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Hahu Daily Business News

Economic Progress in Ethiopia

To the Editor (NYTimes) : “Ethiopia, Former Resident of the Bottom, Aspires to the Middle” (Addis Ababa Journal, March 4) reports on Ethiopia’s rapid economic growth. I agree that Ethiopia is one of Africa’s most rapidly growing economies. Indeed, infrastructure and transportation are two of the primary ways the government …

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Ethiopia: Oil marketer plans $5 bn refinery construction

Ethiopia’s leading private oil marketer plans to build a $5 billion refinery within ten years to meet the growing demand for refined products in a region experiencing fast economic growth. A refinery could compete with imports from India, the Gulf and beyond, and also help African countries extract more value …

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Would RIDE get an answer from Ethiotelecom CEO?

Ethiopian telecommunication is on the verge of a remarkable expansion that could add millions of wireless phones into its network. Coming along with this expansion is RIDE, a product of Hybrid Designs PLC, that connects customers to Blue Lada Taxi Drivers safe and secured. RIDE EthiopiaThe CEO of Hybrid Designs, …

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Algeria, Ethiopia Want to Strengthen Economic Relations

Algiers — Algeria and Ethiopia want to strengthen their economic cooperation notably in the agricultural, energy and university fields, said Sunday in Algiers Ethiopian Prime Minister Hailemariam Desalegn Boshe. “Political relations between Ethiopia and Algeria are excellent. Unfortunately, the economic relations did not reach the same level and that is …

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Ethiopia’s controversial ‘Renaissance Dam’

In April 2011, Ethiopia began the construction of a huge dam on the Nile. The dam is expected to produce as much energy as six nuclear power stations for one of the world’s poorest states, but the population may pay a high price.   For Ethiopia, this “Renaissance Dam”, as …

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