Archive for October, 2011

Britons donate £72m for East Africa drought aid appeal

Sunday, October 16th, 2011

The British public has donated £72m for victims of the devastating drought in East Africa, the most ever for a food crisis, UK aid agencies have said.

Ethiopia launches flight to Khartoum from the North

Sunday, October 16th, 2011

Ethiopian Airlines began direct flights from Ethiopia’s northern regions to the Sudanese capital Khartoum on Thursday. It was announced that the new flight will takeoff to Khartoum from Bahir Dar, capital to the Amhara Regional State and Tigray's Regional State Capital, Mekelle.

Ethiopia’s Millennium Dam Not to Negatively Impact Egypt, Sudan

Sunday, October 16th, 2011

Ethiopian Minister of Water and Energy Alemayehu Tajno says that the country’s proposed Millennium Dam will not harm Egypt or Sudan

Ethiopian detentions target weak opposition

Tuesday, October 4th, 2011

By Aaron Maasho Friday, September 30, 2011 ADDIS ABABA, Sept 28 (Reuters) - When Ethiopian Prime Minister Meles Zenawi's ruling party was re-elected in 2010, analysts said he could take two paths: give the opposition scope to grow and secure a legacy of progress, or sideline them once and for all and tarnish ...

Allana Potash appoints BNP Paribas as advisor for Ethiopian potash project debt financing

Tuesday, October 4th, 2011

Allana Potash Corp. (TSE:AAA)(OTCQX: ALLRF) said Monday it has hired investment bank BNP Paribas as financial advisor for the structuring of a debt financing, which will be used for the construction of the company's Ethiopian potash project.

Questions over Ethiopia’s coffee crop

Tuesday, October 4th, 2011

Coffee production in some parts of southern Ethiopia has come to a halt because of a lack of rain, according to a British NGO, although some coffee experts predict a bumper crop this year. Plan UK is reporting that some coffee farmers have been forced to rip out their entire crop ...

Ethiopia, Djibouti to Sign Electricity Export Deal Tomorrow

Tuesday, October 4th, 2011

A delegation from the government and the Ethiopian Electric Power Corporation (EEPCO) is scheduled to sign an official and binding agreement with Djibouti tomorrow for the export of electricity.

Diageo OutBids SABMiller to Acquire Ethiopia State Brewer for $225 Million

Tuesday, October 4th, 2011

Diageo Plc (DGE), the world’s largest distiller, agreed to buy Ethiopia’s state-owned Meta Abo Brewery for $225 million after outbidding SABMiller Plc (SAB) and Heineken NV. (HEIA) Diageo, which makes Guinness stout, will expand Meta Abo and introduce new products, Wondafrash Assefa, a spokesman for Ethiopia’s Private and Public Enterprises Supervising ...