ADDIS ABABA/JOHANNESBURG (Reuters) – In the weeks since Ethiopia announced sweeping privatization plans after decades of state control, foreign businessmen have been beating a path to Belachew Mekuria’s office. “Everyone is here. MTN is here, Safaricom. I mean everyone is coming,” the new head of the Ethiopian Investment Commission (EIC) said of the stiff competition...
November 9, 2026
Category: Market Bazaar
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Somaliland eyes key Red Sea trade role with Berbera port
AFP- The soporific seaside town of Berbera is slowly changing as it takes on a major role on the Red Sea shipping route, allowing breakaway Somaliland to dream of prosperity and even recognition. At the Berbera port, dozens of containers are stacked on a sun-scorched platform and a few cranes creakily transfer sacks of sorghum...
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Norfund’s $10m to support Somali small businesses
By KENNEDY SENELWA, The East African The Norwegian investment fund for developing countries (Norfund) has set up a $10 million kitty to support small businesses in Somalia. Norfund, together with the Danish investment fund for developing countries (IFU) and Shuraako, an arm of One Earth Future (OEF), have set up the Nordic Horn of Africa...
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Public warned to be wary of online fraudsters
By ROB JILLO, NAIROBI, Kenya, – The public is being warned to be wary of unlicensed and unregulated financial services and products which include online pyramid schemes, credit and savings schemes as well as fraudulent mobile loan applications. Through a joint statement, various regulatory bodies outlined some of the features of these products which include payment of...
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Ethiopian migrant brings the Italian hills alive with the sound of goats
By Alessandro Bianchi VALLE DEI MOCHENI, Italy (Reuters) – Agitu Idea Gudeta has built up a thriving business in her adopted Italy making goat’s cheese and beauty products in just a few years since fleeing her native Ethiopia in 2010 over a land dispute. Her experience is a shining example of what migrants can achieve,...
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The First Somali-Owned Farm Stand Opens In Lewiston
By PATTY WIGHT, Main Public Two cooperative farms joined together to open the produce stand, which will also feature a food truck that serves Somali cuisine. The hope is that the new business at 996 Sabattus Street will help the farmers build capital and foster connection with the wider community. Standing in front of crates filled...
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Ethiopian Airlines says will resume flights to Eritrea’s capital on July 17
ADDIS ABABA (Reuters) – Ethiopian Airlines said on Tuesday it would resume flights to Eritrea’s capital Asmara on July 17 for the first time in 20 years, a day after the neighbors and longtime foes declared their “state of war” over. In a historic deal on Monday, the Horn of Africa neighbors agreed to open...
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Ethiopian, DHL to sign JV agreement
By Kaleyesus Bekele, The Reporter The Ethiopian Airlines Group and DHL, the leading global logistics and forwarding company, are going to sign an agreement to jointly incorporate a logistics service company in Ethiopia. One of the eight profit centers of Ethiopian Airlines Aviation Group, Ethiopian Airlines Cargo and Logistics, has partnered with DHL to render logistics...
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Ethiopia considers building oil terminal in Djibouti
By Kaleyesus Bekele Capacity limitations at the Djibouti oil terminal has prompted the Ethiopian government to start planning to build an oil terminal at the port of Djibouti, The Reporter has learnt. The Ethiopian Petroleum Supply Enterprise (EPSE) receives the petroleum products from oil tanker vessels and stores it in the oil terminal until it is loaded on...
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Ethiopia Passes ‘Pro-Poor’ Budget as It Moves to Open Up Economy
By Nizar Manek Ethiopia’s parliament passed a 346.9 billion birr ($12.6 billion) budget, about two-thirds of it poverty reduction programs involving health, education and food security, as the Horn of African nation tries to quell unrest while sustaining the momentum of the continent’s fastest-growing economy. In televised comments, Prime Minister Abiy Ahmed described the budget as...