The capital-raising share offer aims to raise KES 106.3 billion ($825 million). The offer opened on 19 January and closes at 5pm on 19 February. The share price has been set at KES 9 each (nominal value KES 0.02 each), with over 11.8bn shares on sale. It is a monopoly with an extensive pipeline network linking Mombasa port to major consumption centres across Kenya country, including Nairobi and western Kenya. Since then the Kenyan shilling has depreciated against the USD so the historic Safaricom IPO is still larger than the current KPC IPO when measured in equivalent US dollars.
Source:Ethiopian News
February 09, 2026 23:00 UTC
FILE - Ethiopian Prime Minister Abiy Ahmed Ali attends a session at the World Atomic Week forum at the Exhibition of Achievements of National Economy (VDNKh) in Moscow. Tensions are rising in the Horn of Africa after Eritrea forcefully rejected Ethiopian claims that its troops are operating inside Ethiopian territory. Eritrea’s Information Minister says the allegations were part of a hostile campaign against his country and insisted Eritrea has no desire to escalate tensions. Eritrea gained independence from Ethiopia in 1993, but the countries later fought a brutal border war that killed tens of thousands. Although Prime Minister Abiy Ahmed once pursued peace, earning a Nobel Prize, the alliance fractured after the Tigray war, which killed at least 600,000 people.
Source:Ethiopian News
February 09, 2026 14:43 UTC
NAIROBI, Feb 9 (Reuters) - Eritrea on Monday rejected accusations by Ethiopia that it was responsible for military aggression and was backing armed groups inside Ethiopian territory as "false and fabricated", calling the claims part of a hostile campaign by Addis Ababa. Ethiopia's foreign minister had accused neighbouring Eritrea over the weekend of military aggression and of supporting armed groups inside Ethiopian territory, where recent clashes between Tigrayan forces and Ethiopian troops have raised fears of a return to war. "The patently false and fabricated accusations against Eritrea issued by Ethiopia’s Foreign Minister yesterday is astounding in its tone and substance, underlying motivation, and overarching objective," the ministry of information said in a statement. The two longstanding foes waged war against each other between 1998 and 2000, signing a peace deal in 2018. They were allies during Ethiopia's two-year war against regional authorities in the northern Tigray region, but relations between the two nations have plunged into acrimony since then.
Source:Ethiopian News
February 09, 2026 11:42 UTC
Ethiopia has accused neighbouring Eritrea of military aggression and of supporting armed groups operating inside Ethiopian territory, signalling a sharp deterioration in relations between the two former allies. He called for the immediate withdrawal of Eritrean forces and an end to all cooperation with armed groups operating inside Ethiopia. Ethiopia and Eritrea fought a bloody border war between 1998 and 2000 before signing a peace deal in 2018. In the letter, Gedion warned of the risk of further escalation, citing what he described as joint military manoeuvres between Eritrean forces and Ethiopian armed groups near the northwestern border. Despite the sharp accusations, Gedion said Ethiopia remained open to dialogue, provided Eritrea respected its territorial integrity.
Source:Ethiopian News
February 09, 2026 10:10 UTC
In recent months, Addis Ababa has accused Eritrea of supporting rebel fighters on Ethiopian soil. Ethiopia’s foreign minister has accused neighbouring Eritrea of military aggression and of supporting armed groups inside Ethiopian territory, amid growing tensions between the neighbours. In recent months, Addis Ababa has accused Eritrea of supporting rebel fighters on Ethiopian soil – allegations Asmara denies. “The incursion[s] of Eritrean troops further into Ethiopian territory … are not just provocations but acts of outright aggression,” his letter said. Timothewos demanded that Asmara “withdraw its troops from Ethiopian territory and cease all forms of collaboration with rebel groups”.
