2merkato

Gilgel Gibe III, one of Ethiopia’s grand hydroelectric power generation projects, had started power generation on October 10, 2015, according to Fana Broadcasting Corporate (FBC).

The first ever GITEX Africa opens its doors in Marrakesh, Morocco on 31 May and will run until June 2nd, 2023. As Africa's largest trade fair for technology and start-ups, GITEX Africa's mission is to strengthen digital transformation cooperation and partnerships across the continent, shaping the vision for a more connected, inclusive and sustainable digital economy. As one of the key players at this event, Huawei, a Platinum Sponsor, is reaffirming its commitment to unleashing the potential of digital technology to guide Africa towards new and ever more promising horizons.

Global Bank Ethiopia announced that its paid-up capital has reached Birr 5 billion during the 2024/25 fiscal year. The Bank noted that its paid-up capital in the 2023/24 fiscal year was Birr 2.4 billion, reflecting a growth of more than 100 percent within one year.

The Global Geospatial Data Infrastructure and Africa GIS Conference opened in Addis Ababa, Ethiopia on Monday.

The theme of the event is titled as "Spatial Enablement in Support of Economic Development and Poverty Reduction".

Ethiopian Prime Minister Abiy Ahmed, writing on Financial Times (FT), pointed out “there is a major flaw” in how the world is dealing with the coronavirus pandemic, while the wealthy rush to stimulate their economies without similar meaningful interventions in Africa. If the virus is not defeated in Africa, PM Abiy argues, “It will only bounce back to the rest of the world.” He also called on the G20 to launch a global fund to prevent health systems in Africa from collapsing.