Ethiopia's downstream petroleum industry is entering one of its most significant periods of transformation in decades following OLA Energy Group's agreement to acquire TotalEnergies Marketing Ethiopia. The transaction not only reshapes the competitive landscape of the country's fuel retail business but also marks the end of one of the longest-running international corporate legacies in Ethiopia.
The acquisition positions OLA Energy as the largest foreign-owned fuel retailer in Ethiopia, dramatically expanding its nationwide footprint and reinforcing its ambition to become one of Africa's leading downstream energy companies.
Once the transaction receives regulatory approval from Ethiopian authorities, OLA Energy will take ownership of TotalEnergies Marketing Ethiopia's downstream operations, including more than 120 strategically located service stations, fuel storage facilities, logistics infrastructure, aviation fuel operations, lubricant business, and an extensive network of non-fuel retail services.
The agreement represents far more...
Curtis Ma explains how STAR.VISION is working with African partners to advance satellite innovation, talent development, and digital transformation.
Space technology is increasingly becoming a catalyst for Africa's development, with applications spanning agriculture, disaster management, environmental monitoring, and digital connectivity. As governments and private sector players invest in space-based solutions, global partnerships are playing an important role in expanding the...
Following Ethiopia’s historic decision in 2024 to ban the import of internal combustion engine (ICE) passenger vehicles, the domestic transport and logistics sectors have been forced into a rapid and mandatory transformation. While many traditional industry players viewed the sudden shift to electric mobility with concern, forward-thinking entrepreneurs saw it as a major and timely opportunity.
At the forefront of...
REHABILITATION/RECONSTRUCTION OF WASH FACILITIES FOR 8 SCHOOLS IN THE TIGRAY REGION
LRFP-2026-9204518
Topic- UNICEF (Ethiopia) wishes to request eligible bidders to participate in a Request for Proposal (LRFP) for Rehabilitation/Reconstruction of Wash Facilities For 8 Schools in The Tigray Region
Details of this bid's requirements and eligibility criteria can be found in the bid document.
Interested and eligible bidders can get the...
Date: 19 June 2026
The Office of the United Nations High Commissioner for Refugees (UNHCR), Representation Office in Ethiopia, Addis Ababa, invites qualified and registered Suppliers to participate in the following tender:
SN Tender SubjectClosing Date 1 Request for Quotation ETH-UNHCR RFQ 3074 - For Consultancy for Legal Analysis and Due Diligence on Refugee Occupancy Rights, Housing, and...
External Auditor for July 2025 to 2026 June Organizational Audit
The SIRAD Institute for Research and Development (SIRAD) is a leading civil society organization in Ethiopia dedicated to uniting communities to develop and implement sustainable livelihoods, evidence-based solutions for peace, social cohesion, Capacity building, and empowering women and youth for inclusive development. In addition to its peacebuilding efforts.
Guided by a...
Development of a Methodology for Societal Peacebuilding Through Economic Resilience and Livelihoods
Initiative Africa (IA) invites qualified consulting firms, research institutions, think tanks, universities, civil society organizations, and consortiums to submit Expressions of Interest (EOI) for the development of an innovative methodology aimed at strengthening societal peacebuilding through economic resilience, livelihood creation, and the delivery of essential goods and services.
The...
As Artificial Intelligence (AI) continues to rapidly reshape creative industries worldwide, Ethiopian stakeholders have begun taking proactive steps to understand how this technological transformation intersects with the nation's rich cultural and artistic heritage.
The significance of this issue was highlighted on July 2,2026 , when the Ethiopian Academy of Sciences hosted a high-level panel discussion at the Ethiopian Heritage Authority...
Sunday Morning, also known in French as Dimanche matin, a vibrant 3D animated project created by Minasie Terefe and produced by Behagerlij Studio, has been awarded the prestigious AGrAF -Association des Auteurs de Groupements de l’Animation Française- prize for Best TV Series or Special at the 2026 Annecy International Animation Film Festival in France.
This victory took place during the...
By Amanuel Tadesse
The global development finance architecture is undergoing a profound transformation. As developing countries seek greater access to...
By our staff reporter
The Mauritius Commercial Bank Limited (MCB) has provided a strategic financing package to Invictus Investment Company PLC (ADX: INVICTUS), a prominent agro-food enterprise operating in the Middle East and Africa. The package, structured as an acquisition finance and revolving credit facility, aims to support Invictus Investment’s expansion into new markets and strengthen its working capital position as it scales operations.
This financing agreement builds on the existing partnership between MCB and Invictus Investment and underscores a shared commitment to advancing food security...
By our staff reporter
Wingu Africa has launched Wingu Cloud Exchange (WCX), a locally hosted private cloud platform designed for the wider East African region.WCX gives organisations a secure, compliant, cost-effective, and easy-to-use alternative to offshore cloud services. With transparent local-currency pricing, rapid deployment, and instant scalability, it enables businesses to grow workloads without complexity or unpredictable costs. Launching first in Tanzania, the platform will gradually roll out across all Wingu markets, including Ethiopia and Djibouti.
WCX includes Wingu Compute, Wingu Kubernetes, Wingu Drive, and Wingu...