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2 weeks ago | 
furtherafrica.com | Liya Bekele
Africa has marked a major milestone in its energy transition journey with the launch of a new $40 billion Africa Energy Fund, unveiled at the Mission 300 Africa Energy Summit in Dar es Salaam. The ambitious initiative aims to provide 300 million people across the continent with access to cleaner and more reliable energy by 2030.
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2 weeks ago | 
furtherafrica.com | Liya Bekele
Ethiopian Airlines, Africa’s largest carrier, has announced the signing of a Memorandum of Understanding (MoU)with Safran Seats for the provision of Z400 economy class seats for its upcoming fleet of eight Boeing 777-9 aircraft. The agreement was formalised at the Aircraft Interiors Exhibition in Hamburg, a leading global event for aviation interior solutions, Ethiopian Airlines confirmed in a statement issued today.
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2 weeks ago | 
furtherafrica.com | Liya Bekele
Tanzania is embarking on a transformative journey to revitalise its tea industry, aiming to boost production, enhance farmer incomes, and cement its position as a leading player in the global tea market. Through a combination of ambitious government initiatives, strategic partnerships, and private sector investments, the country is setting the stage for a tea industry renaissance.
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2 weeks ago | 
furtherafrica.com | Liya Bekele
Ahmed Shide, Ethiopia’s Minister of Finance, has reaffirmed that the Ministry is effectively fulfilling its responsibilities in implementing the country’s macroeconomic reform programme. The statement was made during a field visit by the House of Peoples’ Representatives (HoPR) Standing Committee for Plan, Budget, and Finance Affairs, which reviewed the Ministry’s eight-month performance.
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2 weeks ago | 
furtherafrica.com | Liya Bekele
Africa’s steel industry is undergoing a major transformation, propelled by rising demand, increased infrastructure development, and a surge in foreign investment—particularly from China. In 2024, the continent’s steel market reached 39.49 million tonnes and is projected to grow at a compound annual growth rate (CAGR) of 3.1%, reaching 51.86 million tonnes by 2034.
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2 weeks ago | 
furtherafrica.com | Liya Bekele
Zambia is stepping up its drive towards universal energy access, partnering with leading international organisations to deliver off-grid solar solutions to 8.5 million citizens by 2030. Leveraging partnerships with the World Bank, the Common Market for Eastern and Southern Africa (COMESA), and the Africa Minigrid Development Association (AMDA), the Government of Zambia aims to decentralise energy access and bring clean electricity to even the most remote communities.
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2 weeks ago | 
furtherafrica.com | Liya Bekele
Brazilian aerospace giant Embraer and South African state-owned defence firm Denel have announced a strategic partnership to enhance the KC-390 Millennium military transport aircraft, marking a significant development in global defence collaboration. The KC-390 Millennium, celebrated for its 99% mission success rate, is a next-generation multi-mission aircraft designed to perform a wide range of operations including cargo transport, troop deployment, humanitarian missions, and aerial refuelling.
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3 weeks ago | 
furtherafrica.com | Liya Bekele
Agriculture lies at the heart of Africa’s economy, employing between 65% and 70% of the continent’s labour force and contributing up to 40% of GDP, according to the World Bank. Yet, despite their vital role—accounting for 43% of the agricultural workforce in developing countries—women remain largely underrepresented at the commercial level.
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3 weeks ago | 
furtherafrica.com | Liya Bekele
The establishment of the Africa Energy Bank (AEB) is moving forward rapidly, with Nigeria, Angola, and Ghana fulfilling their capital commitments and contributing to what is expected to become Africa’s premier financing institution for oil and gas projects. Announced by Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization (APPO), the update was shared during the Congo Energy & Investment Forum on 1 April 2025.
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3 weeks ago | 
furtherafrica.com | Liya Bekele
Ethiopia is making significant strides in economic self-reliance, successfully substituting $2.7 billion worth of imported goods with domestically produced alternatives in the first eight months of the current fiscal year, which began on 8 July 2024. This achievement reflects the government’s strategic push to strengthen local manufacturing, reduce dependence on foreign imports, and mitigate chronic foreign currency shortages.
