Prime Minister Abiy Ahmed (PhD) announced that civil works on the Koisha Power Generation Project have reached 70 percent completion, marking a major milestone for one of Ethiopia’s flagship energy initiatives.
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Gold prices soared past USD 4,000 per ounce for the first time on Wednesday, extending a record-breaking rally fueled by geopolitical tensions, expectations of U.S. interest rate cuts, and growing investor demand for safe-haven assets.
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Prime Minister Abiy Ahmed today inaugurated the first phase of the Ogaden Liquified Natural Gas (LNG) Project in Calub, Somali Region of Ethiopia. The facility, with an annual production capacity of 111 million liters, marks a milestone in Ethiopia’s drive to harness its natural gas reserves for national development.
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The Ministry of Finance has announced the full implementation of a combined 30 percent tax on petroleum products for the 2025/26 fiscal year, consisting of a 15 percent value-added tax (VAT) and a 15 percent excise duty.
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The Ethiopian Electric Utility (EEU) has announced plans to connect 154 rural localities to electricity, through both grid and off-grid systems, during the 2025/26 fiscal year.
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