Ethiopians Genzebe Dibaba & Hagos Gebrhiwet shine in Shanghai – Samsung Diamond League

Genzebe Dibaba stormed to an Ethiopian record in the women’s 1500m, her compatriot Hagos Gebrhiwet won men’s 5000m, whilst Kenyans Milcah Chemos Cheywa (3000m S/C women) and Leonard Kosencha... Read more »

Ethiopia Invite Chinese and Germans Investors for Stake in Tantalum Mine

(Bloomberg) — Ethiopia’s government is courting investors from at least four countries including China and Germany to buy a stake in the state-owned company that operates what it says... Read more »

Ricardo to produce engines for Lifan’s SUV in Ethiopia

The Reporter – Ricardo, an engine maker giant based in the U.K., has partnered with Lifan, a Chinese car maker, to produce the engine for Lifan’s sport utility vehicles... Read more »

Commercial Bank of Ethiopia Agrees $300 Million China Loan

(Bloomberg) — The Commercial Bank of Ethiopia signed a memorandum of understanding with the Export-Import Bank of China for a $300 million credit facility, Ethiopia’s state- owned lender said.... Read more »

Africa’s Friend China Finances $9.3 Billion of Hydropower

When completed in 2013, Gibe III on Ethiopia’s Omo River will be Africa’s tallest dam, a $2.2 billion project that conservationists say will deprive birds and hippos of vital... Read more »

China gives Ethiopia us$500 million loan

China has lent Ethiopia US$ 500 million that will be used to fund various development projects in the Horn of Africa country. The loan agreement signed with the Chinese... Read more »

Somaliland, Ethiopia and China to Sign Trilateral Deals

BEIJING — Somaliland President Ahmed M. Silanyo arrived in the Chinese capital on Friday for bilateral talks likely to yield dozens of deals, statement said. According to a Presidential... Read more »

Germany blames Chinese land buys for Africa drought

(AFP) – BERLIN — Germany’s Africa policy coordinator on Thursday blamed China’s practice of buying up land in the Horn of Africa for contributing to the devastating drought ravaging the... Read more »

Mesfin Industrial Inaugurates Addis Car Assembly Line In Mekelle

The assembly plant for Addis Car was inaugurated by Mesfin Industrial Engineering in collaboration with Geely International Corp, the China based manufacturer of Geely cars, on Saturday, June 18,... Read more »

US universities in Africa ‘Land grab’

Institutions including Harvard and Vanderbilt reportedly use hedge funds to buy land in deals that may force farmers out Harvard and other major American universities are working through British... Read more »