Source:Ethiopian News
February 08, 2026 18:50 UTC
Sign up now: Get ST's newsletters delivered to your inboxFILE PHOTO: Ethiopian Foreign Minister Gedion Timothewos attends a joint press conference with Russian Foreign Minister Sergei Lavrov following their meeting in Moscow, Russia October 21, 2025. REUTERS/Shamil Zhumatov/Pool/File PhotoADDIS ABABA, Feb 8 - Ethiopia's foreign minister has accused neighbouring Eritrea of military aggression and of supporting armed groups inside Ethiopian territory, according to a letter seen by Reuters and verified by the foreign ministry. "The incursion of Eritrean troops further into Ethiopian territory... are not just provocations but acts of outright aggression," the letter said, calling for the immediate withdrawal of Eritrean forces and an end to all cooperation with armed groups. Gedion said recent developments pointed to "further escalation," citing joint military manoeuvres between Eritrean forces and Ethiopian armed groups near the northwestern border. In his letter, Gedion said Ethiopia remained open to dialogue if Eritrea respected its territorial integrity.
Source:Ethiopian News
February 08, 2026 18:36 UTC
When taken for body scan, he tested positive for ingesting illicit drug and was promptly placed under excretion observation. Acting on intelligence, the NDLEA officers searched the yogurt packs, some of which were used to conceal wraps of white powdery substance that tested positive to methamphetamine weighing 1.8 kilograms. In Oyo state, NDLEA officers on Thursday, 5th February arrested a Beninoise Shuaibu Abdulrahman, 29, at Ibudo-Igboho village, Sooro Kishi, where they recovered 149.6kgSkunk concealed in rice shafts. In Kwara state, NDLEA operatives on Saturday 7th February intercepted a fuel tanker conveying petrol from Lagos to Maiduguri, Borno state. A suspect Adekunle Oluwatosin Olajide was on Wednesday 4th February arrested at Lagos Island by NDLEA operatives who recovered 3.6 kilograms of Canadian Loud and Colorado from him.
Source:Ethiopian News
February 08, 2026 15:43 UTC
En Route to Sudan, Prime Minister Meets Sudan’s Ambassador to Ethiopia and AU RepresentativePort Sudan, February 8, 2026 (SUNA) – En route back to Sudan, Prime Minister Professor Kamil Idris met at Addis Ababa Airport with Sudan’s Ambassador to Ethiopia and Permanent Representative to the African Union (AU), Al-Zein Ibrahim.The meeting reviewed prospects for strengthening Sudanese-Ethiopian relations and included a briefing on the situation of the Sudanese community and Sudan’s presence within the mission’s jurisdiction. The Prime Minister commended the embassy’s role in this regard.The Prime Minister also received a report on the mission’s activities and its engagement with member states of the AU Peace and Security Council during this sensitive period. He stated that lifting the suspension of Sudan’s participation in the African Union would enhance the country’s ability to engage effectively in African forums, as a founding and leading state in the region with significant contributions to the continent’s history.BH/BH
Source:Ethiopian News
February 08, 2026 15:26 UTC
Collected photoADDIS ABABA, Feb 8, 2026 (BSS/AFP) - A bitter war of words has escalatedfurther after Ethiopia ordered neighbouring Eritrea to "immediately withdrawits troops" from Ethiopian territory, with the pair seemingly inching towardsa new conflict. He demanded that Asmara "withdraw its troops from Ethiopian territory andcease all forms of collaboration with rebel groups". Eritrea, one of the world's most closed countries, gained independence in1993 after decades of armed struggle against Ethiopia. Ethiopian authorities say Eritrea is "actively preparing for war" and fundingarmed groups fighting federal forces. Eritrea meanwhile accuses Ethiopia of seeking to seize its port at Assab aspart of the landlocked country's efforts to gain sea access.
