A Letter to the Ministry of Finance: Harnessing Bitcoin Mining for Ethiopia’s Economic Future
Dear Ministers and Directors, We write to you on behalf of Project Mano, an Ethiopian-led Bitcoin-focused nonprofit initiative.…
Category: Market
Ethio-Djibouti Railway to Launch Passenger Services in February
Addis Ababa, Ethiopia – Ethio-Djibouti Railway (EDR) Share Company has announced its highly anticipated launch of passenger transport…
Customs Commission Revises Price Verification Guidelines for Imported Goods
The Customs Commission has announced updates to the price verification system for goods imported by manufacturers, revising the…
Mohammed Al Amoudi Among the World’s Top 400 Billionaires in 2025
As of January 23, 2025, Mohammed Al Amoudi is ranked 317th on the Bloomberg Billionaires Index, placing him…
Ethiopian Airlines Expands Cargo Fleet with Boeing 777 Freighter
Ethiopian Airlines, the largest airline in Africa and a leading global air freight operator, has announced the addition…
Mayor Adanech Abebe Launches Construction of Kasanchis-Ayat Residential Village
Addis Ababa, January 15, 2017 (FMC) – Addis Ababa City Mayor, Adanech Abebe, has officially inaugurated the construction…
Starbucks Celebrates Ethiopia’s Coffee Heritage with New Single-Origin Release
Starbucks is spotlighting Ethiopia, the birthplace of coffee, with the release of its newest single-origin coffee. The Starbucks…
Phoenix Group Signs 80MW Power Deal in Ethiopia to Expand Bitcoin Mining Operations
Abu Dhabi-listed blockchain and cryptomining conglomerate Phoenix Group (PHX.AD) has secured an 80-megawatt (MW) power purchase agreement (PPA) with Ethiopian Electric Power (EEP) as…
OVID Holding: Aspiring to Become Ethiopia’s Second Vessel Operator Under Ambitious Five-Year Plan
OVID Holding, a rapidly expanding conglomerate, has announced its intention to become Ethiopia’s second vessel operator as part…
IMF Calls for More Increases in Ethiopia’s Electricity Tariffs Amid Economic Reforms
Partners are calling for additional revisions to address currency rate fluctuations, despite the government’s recent implementation of a…
