered and approved by the Ministry...

New Djibouti fuel terminal plans to move Ethiopia’s fuel by train

Steel tanks are rising at Djibouti’s Doraleh Multipurpose Port. If ATLS’s plan succeeds, the terminal will do more than store fuel: it will load...

Gadaa Bank deposit portfolio expands 68% to surpass birr 11.89 billion

Gadaa Bank S.C., one of the youngest financial institutions, has announced that its total deposit portfolio grew by 68% compared to the previous year,...

East Africa’s $16 billion oil refinery to break ground in Lamu next week

Construction of the landmark East Africa Refinery in Lamu is set to begin next Wednesday, Deputy President Kithure Kindiki has announced. Backed by Nigerian...

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