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 part of its global strategy to...
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 of an extensive five-year investment plan....
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 long-awaited electricity tariff adjustment in June...
Ethiopia’s Debt Reaches $68.86 Billion: What’s Next
Ethiopia’s Debt Reaches $68.86 Billion: Insights from the Ministry of FinanceEthiopia’s public debt has reached a total of $68.86 billion by June 2024, according...
IMF Completes Second ECF Review for Ethiopia, Approves US$248 Million Disbursement
The International Monetary Fund (IMF) Executive Board has completed the second review under the Extended Credit Facility (ECF) arrangement for Ethiopia, enabling the immediate...
IMF Completes Second ECF Review for Ethiopia, Approves US$248 Million DisbursementJanuary 17, 2025 | Washington, D.C.
The International Monetary Fund (IMF) Executive Board has completed the second review under the Extended Credit Facility (ECF) arrangement for Ethiopia, enabling the immediate...
