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Ethiopia’s Bitcoin mining powers to 2.5% of the global hashrate, driven by investments from Chinese firms

2025-01-08 by EthioStockMarket.com Reporter

Ethiopia has emerged as a significant contributor to global Bitcoin mining … past 10 months from agreements with 25 Bitcoin mining companies, underscoring the sector’s economic potential.

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Ethiopia’s Bitcoin mining powers to 2.5% of the global hashrate, driven by investments from Chinese firms

2025-01-08 by EthioStockMarket.com Reporter

Ethiopia has emerged as a significant contributor to global Bitcoin mining … past 10 months from agreements with 25 Bitcoin mining companies, underscoring the sector’s economic potential.

Categories News Leave a comment

Ethiopia’s Bitcoin mining powers to 2.5% of the global hashrate, driven by investments from Chinese firms

2025-01-08 by EthioStockMarket.com Reporter

Ethiopia has emerged as a significant contributor to global Bitcoin mining … past 10 months from agreements with 25 Bitcoin mining companies, underscoring the sector’s economic potential.

Categories News Leave a comment

The African investment environment is at its worst in years

2025-01-08 by EthioStockMarket.com Reporter

Yet the architect of many of the reforms which attracted those institutions is concerned about the headwinds faced by African countries. Mamo Mihretu, Ethiopia’s central-bank governor, worries that …

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Ethiopia: Lawmakers Greenlight Foreign Banks’ Presence in Ethiopia

2025-01-08 by EthioStockMarket.com Reporter

He further emphasized that as Ethiopia embarks on steady economic growth, supporting and contributing to this development remains a core objective of the National Bank. The country’s digital …

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China-Ethiopia Friendship Relay Race to kick off, aiming to promote road safety awareness

2025-01-08 by EthioStockMarket.com Reporter

"By organizing the China-Ethiopia Friendship Relay Race, we are promoting not only high-quality infrastructure developments but also enhancing road safety and healthy life in Ethiopia …

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Ethiopia: In-Depth – Progress or Hardship?: How Ethiopia’s Economic Reforms Impact Low-Income Households Amid Inflation, Escalating Cost of Living

2025-01-08 by EthioStockMarket.com Reporter

For Lombebo Mulatu, a federal government worker in Addis Abeba, life has become an unrelenting battle against rising costs. Each month begins with a heart-wrenching decision: pay the rent or buy food.

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Ethiopia opens banking sector to foreign investment

2025-01-08 by EthioStockMarket.com Reporter

A $3.4 billion aid programme from the International Monetary Fund and $1.5 billion financing plan from the World Bank were held back until Ethiopia accepted the inevitable and liberalised the currency …

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How Ethiopia’s Low Energy Costs Allow BIT Mining to Recycle its Bitcoin Machines

2025-01-08 by EthioStockMarket.com Reporter

In fact, for Dr. Youwei Yang, chief economist at BIT Mining, Ethiopia’s ultra-low electricity costs provide the firm with a unique opportunity to extend the shelf life of its bitcoin mining rigs which …

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Lion Electric’s president resigns as EV bus manufacturer searches for cash

2025-01-08 by EthioStockMarket.com Reporter

The president of Canadian electric bus and truck manufacturer Lion Electric Co. resigned as the cash-poor company made a last-ditch attempt to stay afloat. Nicolas Brunet stepped down from the post he …

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Lucy Letby: Doctor at heart of new claims from nurse’s lawyers says they are ‘unsubstantiated, unfounded, inaccurate’

2025-01-08 by EthioStockMarket.com Reporter

The doctor at the heart of new claims from Lucy Letby’s lawyers has said they are "unsubstantiated, unfounded, inaccurate". The nurse’s new lawyer Mark McDonald said on Monday in a press …

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Rising ‘United States of Eurasia’ will need a development bank to support it

2025-01-07 by EthioStockMarket.com Reporter

From Eurasia’s vast potential to growing new development banks, emerging market economies are carrying more weight in a global economy Unlike the 50 states that make up the United States, the 93 …

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Ethiopian Airlines Continues To Transform Domestic Operations

2025-01-07 by EthioStockMarket.com Reporter

Ethiopian Airlines is continuing its efforts to upgrade the infrastructure of domestic airports with the inauguration of the newly built passenger terminal at Robe Wako Gutu Airport. The new airport …

Categories News Tags Ethiopian Airlines Leave a comment

Alaska Airlines flight lost a section of fuselage: Here’s how the investigation is going

2025-01-07 by EthioStockMarket.com Reporter

Boeing’s 737 MAX jets have had a series of issues since entering into service. Two MAX 8 planes, one operated by Lion Air in Indonesia and one by Ethiopian Airlines in Ethiopia, crashed within about …

Categories News Tags Ethiopian Airlines Leave a comment

66 Dead In Ethiopia Road Accident

2025-01-07 by EthioStockMarket.com Reporter

More than 60 people have died after a road accident in southern Ethiopia, the local health authority said on Sunday. Sidama state is in the south of Ethiopia, some 300 kilometres (180 miles …

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Aleph Hospitality solidifies market leadership in Ethiopia

2025-01-07 by EthioStockMarket.com Reporter

Dubai, UAE-/African Media Agency(AMA)/-Aleph Hospitality, the largest independent hospitality management company in the Middle East and Africa, has announced four new hotels in Ethiopia, further …

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How Ethiopia’s Low Energy Costs Allow BIT Mining to Recycle its Bitcoin Machines

2025-01-07 by EthioStockMarket.com Reporter

In fact, for Dr. Youwei Yang, chief economist at BIT Mining, Ethiopia’s ultra-low electricity costs provide the firm with a unique opportunity to extend the shelf life of its bitcoin mining rigs which …

Categories News Leave a comment

Mandatory digital ID for banking policy goes into effect in Ethiopia

2025-01-072025-01-07 by EthioStockMarket.com Reporter

The Ethiopian government policy requires the mandatory use of the national digital ID otherwise known as Fayda for banking transactions.

Categories News Tags Digital Bank ID, National Bank of Ethiopia Leave a comment

Africa’s largest aviation group announces new partnership

2025-01-07 by EthioStockMarket.com Reporter

Africa’s largest aviation group, Ethiopian Airlines, will partner with the Government of the Democratic Republic of the Congo (DRC) to establish Air Congo. The government of the DRC will hold a 51% …

Categories News Tags Ethiopian Airlines Leave a comment
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