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…

Ethiopia opens massive Gibe 3 hydroelectric dam on Omo River

ADDIS ABABA, Ethiopia (AP) — Ethiopia on Saturday officially opened the Gibe 3 hydroelectric dam, which…

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…

Ethiopia, World Bank Sign $203 Million Financing Agreement

Addis Ababa, Ethiopia – The government of Ethiopia and World Bank yesterday signed financial agreement amounting…

New Age Ltd assesses exploration well potential

By Kaleyesus Bekele Addis Ababa, Ethiopia - The British company that is prospecting for oil in the…

Tullow to start drilling third exploration well

By  Kaleyesus Bekele Addis Ababa, Ethiopia - The British oil company  in Ethiopia, Tullow Oil, is to…

Change the laws and boost investment, workshop tells government

Addis Ababa, Ethiopia - Various companies have proposed that the government introduce better petroleum and mining laws…

New Age discovers oil, gas in Elkuran-3

Addis ababa, Ethiopia - The British Oil company prospecting for oil in the Ogaden basin, New Age,…

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…