Fairfax Africa Fund plans to build $4 billion oil refinery in Ethiopia
Fairfax Africa Fund, a US-based investment firm, in collaboration with multiple partners from Asian countries is planning to build an...
Energy & Oil
Ethiopia opens massive Gibe 3 hydroelectric dam on Omo River
Prime Minister Hailemariam Desalegn at the opening ceremony of Gibe 3 hydroelectric dam. ADDIS ABABA, Ethiopia (AP) — Ethiopia on...
Nation’s Most Expensive Dam Undertaken by Sino-Ethiopia JV
Addis Ababa, Ethiopia - A joint venture between two Chinese and one Ethiopian contractor are undertaking the construction of the...
Ethiopia, World Bank Sign $203 Million Financing Agreement
Addis Ababa, Ethiopia - The government of Ethiopia and World Bank yesterday signed financial agreement amounting to 203 million USD...
New Age Ltd assesses exploration well potential
By Kaleyesus Bekele Addis Ababa, Ethiopia -Â The British company that is prospecting for oil in the Ogaden basin, New Age...
Tullow to start drilling third exploration well
By  Kaleyesus Bekele Addis Ababa, Ethiopia - The British oil company  in Ethiopia, Tullow Oil, is to start drilling its third...
Change the laws and boost investment, workshop tells government
Haileleule Tamiru, Managing Partner of Deloitte Ethiopia Addis Ababa, Ethiopia -Â Various companies have proposed that the government introduce better petroleum...
New Age discovers oil, gas in Elkuran-3
Addis ababa, Ethiopia -Â The British Oil company prospecting for oil in the Ogaden basin, New Age, has noted oil and...
Reykjavik Geothermal Agrees to Build 1,000 Megawatts in Ethiopia
Press Release The Government of Ethiopia and Reykjavik Geothermal (RG) today announced an agreement to build and operate up to...