Addis Ababa News

Pizza Hut Enters Ethiopia in Latest Expansion Into Africa

Pizza Hut Enters Ethiopia in Latest Expansion Into Africa

Pizza Hut is set to open three outlets in Ethiopia this year, becoming one of the first international restaurant chains to enter Africa’s second-most populous country.

Aliko Dangote, CEO, Dangote Group

Aliko Dangote: In for the long haul

Aliko Dangote, Africa’s richest man, is optimistic that the only place to invest in today is Africa.

AccorHotels headquarters in Issy-les-Moulineaux near Paris, France

AccorHotels signs deals to open three hotels in Ethiopia

Europe’s largest hotel group AccorHotels, will open three hotels in Ethiopia by 2021, becoming the latest international chain to tap into the growing business and tourism sectors in the country.

EXEO Capital's Sub-Saharan Africa agribusiness Agri-Vie Fund II attracts over $100M in first close

EXEO Capital's agribusiness Agri-Vie Fund II attracts over $100M in first close

EXEO Capital, the pan-African private equity investment firm, has announced the first close of the second Agri-Vie Fund, focused on the food and agribusiness sector in Sub-Saharan Africa.

Moussa Faki Mahamat attends a meeting in Chad, in 2014. Credit: theguardian.com/Farouk Batiche/AFP/Getty Images

Chad's Foreign Minister Moussa Faki Mahamat elected African Union Chairman

Chad’s foreign minister has been elected as the new chair of the African Union Commission, pledging to place development and security at the top of his agenda and streamline the organization’s bureaucracy.

In front: South Africa's President Jacob Zuma (L) and AU Chair Nkosazana Dlamini-Zuma (R)

It's time South Africa tuned into Africa's views about its role on the continent

South Africa has variously styled itself as a “bridge” between the North, the global South and Africa as well as a “gateway” into the continent.

Ethiopia Opens Massive Gibe 3 Hydroelectric Dam on Omo River

Ethiopia Opens Massive Gibe 3 Hydroelectric Dam on Omo River

Ethiopia on Saturday officially opened the Gibe 3 hydroelectric dam, which is among the biggest in Africa, despite concerns by environmentalists about its impact downstream and upon neighboring countries.

All eyes on Africa tech

All eyes on Africa tech

Forget bootstraps. Africa is a continent dragging itself up by its code strings to become a global player – but it needs more software developers, writes Brett Parker, SAP Africa Managing Director.

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa.

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa

Ethiopia and Djibouti have launched the first fully electrified cross-border railway line in Africa.

Kia Motors to assemble cars in Ethiopia

Kia Motors to assemble cars in Ethiopia

South Korea’s Kia Motors Corp signed a deal with an Ethiopian company last week to start assembling cars in Ethiopia and is thinking of similar operations elsewhere in Africa.

Buffalo Mall, Naivasha, Kenya

East Africa's second-tier cities hold untapped potential

Retail in Kenya is dominated by informal sellers, but recent years have seen a boom in modern trade, with home-grown supermarket chains expanding their footprint and international brands (such as Carrefour and Massmart’s Game banner) entering the market.

Davido: “Most music that comes out these days has our elements already in it, so why wouldn’t the people love African music?” (Tom Oxley/Washington Post)

Is this the year that African music will conquer the United States?

Whether it’s through hip-hop, R&B, Top 40 radio or Internet memes, Drake is a ubiquitous presence on our cultural landscape. Yet for all of his inescapable hits in the past few years, it was only in May that Drake finally topped the Billboard charts.

BON Hotel Addis Ababa

BON Hotels extends its footprint into Ethiopia

BON Hotels, a hospitality company that owns, manages and markets hotels throughout Africa, has added yet another property to its ever-growing stable.

OR Tambo International Airport, Johannesburg. By 2018, a cross-continent passport may be available to all African citizens. Photograph: Alamy

As the UK shuts itself off from Europe, the African Union rolls out a passport for the continent's 54 countries

This weekend the African Union unveiled an e-passport that will hopefully be available to all citizens of member states by 2018.

Ethiopian Airlines

The future of aviation in Africa (Video)

Africa is “the next and last frontier in globalization,” according to Tewolde Gebremariam, CEO of Ethiopian Airlines, who says that developing the aviation industry will be vital.

