Demand for foreign currency in Ethiopia has continued to rise, with commercial banks submitting...

​Canadian miner Allied Gold Corporation has poured its first gold at the Kurmuk Gold...

OLA Energy’s proposed acquisition of TotalEnergies’ downstream business in Ethiopia is drawing scrutiny from regional competition regulators, with sources telling Capital that the transaction has entered a COMESA review process. The proposed takeover would transfer more than 120 service stations, together with storage facilities and distribution infrastructure, to OLA Energy. If completed, it could significantly reshape Ethiopia’s petroleum market. However, concerns that the combined business could account for close to half of the country’s retail fuel market have raised questions about whether the acquisition would strengthen the sector through additional investment or lead to excessive market concentration. The agreement was signed on June 30, 2026, at TotalEnergies’ headquarters in Paris. The companies entered into a share purchase agreement covering the entire downstream business of TotalEnergies Marketing Ethiopia. Completion remains subject to the required regulatory and administrative approvals. According...

Awash Insurance S.C. has listed 6,750,604 ordinary shares on the Main Market of the...

Limited internet connectivity, a shortage of affordable digital devices, and low purchasing power continue...

The indefinite suspension of The Reporter is not merely a dispute between a regulator and a newspaper. It is...

Electricity should not be a privilege determined by birthplace, household income or proximity to a transmission line. For Ethiopia,...

World Polio Day is a moment to celebrate one of the greatest achievements in public health: the dramatic reduction...

A billion-dollar financing announcement can sound like an economic breakthrough. For a country managing competing demands for foreign currency,...