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Africa’s Next Oil Frontier – Ethiopia?

Africa’s Next Oil Frontier – Ethiopia?

AFRICANGLOBE – Sitting athwart the headwaters of the Blue Nile, Ethiopia has long seen its energy future in its hydropower potential, being able to export electricity to neighboring countries. That picture may be about to be somewhat altered however. British oil firm New Age (African Global Energy) Ltd works a concession in Ethiopia’s southeastern Ogaden basin blocs 7-8 and its Adigala lease with its Canadian oil firm partner Africa Oil.

The Ethiopians And Their Past

AFRICANGLOBE – The battle of Adwa fought one hundred eighteen years ago between Italy and Ethiopia is the first instance where a European power was defeated by an African Army. In the scheme of human history historians claim it is a big deal. I have no reason to disagree.

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World Bank Sees Ethiopia’s GDP Growing at 7 Percent for Medium Term

While seven percent GDP growth would be the envy of finance ministers in Western economies, it would fall short of an average rate of 10.6 percent that Ethiopia said it achieved in the last 10 years with its state-interventionist policies.

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Ethiopian Jews No Longer Welcome In Israel

AFRICANGLOBE – The last 450 Ethiopian Jews landed in Israel on Wednesday afternoon, ending a 30-year national project. However, hundreds or even thousands of others remain in a camp in Ethiopia, as Israel has refused to let them in.

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Does H&M’s Investment In Ethiopia Signal The African Manufacturing Boom?

AFRICANGLOBE – With the likes of Tesco, Walmart and H&M already in Ethiopia, and others bound to follow their example and bring their business to Africa, the continent is bracing itself for the manufacturing boom, which has eluded it for so long, and for the development gains that should follow.

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Kenya Seeks to Grow Trade With Ethiopia

AFRICANGLOBE – Kenya is pushing for stronger trade relations with Ethiopia due to its huge market potential, as well as a means of boosting regional security. Increased bilateral relations will benefit both countries as Kenya is looking to secure a larger market for its companies, while Ethiopia wants to have an alternative transport corridor for its goods.

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Aids-Related Deaths Fall 38 Percent in East and Southern Africa

AFRICANGLOBE – A ten-fold increase in access to life-prolonging drugs contributed to a 38 percent drop in the number of people dying from AIDS-related causes in eastern and southern Africa between 2005 and 2011, the United Nations said on Tuesday.

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Ethiopia Captures the Blue Nile

AFRICANGLOBE – In addition to Egypt’s latest political turmoil, its government is extremely worried about Ethiopia’s newest dam on the headwaters of the Blue Nile. The Blue Nile is the leading source of water for the north-flowing Nile. Fears in Egypt and the Sudan are that the Grand Ethiopian Renaissance Dam will radically reduce the Nile’s flow.

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Ethiopia, Huawei Sign $700m Mobile Network Deal

AFRICANGLOBE – Ethiopia has signed a $700 million mobile phone deal with China’s Huawei Technologies to improve the telecoms infrastructure in the country. The agreement, which is half of a $1.6 billion project split between Huawei and ZTE is expected to double phone users in the country to 56 million.

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