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....
Koderlab: Empowering Ethiopia’s Next Generation of Digital Innovators
In a rapidly evolving digital world, the need to equip the next generation with tech skills is more urgent than ever. Koderlab, an innovative...
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...
Ethiopia’s Coffee Exports Hit $988 Million in Six Months, Powered by Nekmet’s Global Surge
Key TakeawaysEthiopia exports 240,260 tons of coffee in six months, hitting 153% of planned volumeRevenue totals $988 million, surpassing a $714 million target by...
