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The second generation of the Toyota Fortuner made its debut in Egypt in 2018 [citation needed], with the top trim receiving a facelift for the 2024 model year. [ clarification needed ] [ 65 ] The Fortuner comes in three grades as of the 2025 model year: the Smart 4×2, which has the 2.7-litre 2TR-FE engine, the Elegance 4×4, and the Sport trim ...
In East Africa, over 95% of cross-border trade is through unofficial channels and the unofficial trade of live cattle, camels, sheep and goats from Ethiopia sold to Somalia, Kenya and Djibouti generates an estimated total value of between US$250 and US$300 million annually (100 times more than the official figure). [86]
21–22 July – 2024 Gofa landslides: At least 257 people are killed in two landslides caused by heavy rains that strike two villages in Gofa Zuria, South Ethiopia Regional State. [12] [13] 22 July – Fano's Shewan Chief commander Colonel Asegid Mekonnen surrenders to the Ethiopian security forces. [14] [15]
The National Bank of Ethiopia (NBE) in 2008. On 29 July 2024, the National Bank of Ethiopia (NBE) relaxed restrictions on the value of the Ethiopian birr to secure a loan of $10.7 billion from the International Monetary Fund (IMF) and World Bank. [1]
The Ethiopian government has so far been unable to defeat Fano militarily, though Fano has been unable to capitalize on this politically due to its highly decentralized nature. [ 23 ] On 1 January 2025, Fano claimed to have killed Lieutenant Colonel Teka Mekebo Mohammed, the commander of the Ethiopian Army 's 48th Division, and a deputy ...
In late 1990s, the Office for Revision of Addis Ababa's Master Plan (ORAAMP) and National Urban Planning Institute (NUPI) were launched to analyze the economic status of the city. The city covered 29% of Ethiopia's GDP (59.5 Billions $ in 2024) and 20% of national urban development as of 2022. Commercial Bank of Ethiopia in Addis Ababa
More and more gold mines are being located, such as in the Afar region and in the Konso woreda in south western Ethiopia. [8] On 30 August 2012 it was announced that British firm Nyota Minerals was about to become the first foreign company to receive a mining licence to extract gold from an estimated resource of 52 tonnes in western Ethiopia. [9]
In exploiting geothermal energies, Ethiopia is piloting a way that was previously unknown to this country in the energy sector (which is otherwise entirely owned by the state): foreign direct investments with a full private ownership of power plants for 25 years with a power purchase agreement in place with a guaranteed price of US ¢7.53/kWh ...