China in driving seat as Ethiopian capital gets new tramway

ADDIS ABABA( AFP)  – Sub-Saharan Africa’s first modern tramway opened in the Ethiopian capital on Sunday, marking the completion of a massive Chinese-funded infrastructure project hailed as a major step in the country’s economic development. Even before the ribbon was cut, several hundred residents were queueing for a ride on the Chinese-driven trams, which have

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Ethiopia ranks 143 among 157 jurisdictions in Economic Freedom

Global economic freedom up slightly; Ethiopia ranks 143 among 157 jurisdictions Addis Ababa, Ethiopia—  Ethiopia ranks 143 out of 157 countries and territories included in the Economic Freedom of the World: 2015 Annual Report, released today by Teachings of Entrepreneurship on Antipoverty Movement(TEAM)  in conjunction with Canada’s Fraser Institute. Last year,Ethiopia ranked 139. Hong Kong

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Ethiopia ranks 143 among 157 jurisdictions in Economic Freedom

Global economic freedom up slightly; Ethiopia ranks 143 among 157 jurisdictions Addis Ababa, Ethiopia—  Ethiopia ranks 143 out of 157 countries and territories included in the Economic Freedom of the World: 2015 Annual Report, released today by Teachings of Entrepreneurship on Antipoverty Movement(TEAM)  in conjunction with Canada’s Fraser Institute. Last year,Ethiopia ranked 139. Hong Kong

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Ethiopia opal miners dig their way to prosperity

Miners say they are able to save money to buy cars and houses thanks to government’s focus on safety and health issues. The Ethiopian highlands are often called “the roof of Africa”. It’s a rugged, breathtakingly beautiful landscape and a discovery in recent years has got precious gem experts around the world excited: opals. Ethiopia’s

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Investigators pinpoint cause of Ethiopian Boeing 787 fire

By Alan Dron Air Transport Word UK’s Air Accidents Investigation Branch (AAIB) has confirmed the cause of a 2013 fire on a parked Ethiopian Airlines Boeing 787-8 at London Heathrow Airport. It was caused by thermal runaway in the lithium metal batteries of the aircraft’s Emergency Location Transmitter (ELT), AAIB has stated in an official

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How Real is the Ethiopia Rising Narrative

If you ask “Is Ethiopia rising?” the answer will most likely depend on who you are asking. If you ask a regular follower of the country’s public media outlets, the answer will be an astounding yes! The same question posed to someone who gets his reports from the independent media and social media activists, will

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Ethiopian Airlines Fleet Expansion Parallels Economic Growth

By Juliet Van Wagenen Source: Aviation Today Ethiopian Airlines has announced plans to order 44 new aircraft, effectively doubling its 76-plane fleet in the face of rising air traffic as Africa’s economy sees steady growth. To accommodate the projected rise, the African carrier has implemented “Vision 2025,” a fleet expansion plan that aims to add

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Airlines in Africa, and the tale of democracy

Airlines in Africa, and the tale of democracy: Kenya and South African carriers bleed, while Ethiopian flies high Perhaps there is something unique in the airline business that makes it easier for a “clever” and developmental authoritarian regime to find success. KENYA Airways (KQ) last week announced a loss of $257 million (Ksh25.7 billion), the

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Ethiopia Agrees on First Deal for Privately Produced Electricity

By William Davison 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. 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

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Ethiopia and other 13 countries are spiraling towards government debt crises

By HEATHER STEWART, THE GUARDIAN With its shuttered banks, furious public protests and iconoclastic politicians, the plight of Greece, brought to its knees by a crippling debt burden, has been gripping and heartbreaking in equal measure: a full-blown sovereign debt crisis on the doorstep of some of the wealthiest countries in the world. Yet new

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