ETHIOPIA has signed a landmark agreement with Nigeria’s Dangote Group to establish a $2.5bn fertiliser manufacturing plant, Prime Minister Abiy Ahmed announced on Thursday. The deal, unveiled in a post on social media platform X, marks one of the largest industrial investments in Ethiopia in recent years. Abiy said the plant, to …
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AFRICA’S economy is projected to expand by 3.9 percent in 2025, rising further to 4 percent in 2026, despite mounting global uncertainties, inflationary pressures, and trade disruptions, according to the African Development Bank Group (AfDB) in its 2025 African Economic Outlook (AEO) released Tuesday. Unveiled during the Bank’s Annual Meetings in Abidjan, Côte d’Ivoire, …
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INDONESIA and Ethiopia are considering ways to expand bilateral cooperation, as well as interaction in the BRICS bloc, according to a report by Antara News Agency, a partner of TV BRICS. The report indicated that the Indonesian Foreign Affairs Minister Sugiono held a meeting with Ethiopian Ambassador to Indonesia Fekadu …
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KENYA is poised to overtake Ethiopia as East Africa’s largest economy in 2025, according to fresh forecasts from the IMF. The IMF projects that Kenya’s gross domestic product (GDP) will reach $132bn this year, outpacing Ethiopia’s expected $117bn. The shift comes after Ethiopia liberalised its exchange rate system in July 2024, …
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ETHIOPIAN ambassador to Brazil, Leulseged Tadese Abebe, says his country’s accession to the BRICS New Development Bank (NDB) is one of the priorities for the current year. Abebe said in an interview published on the website of Brazil’s BRICS Chairmanship, a partner of TV BRICS, that already, an application for …
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ETHIOPIA is set to welcome its first green hospital, the Roha Medical Campus (RMC), a $130 million multi-specialty facility under construction in Addis Ababa. The hospital recently achieved a historic milestone, becoming the first healthcare project in Ethiopia to gain accreditation for sustainability under the IFC EDGE (Excellence in Design for Greater …
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THE Ethiopian government has recognised the Chinese-built Ethiopia-Djibouti railway for its significant contribution to the country’s expanding export-import trade. The 752-km railway, a vital link between the two countries, has been praised for its fast-growing role in promoting socio-economic development. https://newsextra24.com/tennis-legend-rafael-nadal-announces-retirement/ The Ethio-Djibouti Standard Gauge Railway Share Company (EDR) announced that the …
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NIGERIAN authorities have seized 19.4 kg of cocaine valued at 4.66 billion naira ($2.93 million) from a passenger arriving at Lagos’ Murtala Muhammed International Airport on a flight from Ethiopia. The National Drug Law Enforcement Agency (NDLEA) announced the arrest of a 48-year-old Nigerian businessman on September 18, describing …
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ETHIOPIA has said Egypt “must abandon its aggressive approach” towards a controversial hydroelectric dam on the River Nile as tensions between the countries continue to escalate. Addis Ababa was responding to a letter Egypt sent to the UN Security Council last week accusing Ethiopia of violating international law by …
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Ethiopia has signed an agreement to design and construct what will become Africa’s largest airport, expected to be completed by 2029. Ethiopian Airlines CEO Mesfin Tasew announced the plans on Friday, revealing that the new airport will be located near the town of Bishoftu, about 45 kilometres (28 miles) …
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