Ethiopia denies Trump claim mega-dam was financed by US
Egypt, a close ally of the US which depends on the Nile for 97 percent of its water, considers the dam an "existential threat". In Davos last month on the sidelines of the World Economic Forum, Trump backed that claim, saying the dam "was financed by the United States and it basically blocks the Nile". "We did not receive a single birr (the Ethiopian currency) in loans or financial aid from any foreign sources for the construction of the mega-dam. Salini also said the project was entirely financed by Ethiopia. Trump, a longtime ally of his Egyptian counterpart, pledged to "get negotiations back on track" between Cairo and Addis Ababa.
Source:Ethiopian News
February 03, 2026 10:08 UTC
Ethiopia rejects Trump claim US funded Nile dam
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Source:Ethiopian News
February 03, 2026 10:02 UTC
Ethiopia bondholders plan lawsuit as $1 billion debt row escalates
Ethiopia, which defaulted on the bond in December 2023, formalised a restructuring deal with official creditors last July, paving the way for talks with bondholders. Under the terms of that deal, bondholders would take a 15% write down on the principal amount through an exchange for a new $850 million bond maturing in mid-2029. “The OCC will continue to support the Ethiopian authorities in their efforts to reach an agreement comparable to the OCC’s debt treatment, and stands ready to engage in good faith with all parties to reach such an outcome,” it said. Separately, the International Monetary Fund, which provides calculations on Ethiopia’s debt levels, raised projections for export earnings and reserves. Ethiopia’s bond shed close to half a cent this Monday, to bid at 105.08 cents on the Dollar, Tradeweb data showed, extending its losses after the official creditors’ announcement on Friday.
Source:Ethiopian News
February 03, 2026 07:25 UTC
2025 commercial aircraft deliveries climb to 7-year high
Alongside higher deliveries, aircraft orders surged sharply. More widebody aircraft deliveries highlights scale of the recoveryWhile single-aisle aircraft continued to dominate overall volumes, the standout feature of the 2025 data was a sharp rebound in widebody activity. Record aircraft order backlog underpins UK aerospace sector valueFor the second consecutive year, the global aircraft backlog reached a record high. Photo: Joanna BaileyThe data covers reported commercial aircraft deliveries from Airbus, Boeing and Comac, with order and backlog figures based on Airbus and Boeing programmes. Commercial aircraft deliveries exceed industry expectations in 2025The 2025 delivery total surpassed ADS’s own most optimistic scenario for the year.
Source:Ethiopian News
February 03, 2026 01:40 UTC
Ethiopians “March Forward“ once again in Dubai at the 25th Dubai Marathon, presented by ASICS, by Race News Service
Ethiopians „March Forward“ once again in DubaiIf there’s a soundtrack to the annual Dubai Marathon, it is the Ethiopian national anthem; so frequently have athletes from the East African nation won the event. In making it six in a row for Ethiopian debutant men in Dubai, Melak’s victory was particularly impressive. If Melak was following a tradition, albeit recent of debutant winners in Dubai, Dessie exhibited a habit that many athletes can only envy. Nibret Melak ETH 2:04:002. Anchinalu Dessie ETH 2:18:312.
Source:Ethiopian News
February 02, 2026 23:13 UTC
Ethiopian rebel leader rejects claims of targeting civilians
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Source:Ethiopian News
February 02, 2026 13:13 UTC
Africa’s biggest dam turns Ethiopia into a regional power hub, lifting capacity to 9.6GW
With national installed power capacity now reaching 9.6 gigawatts, the dam is transforming Ethiopia from a power-constrained economy into an emerging regional electricity hub, supplying energy to domestic industry while expanding cross-border power connectivity across the Horn of Africa. Water and Energy Minister Habtamu Iteffa said the GERD has become a catalyst for Ethiopia’s development drive, doubling national power generation capacity and strengthening electricity connectivity across the Horn of Africa. From geopolitical dispute to power surplusena.et/web/eng/w/eng_4667556According to Habtamu, the completion of the GERD has increased Ethiopia’s installed power capacity to 9.6 gigawatts, with 1.1 gigawatts generated in the past six months alone. ADVERTISEMENTThe power surplus is also reshaping Ethiopia’s regional role. Officials say this growing energy connectivity is turning the GERD from a national project into a regional economic asset.
Source:Ethiopian News
February 02, 2026 11:40 UTC
UK, Ethiopia Forge New Anti-Migration Pact
On her visit, the Foreign Secretary will put job creation at the heart of this effort - cutting off push factors driving people to migrate. She will sign a Joint Development Agreement to take forward 2 energy transmission projects totalling over $400 million developed by Gridworks - a British International Investment company that delivers UK investment across Africa. The Foreign Secretary, Yvette Cooper, said:We are forging new partnerships with countries across Africa and delivering long term solutions. In meetings with the Ethiopian Government, the Foreign Secretary discussed the important role which Ethiopia can play in resolving regional security challenges peacefully and diplomatically. Additional informationIn Ethiopia, the Foreign Secretary will also announce:
Source:Ethiopian News
February 02, 2026 11:13 UTC
Oromo Liberation Army denies its fighters target civilians
Hunted by government drones, Oromo Liberation Army (OLA) commander Jaal Marroo denies his fighters target civilians. Yet, as a hidden humanitarian crisis deepens, international investigators accuse both sides of atrocities, leaving millions trapped in a deadly stalemate. While the government claims military gains and returns of displaced people, abductions and banditry plague the region, with civilians paying the highest price. The roots of grievanceThe conflict stems from deep-seated Oromo grievances of political and economic marginalization within Ethiopia’s ethnic federal system—a sentiment persisting despite Prime Minister Abiy Ahmed being Oromo himself. With the war hidden and a path to peace unclear, civilians remain caught in a devastating crossfire.