Shop Africa 2016: Knight Frank

Shop Africa 2016 (Report & Infographics): Knight Frank

Sub-Saharan Africa is experiencing a wave of modern shopping mall development. The retail sector has become a major focus for development activity in recent years, as investors have been attracted by the growth potential of African consumer markets.

UK investors eye Africa's burgeoning opportunities

Africa is one of the few bright spots on the global economic horizon, says billionaire investor George Soros

Investor and philanthropist George Soros has described Africa as ‘one of the few bright spots on the global economic horizon’, while consultants McKinsey say that the continent offers higher returns than any other developing region.

Newly-elected AU chairman, Chadian President Idriss Déby. Photograph: Xinhua/Barcroft Media

African Union members back Kenyan plan to leave International Criminal Court

Leaders at Addis Ababa summit support pullout of international criminal court in protest at perceived unfair targeting.

African economies to grow by 4.4% in 2016

African economies to grow by 4.4% in 2016, up from 3.7% in 2015

Africa will record a 4.4 percent economic growth this year, up from 3.7 percent in 2015 buoyed by increasing domestic demand and improved investment in infrastructure, the United Nations has predicated.

Grand Ethiopian Renaissance Dam (GERD)

Egypt, Ethiopia and Sudan sign new Grand Renaissance Dam agreement

Egypt, Ethiopia, and Sudan signed an agreement on Tuesday finalizing the two firms tasked with carrying out studies on the potential impact of Ethiopia’s Grand Renaissance Dam on the flow of the Nile.

An Ethiopian coffee farmer (AP Photo/Sayyid Azim)

Commodity exchanges can help unlock Africa's agricultural potential: Paul Boateng, former British High Commissioner to South Africa

With agriculture making up approximately 65% of Africa’s labour force and 35% of the continent’s GDP, the sector’s capacity to help realise major continental development priorities is beyond doubt.

Ben Kruger, Co-CEO, Standard Bank

Standard Bank opens Ethiopia office to cater to fast growing economy

Standard Bank Group has opened a representative office in Ethiopia.

Ethiopia has the potential to generate 45,000 megawatts of hydropower

Blackstone's Black Rhino looks at renewable power investments in Ethiopia

Black Rhino, owned by funds of U.S. investment company Blackstone Group, said on Wednesday it was looking at investments in Ethiopia’s power generation sector.

Africa's other "Big 6": Ethiopian Airlines, South African Airways, Arik Air, EgyptAir, Kenya Airways and Royal Air Maroc

Africa's other "Big 6": Jude Uzonwanne, Associate Partner, Dalberg Global Development Advisors

Africa’s vast skies are being mastered by the “Big 6”: Ethiopian Airlines, South African Airways, Arik Air, EgyptAir, Kenya Airways and Royal Air Maroc.

Nancy Kacungira, New Anchor, KTN

Why I cannot tell 'the African story': Nancy Kacungira, News Anchor, KTN (Infographic)

Ugandan TV journalist Nancy Kacungira has won the first BBC World News Komla Dumor Award for Africa-based journalists.

Chinelo Anohu-Amazu, Director-General, Nigeria's Pension Commission. Credit: theafricareport.com

Pension funds: Leading a quiet Nigerian revolution

For someone who oversees billions of dollars in pension funds and pilots sweeping reforms in Africa’s biggest economy, Chinelo Anohu-Amazu did not shout her credentials from the roof tops when she visited The Africa Report’s office in Paris.

Ethiopia aims to grow tourism threefold in five years

Ethiopia aims to grow tourism threefold in five years

Ethiopia aims to triple its number of foreign visitors to more than 2.5 million by 2020, making tourism a pillar of one of Africa’s fastest-growing economies.

Hilton becomes latest hotel chain to tap Ethiopia's fast growth

Hilton becomes latest hotel chain to tap Ethiopia's fast growth

Hilton will open its first hotel in Ethiopia in more than four decades, it said on Wednesday, following other international chains that seek to tap into rising business and tourism in the country.

