Ethiopia: Latest News

  • Sub-Saharan Africa Telecoms Market To Hit $51B By 2021

    By Staff, 4:02 am

    Sub-Saharan Africa’s telecoms service market will be worth $51 billion by 2021, up from $41 billion last year. Mobile services will represent more than 88.4 per cent of the telecoms service revenue in 2021, according to a new report by Analysys Mason, a global specialist adviser in telecoms, media and technology. Retail telecoms revenue in the region will grow at a compound annual growth rate (CAGR) of 4.1 per cent during 2015–2021,

  • In A Down Market For New Car Sales, Cape Town Motor Show Appeals To African Aspirations

    Cape Town Motor Show By Dana Sanchez, 12:48 pm AFKI Original

    New vehicle sales continue to fall in South Africa. The industry needed a creative idea to invigorate its local auto market, excite domestic motor enthusiasts, and appeal to people across sectors. The solution? A Cape Town Motor Show that promoters promise will rival motor shows in Paris, Tokyo, and New York. The show will go over well, a promoter predicts. “People are hungry. People always want to drive a better car. The mood is very positive.”

  • Authorities Say Ethiopian Investments Are Safe. Citizens’ Access To Information? Not So Safe

    Ethiopian investments are safe By Dana Sanchez, 3:12 pm

    Ethiopian authorities say the Oct. 8 state of emergency is helping restore stability after a year of protests. Many investments and factories are back in business. But rights groups and the opposition say a government ban on mobile internet and social media stops people from getting the information they need to keep safe. Thirty days of Internet disruption between July 1, 2015, and June 30, 2016, cost Ethiopia’s economy over $8.5 million, according to a recent Brookings Institution report.

  • Japan Trails China In Trade With Africa. Either Way, Africa Wins

    Japan trails China in trade with Africa By Kurt Davis Jr., 8:49 am AFKI Original

    Japan has a favorable rating in many countries. The Chinese have been criticized for executing half-effort projects such as using poor quality materials on roads. China-Africa trade in 2015 amounted to about $180 billion — nearly 7.5 times more than Japan-Africa trade. African leaders are watching and appear willing to benefit from the sociopolitical competition between the two countries. If the numbers grow because of the “race to Africa,” Africa will benefit.

  • Ethiopia Says Tourists Are Free To Roam Despite State Of Emergency

    By Kevin Mwanza, 6:27 am

    Ethiopia has announced that tourists are not barred from travelling across the nation in a bid to boost its tourist numbers; just days after the U.S. government issued a travel advisory following the declaration of a six-month state of emergency by the horn of Africa nation. There have been fears that foreigners to the nation may face reprisals from security forces for violating the state-sanctioned decree.

  • Editorial: Ethiopia Chose Economic Growth Over Inclusion

    By Kevin Mwanza, 10:00 am

    Ethiopia chose economic growth over the economic inclusion of its people, despite their persistent protests, and now it is paying the price through a state of emergency. After hundreds of deaths ignored by the international community and trampled upon by the government’s security forces, the next six-months are set to be key to the country. It will be a testing period for the nation to maintain investor confidence on the back of the Oromia protests.

  • Is Africa Rising or Tilting? The Narrative Is Quickly Changing

    Africa Rising By Kevin Mwanza, 9:42 am

    Ethiopia, the fastest growing economy in sub-Saharan Africa is under a six-month state of emergency as the government tries to restore order after months of Oromia protests that are threatening to undo the economic gains in the country. The horn of Africa nation represents a familiar narrative across Africa where talk of economic developments has come at the expense of social and political oppression.

  • African Commentator Says Trump Sounds Like An African Politician

    Trump sounds like an African politician By Dana Sanchez, 8:10 pm

    African commentators are having a little fun at the U.S.’s expense in the bizarre last weeks leading to the Nov. 8 U.S. presidential election. Republican party candidate Donald Trump bears the brunt for many of their jokes. But behind the jokes there’s deep concern that the U.S. democracy emulated and admired by many Africa countries is being made a mockery of. Here’s what Africans are saying on social media.

  • Under The Radar: Foreign Investors Under Attack In Ethiopia

    Bubble In African Private Equity By Global Risk Insights, 7:05 am

    Mounting violence in Ethiopia has seen over 500 killed, as protests against the government’s economic and human rights policies continues. The tensions at the heart of the crisis are systemic ones, yet what makes the violence particularly worrisome is that foreign investors have become prominent targets. Foreign businesses are being systematically attacked in protest of the government’s development-centric approach

  • The 10 Most Polluted African Cities

    Most polluted African cities By Keren Mikva, 6:05 pm AFKI Original

    Air pollution in African countries could develop into health and climate crises like China and India have endured. A day spent breathing in Cairo has been likened to smoking a pack of cigarettes. Industrial plants burning low-quality fuel, seasonal sandstorms that often smother the city in a yellow haze, and high vehicle emissions have made the problem worse. Little regulation is in place to enforce environmentally friendly industry processes. Here are 10 of the most polluted African cities.

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