Source:Ethiopian News
February 02, 2026 10:32 UTC
Dalai Lama wins first Grammy at 90 — a moment to remember
“Sometimes the process of spending literally thousands of dollars on the privilege of flying, attending, marketing and getting sucked into the machine, hugely anxious about outfits and red carpets, starting to hope to win and then not winning (again and again!) can take a toll. There is always a bigger mainstream artist dropping into our global categories who has MORE money to spend on marketing; there is always an artist who chooses to spend months networking, attending nominee events and ensuring their music and name lands in front of voters. I don’t say this from bitterness, but just to acknowledge what the behind-the-scenes reality can be. If tonight, I happen to win for the first time, of course, it will be a joyful experience, but I truly, truly believe it doesn’t matter in a deeper context."
Source:Ethiopian News
February 02, 2026 08:14 UTC
Destruction at Quetta police station following militant attack, Baluchistan head reacts to incident
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Source:Ethiopian News
February 02, 2026 08:12 UTC
Ethiopian rebel leader rejects accusations of targeting civilians in rare interview from hideout
But according to Jaal Marroo, the leader of the Oromo Liberation Army, historic injustices against the Oromo people persist in modern-day Ethiopia. Speaking to The Associated Press in a rare interview from his remote forest outpost in southern Ethiopia, Marroo said his goal is to establish a democratic political order. Ethiopian rebel leader rejects accusations of targeting civilians in rare interview from hideoutOromia is Ethiopia’s country’s biggest state, with 35% of the population and the Federal Republic’s capital, Addis Ababa. Speaking to The Associated Press in a rare interview from his remote forest outpost in southern Ethiopia, Marroo said his goal is to establish a democratic political order. Meanwhile, the people of Oromia state continue to suffer because of the conflict.
Source:Ethiopian News
February 02, 2026 08:10 UTC
Foreign Secretary visits Ethiopia in bid to halt illegal migration
Foreign Secretary visits Ethiopia in bid to halt illegal migrationBritain will help Ethiopia to create more homegrown jobs in an effort to stop its people from making small boat crossings to the UK, Yvette Cooper has said. In her first visit to Africa as Foreign Secretary, Ms Cooper set out action to drive down the number of migrants arriving in the UK from Ethiopia and neighbouring nations. The region, known as the Horn of Africa, also includes Eritrea, Somalia and Sudan, and has become a key source of illegal migration towards the UK according to the Foreign Office. Elsewhere, the Foreign Secretary held discussions with the Ethiopian authorities on joint efforts to tackle the criminal gangs organising migration from the Horn of Africa into Europe and the UK. An ongoing civil war in Sudan is among the regional conflicts which have led to millions of people being displaced, and which are acting as a driver for illegal migration.
Source:Ethiopian News
February 02, 2026 07:39 UTC
Safaricom Ethiopia Surpasses 12 Million Users as M-PESA Adoption Grows
#Telecoms Safaricom Ethiopia Surpasses 12 Million Users as M-PESA Adoption Grows The company closed the quarter with 12.2 million three-month active customers, representing a 71.7 percent year-on-year increase. Mobile data usage continued to rise, with three-month active data customers reaching 9.8 million and average data consumption per user increasing to 6.8GB during the quarter. The Safaricom Ethiopia Foundation complements this by supporting inclusive development in education, health, agriculture, economic empowerment, and disaster response to ensure connectivity translates into social impact. The recognition was presented to the company’s CEO, Wim Vanhelleputte, by Ethiopia’s President, Taye Atske Selassie, and reflects Safaricom Ethiopia’s compliance with national quality standards. Safaricom Ethiopia said it will continue to invest sustainably while working with regulators and partners to ensure broader participation in the digital economy.
Source:Ethiopian News
February 02, 2026 07:08 UTC
Ethiopian PM inaugurates Chinese-built wind farm project
Aysha II Wind Power Plant in Somali Regional State, Ethiopia. /Dongfang Electric CorporationEthiopian Prime Minister Abiy Ahmed on Saturday inaugurated the first phase of the Aysha II Wind Power Plant in Somali Regional State, stressing that clean energy development is central to the country's long-term economic transformation. The government will shortly launch two wind farm projects in nearby areas, with generating capacity of 300 MW and 350 MW of electricity, respectively," Balcha said. Upon completion, the Aysha II Wind Power Plant will feature a total of 48 wind turbines, 32 of which are already operational, with each generating 2.5 MW of electricity. "Each windmill at the Aysha II wind power project has a generating capacity of 2.5 MW at maximum, which is at least one MW higher than the generating capacity of each windmill at other wind farms in the country," Mekonnen said.
Source:Ethiopian News
February 02, 2026 06:59 UTC