Ethiopia: Latest News

  • Whose Railway Is It? China Claims Ownership Of Addis Ababa-Djibouti Railway

    Addis Ababa-Djibouti Railway By Dana Sanchez, 11:24 am

    Built in China, paid for by China, built by Chinese, operated and maintained by Chinese — news media reports often describe the newly refurbished, high-speed Addis Ababa-Djibouti Railway as a project in which China is fully vested. But China didn’t finance the entire railway by a long shot. Ethiopia and Djibouti financed about 45 percent of the Addis Ababa-Djibouti Railway.

  • Ethiopia Moves Toward Privatization. It’s Not about Money. It’s About Tech.

    Ethiopia moves toward privatizatio By Dana Sanchez, 11:20 pm

    Foreigners have been invited to invest in Ethiopia’s state-owned shipping and logistics company. Will telecommunications and banks be next? Ethiopia is one of the last African countries to have a state monopoly in telecoms. The U.S. hopes to bring its technology, know-how and managerial skills to Ethiopia. The American Chamber of Commerce of Ethiopia was launched in November. “The private sector needs a level playing field that allows fair competition with state-owned enterprises,” a U.S. stakeholder said.

  • Opinion: Targeting Ivory Poachers With Drone Strikes Could Salvage Obama’s African Legacy

    Targeting ivory poachers with drone By Staff, 1:01 am

    Obama should instruct the U.S. State Department to designate ivory poachers for what they are: Terrorist financiers and facilitators of ISIS- and al-Qaeda-affiliated groups in sub-Saharan Africa. Make the life expectancy of poachers so short that no one will risk taking the job. And that requires a few well-placed military drone strikes on poaching camps from any number of our established drone bases in Djibouti, Niger, Kenya, Ethiopia, Somalia, South Sudan, Burkina Faso or the Seychelles.

  • How A US Firm Hopes To Keep Tantalum In Africa A Little Longer Before It Ends Up In Your Cell Phone

    tantalum in Africa By Dana Sanchez, 12:02 am

    If you own a mobile phone, chances are it has tantalum in it from Africa and you have small amounts of the rare metal within inches of your brain. U.S.-based AB Minerals claims to have invented a new disruptive tantalite processing technology that it says will enable tantalum-producing countries to add value to the ore themselves rather than exporting raw ore to China. The company hopes to sell this technology all over Africa. The first African plant is expected to begin operating in Rwanda in 2017. Here’s part of an interview with AB Minerals founder and CEO Frank Balestra.

  • Ethiopian Space Race: Plans To Produce Satellites, Launch Rockets Locally

    Ethiopian space race By Dana Sanchez, 10:57 am

    A scholarly tradition tied to agriculture, stargazing in Ethiopia predates Christianity. Some historians argue that the first study of celestial bodies can be traced back to Ethiopia. Ethiopia’s space ambitions could make it the first country in the Horn of Africa and Northeast Africa to become a space power. Developing satellites and rocket launchers locally in Ethiopia could prompt Kenya, Uganda, Egypt and even Sudan to accelerate their own space ambitions.

  • New Year’s Resolution: Investing In African Healthcare And Fitness

    investing in African healthcare By Kurt Davis Jr., 7:57 am AFKI Original

    In cities from Victoria Island in Lagos, Nigeria to Maputo, Mozambique, gym memberships can be above $100 per month. Africans are paying higher fees than in more mature markets. Zumba classes are abundant, yoga is everywhere, and biking and running are an ever-growing trend in Africa. Putting cash into the facilities for these types of activities is lucrative. Scalability is still a concern but branding across borders and within regions is necessary for growth.

  • Ethiopian Airlines Is Adding Its 5th Destination In China

    Ethiopian Airlines By Dana Sanchez, 4:47 pm

    Ethiopia was the world’s fastest growing economy in 2015 at 10.2 percent. China has invested heavily Ethiopian infrastructure, funding railways, roads, dams, and sub-Saharan Africa’s first modern tramway in Addis Ababa. Chinese firms have also stepped up engagement in Ethiopian manufacturing and upped their supply of manufactured goods exported from China. Ethiopian Airlines has a new $150 million cargo terminal under construction that is scheduled to be completed by April.

  • 5 Things To Expect From African Tech In 2017

    By Tom Jackson, 4:42 am AFKI Original

    Another year, another milestone for the African technology space. With things developing at a rapid pace, it is hard to predict what will be the next big innovation in this exciting sector. Let’s have a go, in any case. Drones seem to have been a topic of discussion for a long time, yet in Africa we haven’t seen much of them. That is probably about to change. The continent is no longer deemed a risky place to do business, but rather digital’s “final frontier”.

  • Mobile Money Services Like M-Pesa Key to Poverty Reduction In Africa

    Mobile Money Revolution By Kevin Mwanza, 6:32 am

    M-Pesa, the world’s largest mobile money network, could be the key to poverty eradication in the developing world based on its success in Kenya where almost 200,000 households headed by women are living above the poverty line as a result of the innovation, according to a study by Journal Science. The service, owned by telecom service provider Safaricom has economically improved the lives of many families in rural parts of East Africa’s biggest economy in the last six years.

  • 5 Major Developments That Shaped Africa’s Tech In 2016

    fintech distributed ledger tech By Tom Jackson, 2:01 am AFKI Original

    Africa is increasingly establishing itself as a hotbed of tech innovation, and 2016 was packed with further progress. From Cairo to Cape Town, from major players to the smallest startups, African tech is developing at a startling pace. But what were the major developments on the tech scene over the course of 2016? Increasingly, investors are seeing Africa as an opportunity rather than a risk, and the tech space in particular is proving itself able to withstand the general slowdown.

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