Category: Ethiopia
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Ethiopia bans imports of gas-powered private vehicles, but the switch to electric is a bumpy ride
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Breadcrumb links PMN BMN Business Article writer: Associated Press Samuel Getachew Published on November 3, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content ADDIS ABABA, Ethiopia (AP) — As fuel prices rose in…
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KQ seeks State’s help over Sh1.5bn blocked in Ethiopia
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Kenya Airways is seeking to release more than Sh1.5 billion frozen in Ethiopia due to foreign exchange restrictions that have seen the company struggle to repatriate profits amid a severe dollar crunch. CEO Alan Kilavuka told Daily business The governments of Ethiopia and Kenya are in talks to ease a…
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Ethiopia tops Kenya’s foreign assets on Safaricom entry
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Ethiopia has become the host of the largest stock of capital investment from Kenya in Safaricom’s expansion into that market, knocking Tanzania down to second place. Safaricom is investing billions of shillings heavily in its startup operations in Ethiopia. Tanzania and Uganda have traditionally been the top destinations for foreign…