Marriott Executive Apartments Addis Ababa - Exterior

Marriott International opens first Marriott Executive Apartments property in Africa (Photos)

Marriott International, in partnership with Sunshine Business, has just announced the opening of Africa’s first Marriott Executive Apartments in Addis Ababa, Ethiopia.

Starwood will be opening the Four Points by Sheraton Oran in November, marking the entry of the brand into Algeria

Starwood Hotels accelerates growth in Africa with seven new deals

Company to expand Africa portfolio by over 50% in the next five years entering new markets and introducing more brands.

Passengers ride Ethiopia's new tramway on September 20, 2015 in Addis Ababa (AFP Photo/Mulugeta Ayene)

Addis Ababa opens first modern tramway in Sub-Saharan Africa

Sub-Saharan Africa’s first modern tramway opened in the Ethiopian capital on Sunday, marking the completion of a massive infrastructure project hailed as a major step in the country’s economic development.

The Sheraton Hotel Addis Ababa, Club Room

Fact of the Day: Addis Ababa has Africa's highest hotel room rates

A price survey of international-grade hotels in select major African cities, produced by hospitality research firm STR Global, ahead of theAfrica Hotel Investment Forum (AHIF), taking place at the end of September, has revealed that Addis Ababa is the most expensive place for a good night’s sleep.

Barack Obama, President of the United States of America

Africa to Obama: Mind your own business

United States President Barack Obama is the most admired foreign leader in Africa because he has ancestral roots in our continent.

Barack Obama, President of the United States of America

Young Africans to Obama: 'Clean your own house first'

President Obama came to Africa to deliver a “blunt message” to its politicians. But young people in Kenya and Ethiopia had plenty to say to Mr Obama about the state of America.

Ethiopia's government agreed to purchase power in an accord signed on Monday during President Barack Obama’s visit to the Horn of Africa nation. Photographer Saul Loeb/AFP via Getty Images

Africa's fastest growing economy Ethiopia agrees on first deal for privately produced electricity

Ethiopia’s government signed a deal to buy electricity from a geothermal-power plant being developed by companies including Reykjavik Geothermal Ltd. of Iceland, a partner in the project said.

Donald Kaberuka, whose tenure as African Development Bank president ends in September, has warned African countries to keep an even economic keel. Photograph: Chip Somodevilla/Getty Images

African Development Bank chief urges continent to learn from Greek crisis

Donald Kaberuka, the outgoing president of the African Development Bank (AfDB), has cautioned African countries to heed lessons from the Greek debt crisis and consolidate economic stability, with growth in the continent set to be driven by increased public expenditure.

European Investment Bank headquarters, Luxembourg

European Investment Bank Plans Africa Expansion Amid Growth

The European Investment Bank plans to open offices in four more African cities as it strengthens its foothold on a continent looking for financing to build infrastructure, said a senior official with the lender.

Addis Ababa: Ethiopia scrambles to meet property demand in booming capital.

Ethiopia scrambles to meet property demand in booming capital

A property boom in Ethiopia’s capital is putting pressure on the government to keep homes affordable in one of Africa’s fastest-growing economies.

Mango Airlines

10 budget airlines changing Africa's skies

Traveling across Africa’s huge distances can be expensive. Not that long ago, getting from one city to another often meant a connection in Europe. That’s finally changing.

Quick facts about travel to Ethiopia

Check out these quick facts about travel to and from Ethiopia, courtesy of Jovago (Infographic)

Check out this infographic showing some quick facts about travel to and from Ethiopia, courtesy of Jovago.

Ethiopia to double number of sugar estates by November, eyes $500M revenue

Ethiopia to double number of sugar estates by November, eyes $500M revenue

Ethiopia is on track to double the number of its sugar estates to six by November this year, a senior official said on Friday, and the Horn of Africa country hopes they will generate $500 million a year in export revenue.

Azeb Asnake, CEO, Ethiopian Electric Power (EEPCo)

Ethiopia eyes extra 12,000 MW in power projects by 2020: Azeb Asnake, CEO, Ethiopian Electric Power (EEPCo)

Ethiopia plans to launch hydropower dams and other renewable energy projects over the five years to 2020 that will add an additional 12,000 megawatts of electricity upon completion, a senior official said on Monday.