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Ethiopia forecasts faster growth next fiscal year

June 11, 2025 Amanuel Ashagire

ADDIS ABABA – Ethiopia expects its economy to accelerate in the upcoming fiscal year, projecting real GDP growth of 8.9%, up from the current estimate of 8.4%, according to Finance…

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Ethiopia’s Mega-Dam Nears Completion: A New Dawn for the Horn of Africa?

May 26, 2025 Amanuel Ashagire

A Nation on the Brink of a Historic Celebration In a monumental stride toward energy independence and regional leadership, Ethiopia’s Grand Ethiopian Renaissance Dam (GERD) is now 98.66 percent complete.…

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France Renews Economic Commitment to Ethiopia as Strategic Ties Deepen in Paris

May 24, 2025 Amanuel Ashagire

Posted: May 24, 2025 PARIS – In a high-level bilateral meeting at the Élysée Palace, Ethiopia and France took decisive steps toward strengthening their economic and political partnership, signaling renewed…

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China Commits $1.75 Billion to Ethiopia in Mining and Solar Projects

May 14, 2025 Amanuel Ashagire

Published: May 14, 2025 Ethiopia is set to receive a substantial influx of foreign investment as five Chinese companies prepare to invest a total of $1.75 billion across the country’s…

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Kenya Turns to Ethiopia for Power Boost: Could Regional Energy Trade Be the Future of East Africa?

May 9, 2025 Amanuel Ashagire

Posted: May 9, 2025 In a move that underscores the growing interdependence of East African nations, Kenya has officially begun formal negotiations to increase its electricity imports from neighboring Ethiopia.…

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Turkey Strikes Oil in Somalia: A 20 Billion Barrel Discovery That Could Reshape the Horn of Africa

May 7, 2025 Amanuel Ashagire

📍 Mogadishu | May 7, 2025 In what may become a defining moment for Somalia’s economic trajectory—and a potential game-changer for the entire Horn of Africa—Turkey has reportedly discovered 20…

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Could Ethiopia’s $3.4 Billion IMF Deal Redefine the Horn of Africa’s Economic Future?

April 29, 2025 Amanuel Ashagire

In a development that could reshape the economic trajectory of the entire Horn of Africa, Ethiopia is on the brink of securing a critical $3.4 billion agreement with the International…

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BRICS in Focus: The Russia-India Economic Pivot and Its Ripple Effects in the Horn of Africa – Ethiopia and Somalia at a Crossroads

November 29, 2023 Editorial Team

By Henok Amanuel, Professor of Economics The burgeoning Russia-India economic alliance, against the backdrop of a fragmented global order, represents wider shifts in international trade and alliances. Their deepening partnership,…