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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Dangote Group is planning a major expansion into East Africa through the development of a proposed USD 17 billion oil refinery in Kenya, a project that could reshape the region’s energy landscape and reduce dependence on imported petroleum products.
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OLA Energy Group has signed a Share Purchase Agreement with TotalEnergies to acquire TotalEnergies Marketing Ethiopia, expanding its presence in Ethiopia’s downstream energy market.
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