Addis Abeba — The African Development Bank Group (AfDB) has signed an agreement with Ethiopian Airlines Group to mobilize $8 billion for the construction of Bishoftu International Airport, which is set to become Africa’s largest airport upon completion. A ceremonial signing to formalize the arrangement was held in Addis Abeba today, attended by Lemma Yadecha,…
Despite the rebasing of Nigeria’s Gross Domestic Production (GDP), the country still retains its position as the fourth largest economy in terms of Nominal terms. According to the National Bureau of Statistics (NBS), the country’s economy was worth N372.82 trillion in 2024. Using the current N1,529.53 per dollar, this, the economy is $243,526,768,148.72 (billion) in…
The Defense Department will become the largest shareholder in rare earth miner MP Materials after agreeing to buy $400 million of its preferred stock, the company said Thursday. MP Materials owns the only operational rare earth mine in the U.S. at Mountain Pass, California, about 60 miles outside Las Vegas. Proceeds from the Pentagon investment…
Addis Ababa, — Preparations are underway for the official inauguration of the Grand Ethiopian Renaissance Dam (GERD), the largest hydroelectric power plant in Africa, Prime Minister Abiy Ahmed said. Responding to questions by members of the parliament today, the prime minister said “the Grand Ethiopian Renaissance Dam (GERD) is now complete, and we are preparing…
Cox’s Bazar, Bangladesh – The sound of children at play echoes through the verdant lanes of one of the dozens of refugee camps on the outskirts of Cox’s Bazar, a densely populated coastal town in southeast Bangladesh. Just for a moment, the sounds manage to soften the harsh living conditions faced by the more than one…
Made from more than 1 100 images captured by NSF-DOE Vera C Rubin Observatory, this image contains an immense variety of objects, demonstrating the broad range of science Rubin will transform with its 10-year Legacy Survey of Space and Time. The image includes about 10 million galaxies, roughly 0.05% of the approximately 20 billion galaxies Rubin…
Nice, France — While the island states in the Pacific may be modest, the ocean that surrounds them represents a huge oceanic state–an area equivalent to the entire European Continent. And for the first time, 22 Pacific Island countries and territories have pledged to manage 100 percent of the Blue Pacific Continent sustainably and protect…
