Ethiopia Launches 25-Year, $30.65 Billion Power Distribution Plan
Ethiopian Electric Utility has launched a distribution expansion and modernization roadmap estimating $30.65 billion in investment through 2049.
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Ethiopia Says Installed Power Capacity Has Surpassed 9,730 Megawatts
Ethiopia’s installed electricity generation capacity has exceeded 9,730 megawatts, Water and Energy Minister Habtamu Itefa said in an annual performance update.
Oil climbs above $100 as Red Sea and Gulf supply risks intensify
Brent crude rose above $100 a barrel on 23 July 2026 for the first time in two months as renewed Middle East fighting and reported Houthi attacks on Saudi tankers raised fears of deeper supply disruption.
US imposes new 10% to 12.5% tariffs on more than 80 trading partners
The Trump administration announced a new tariff regime covering more than 80 countries, replacing a temporary 10% global duty as fresh questions emerge over the legal authority for the levies.
Paramount agrees to delay Warner Bros. Discovery merger pending antitrust trial
Paramount Skydance agreed not to close its $111 billion Warner Bros. Discovery transaction until after an antitrust trial under a stipulation with state attorneys general.
UK pubs gained estimated £150m sales boost during 2026 World Cup
British pubs generated an estimated £150 million in extra sales and poured 30 million additional pints during the 2026 World Cup, industry figures show, though the gains were uneven across hospitality.
Rosebank oilfield preparations delayed after equipment falls to seabed
Rosebank oilfield preparations face delays after drilling equipment fell 1,100 metres to the seabed on April 18, with operator Adura now expecting production during 2027, subject to UK government approval.
Ethiopian industrial parks corporation reports 5.8 billion birr revenue
Ethiopia’s Industrial Parks Development Corporation says service revenue rose 42 percent in the past fiscal year as firms in its parks expanded exports and domestic sales.