By Tesfa Mogessie ADDIS ABABA, Ethiopia (Anadolu agency) – Addis Ababa, a cosmopolitan city of close to four million people – which hosts African Union headquarters and other international and regional organizations – continues to suffer from several kinds of pollution, including sound pollution. “A loud sound echoes beginning at midnight from a nearby nightclub,” Selam Basha, a resident...
November 9, 2026
Category: Market Bazaar
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Ethiopia readies record $11 billion budget for fiscal year from July
By Aaron Maasho ADDIS ABABA, (Reuters) – Ethiopia’s government on Tuesday proposed a 223.3 billion birr ($11 billion) budget for the fiscal year starting on July 8, up nearly 20 percent from the previous year to fund spending on development. The northeast Africa country’s economy is expected to grow by 10.5 percent in 2015-16, according...
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Future of banking in Africa is mobile
By Peter Schlebusch “In the next three to five years the vast majority of our transactions will be performed on smart-mobile devices.” Retail banking is experiencing a seismic shift in customer behaviour thanks to the digital revolution that continues to effect fundamental changes in the way businesses and individuals transact. Nowhere is this metamorphosis in...
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Construction of key Djibouti-Ethiopia rail to complete
Djibouti—The leaders of Djibouti and Ethiopia will oversee the completion of a railway linking their two capitals on Thursday, with the ambition that the link might eventually extend across the continent to West Africa. Djibouti’s President Ismail Omar Guelleh and Ethiopia’s Prime Minister Hailemariam Desalegn will attend the ceremonial laying of the last track in...
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East Africa lays focus on proposed pipeline
By LILIAN OCHIENG Development of the $4 billion (Sh384 billion) crude oil pipeline from Uganda to Kenya is among priority projects marked for supervision by a new authority set up by East African heads of state last week. Presidents Uhuru Kenyatta, Paul Kagame and Yoweri Museveni established the Northern Corridor Implementation Authority during the 10th Northern...
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A litigious activist’s latest cause: ending affirmative action at Harvard
By Joan Biskupic BOSTON – In recent months, Harvard University has come under attack in court for allegedly limiting the number of Asian-American students it admits. A Reuters examination reveals how the lawsuit brought in their name arose from a broader goal: upending a nearly 40-year-old Supreme Court decision that has primarily helped blacks and...
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Policy Measures Taken By Ethiopia Help Boost FDI Inflows
ADDIS ABABA, — Policy measures taken by the Ethiopian government have enabled the country to attract more foreign direct investment (FDI) every year, according to the Ethiopian Investment Commission. The policy measures, combined with other initiatives, have helped to attract up to 800 projects every year on average, says Getahun Ngash, the director of public...
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Corporate Entry into Africa: A New Chapter
BY JLL Introduction “We all know what makes Africa such an extraordinary opportunity. Some of the fastest-growing economies in the world. A growing middle class. Expanding sectors like manufacturing and retail. One of the fastest-growing telecommunications markets in the world. More governments are reforming, attracting a record level of foreign investment. It is the youngest...
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African land is a profitable but potentially dangerous investment
By Mohammed Maoulidi Foreigners mostly seek agricultural land and land for tourism developments, but all foreigner-owned land in Africa holds the potential to prompt violence from displaced people. Private equity funds are aglow with prospects of profits to be reaped by clients who get in on the acquisition of African agricultural land. Why not, when...
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Ethiopia’s Hot, Nigeria’s Not, for Investors Targeting Africa
By Michael Cohen, William Davison and Renee Bonorchis Africa has a hot new investment destination and it’s not Nigeria. The buzz at the World Economic Forum on Africa, an annual summit of the continent’s rich and powerful, is all about Ethiopia, where the economy is flourishing and the government is embracing select foreign capital. Executives...