Ethiopia News
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Airbus SAS, the world’s biggest commercial planemaker, said it’s negotiating with two new potential Middle East customers to sell the A380 superjumbo.
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The Uganda Coffee Development Authority today quoted indicative prices for exports of robusta, which accounts for 85 percent of the country’s coffee exports.
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Rwanda, Tanzania and Burundi agreed that a planned hydropower project to feed electricity to the three countries will be limited to two-thirds of its potential capacity because of environmental concerns.
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KenolKobil Ltd., the Kenyan fuel retailer with operations in nine African countries, gained for a third day and headed for its highest close in almost seven months ahead of an earnings announcement tomorrow.
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Coffee production in Ethiopia, Africa’s biggest grower, will drop 14 percent this year, according to Lome, Togo-based lender Ecobank Transnational Inc.
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Derba Group, an amalgam of three Ethiopian companies owned by Saudi billionaire Mohammed al- Amoudi, said it plans to invest 59 billion birr ($3.4 billion) in seven industrial projects over the next five years.
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An imprisoned Ethiopian opposition leader needs urgent medical attention 12 days after being assaulted in his cell, former President Negasso Gidada said.
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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 ranks among the world’s top 10 tantalum producers.
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Coffee exports from Ethiopia, Africa’s second-biggest shipper of the beans, may rise at least 7 percent this year, the Ethiopian Coffee Exporters’ Association said.
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Ethiopian and Somali troops captured the central Somali town of Baidoa from al-Shabaab, the militant group linked to al-Qaeda, Ethiopian Foreign Ministry spokesman Dina Mufti said.
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