Source:Ethiopian News
February 08, 2026 14:33 UTC
This integration creates a seamless link between the airline’s reservation systems and the operational and financial systems of travel agencies. These advancements will benefit travel agencies by allowing them to process transactions faster and more accurately. The Ethiopian Airlines partnership with Nucore highlights the ongoing importance of agencies in the travel ecosystem and the need for airlines to strengthen their technological compatibility with these partners. As Ethiopian Airlines continues to improve its service offerings and expand its reach, the impact on travel and tourism will be substantial. Transforming Travel with Digital IntegrationThe partnership between Ethiopian Airlines and Nucore Technologies represents a significant step in modernizing air travel distribution and operations in Africa.
Source:Ethiopian News
February 08, 2026 10:22 UTC
At the same time, global supply chains are under pressure from conflict, pandemics, regulatory shifts and decarbonization demands. Stéphane Graber: The congress should not be viewed merely as a standalone event; rather, it represents a continuum and a journey leading up to the congress itself. In reality, we need to see the congress as part of a three-year journey in which FIATA is actively engaged and committed to the country, working alongside key players and leading various projects. Capital: Global supply chains are currently vulnerable to various disruptions. These alternatives are vital because they ensure that in the event of a blockage, options are available.
Source:Ethiopian News
February 08, 2026 07:22 UTC
Energy Capacity and Grid StabilityAs of February 2026, the Ethiopian energy sector has entered a significant phase of capacity expansion. This resource is no longer theoretical; it is actively being integrated into the national energy mix through established sites at Adama I and II, Ashegoda, and the recent additions at Aysha II and Asela. This regional energy market is not merely a source of foreign exchange; it is an instrument for regional stability, anchoring the Horn of Africa through shared infrastructure and economic interests. A New Era of Leadership: Powering the Regional FutureEthiopia’s clean energy sector is no longer a dream of the distant future; it is the engine of the present. Currently the Corporate Communication Director and Spokesperson for Ethiopian Electric Power (EEP), he leverages his deep editorial background to lead the narrative on Ethiopia’s energy sovereignty.
Source:Ethiopian News
February 08, 2026 07:22 UTC
Pope Francis voiced his distress at the news of a reported mass execution of Ethiopian Christians in Libya at the hands of ISIS, pleading that their deaths may not go ignored. “The blood of our Christian brothers and sisters is a testimony which cries out to be heard by everyone who can still distinguish between good and evil. The Islamic State – also known as ISIS – has taken over parts of Iraq and Syria in recent months. The militant terror group has established a caliphate and carried out mass persecutions of minority populations, primarily Christians and Yazidis. “It makes no difference whether the victims are Catholic, Copt, Orthodox or Protestant,” Pope Francis said in his message.
Source:Ethiopian News
February 07, 2026 23:57 UTC
Thirty-one families that lost relatives in two fatal crashes of Boeing 737 Max jetliners asked a federal appeals court this week to revive a criminal case against the aircraft manufacturer. PREVIOUS COVERAGE | Jury awards $28M to family of woman killed in Boeing 737 Max crashOn Thursday, Paul Cassell, a lawyer for the families, urged a three-judge panel of the 5th U.S. Boeing attorney Paul Clement said that more than 60 families of crash victims "affirmatively supported” the deal, and dozens more did not oppose it. “Boeing deeply regrets” the tragic crashes, Clement said, and “has taken extraordinary steps to improve its internal processes and has paid substantial compensation" to the victims' families. The case centered around a software system that Boeing developed for the 737 Max, which airlines began flying in 2017.
Source:Ethiopian News
February 07, 2026 17:04 UTC
It’s been a while since there has been a kosher Ethiopian restaurant in Jerusalem, and entering the small area of Haset on the edge of Mahaneh Yehuda is like entering a home in Ethiopia. Haset, which opened in August, is a welcome place for anyone who has wanted to try Ethiopian food. A vegetarian meal costs NIS 65. A meal that includes doro watt, an Ethiopian chicken stew, costs NIS 95. The stir-fried beef meal costs NIS 80, and a combination including everything costs NIS 140.
Source:Ethiopian News
February 07, 2026 15:08 UTC