Ethiopia’s economy is forecast to expand 8.5 percent in the July 2018-June 2019 period, from 7.5 percent in the previous fiscal year, the International Monetary Fund said on Wednesday. In its first assessment since Prime Minister Abiy Ahmed took office…
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East African countries that were banking on Ethiopia for cheap electricity could be forced back to the drawing board given the uncertainties on the future of the Grand Ethiopian Renaissance Dam. Although Ethiopia has marketed the dam as the most…
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Volkswagen (VW) is considering a component assembly plant in Ethiopia, in addition to the two recently announced assembly plants in Ghana and Nigeria. The foray into Africa represents a growth opportunity for the car maker in light of the expected…
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