Ethiopian Railways Corporation Ordered to Pay $213.6 Million in Turkish Arbitration
Ethiopian Railways Corporation loses arbitration case, ordered to pay $213.6 million to Turkish contractor Yapi Merkezi for terminated railway project.
East Africa
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Ethiopian Railways Corporation loses arbitration case, ordered to pay $213.6 million to Turkish contractor Yapi Merkezi for terminated railway project.
Ethiopia's rapidly growing economy may benefit from a potential realignment of International Monetary Fund (IMF) quotas, but smaller African economies risk losing influence.
Ethiopian farmers face severe drought and food insecurity due to El Niño and ongoing conflict
European Investment Bank supports Uganda's climate finance efforts with a cooperation agreement to sharpen climate-risk supervision and channel private capital into green investment.
US lifts sanctions on Eritrea, sparking debate on implications for the repressive state and the Horn of Africa.
Elite Agro invests $38 million in 400-hectare Moroccan farm to boost year-round fruit exports.
Ethiopia seeks fair access to the Red Sea, citing historical, geographical, and national security ties.
Ethiopia criticizes Egypt's claims of water scarcity on the Nile River
Ethiopia's air force modernizes with technology, training, and personnel to protect national sovereignty.
Ethiopia's federal government swiftly responds to restore basic services and provide humanitarian aid in Tigray region
IMF warns of inflation and external account risks despite Ethiopia's strong growth outlook
Ethiopia's Capital Market Authority restricts Dangote Petroleum securities offering to qualified investors