China’s Zijin Gold International has acquired approximately 9.2 percent of Canadian mining company Allied Gold Corporation, giving the company indirect exposure to major gold assets including the Kurmuk project in western Ethiopia.
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The Ministry of Water and Energy has signed a contract worth more than Birr 933.6 million with Bigeta Business PLC for the drilling and construction of water wells in Angacha Woreda, Kembata Zone, Central Ethiopia Regional State.
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The Ethiopian Electric Utility (EEU) generated Birr 118.91 billion in revenue during the 2025/26 fiscal year, surpassing its annual target of Birr 115.86 billion.
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Ethiopia’s installed electricity generation capacity has surpassed 9,730 megawatts as the country expands renewable energy infrastructure and works to improve electricity access nationwide.
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Ethiopia has granted regulatory approval for Zijin Gold International’s USD 4 billion acquisition of Allied Gold Corporation, allowing the transaction to move closer to completion.
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