Ethiopia spent one billion USD for fertilizers import
The Government of Ethiopia has spent one billion US dollars for importing fertilizers during the current budget year, said the Ministry of Agriculture of Ethiopia.
World Bank approves $300 million grant to Ethiopia
To help Ethiopia address these challenges, the World Bank has approved a $300 million International Development Association (IDA) grant for the Response-Recovery-Resilience for Conflict-Affected Communities in Ethiopia Project.
US special envoy to arrive Ethiopia today
The Special Envoy for the Horn of Africa David Satterfield and Deputy Special Envoy Payton Knopf will arrive in Ethiopia today April 13 for meetings with Ethiopian government officials.
Debt financing makes difficult Africa’s recovery from COVID-19
The crippling cost of debt financing for many developing countries has hamstrung their recovery from the COVID-19 pandemic, forced cutbacks in development spending, and constrained their ability to respond to further shocks,…
IMF advises international tax coordination curb carbon emissions
World Economic Outlook report released today by the International Monetary Fund (IMF), calls for international tax coordination curb carbon emissions and mitigate change.
Ethio Telecom appoints five exclusive Internet resellers
Ethio Telecom on Monday signed a three-year exclusive contractual agreement with five companies to resell its Internet service for the coming three years.
Drought displaces 745,000 people in Somalia
Three-quarters of a million people have now been forced from their homes by worsening drought in Somalia. With famine looming, and conflict in Ukraine driving up food costs, the situation is at…
African Development Bank, African Union signed capacity building deal
African Union Commission and African Development Bank on Monday signed the protocol of agreement for the African Union Institutional Capacity Building Project in Addis Ababa, Ethiopia.
Ethiopian Airlines resumes flights to Bengaluru, India
Ethiopian Airlines, Africa’s best airline and the largest aviation group in Africa, has announced the resumption of thrice weekly passenger flights to Bengaluru, India as of 27 March 2022.
Accra set to host next African Development Bank annual meeting
Ghana is set to host the African Development Bank Group’s 2022 Annual Meetings from 23-27 May in its capital, Accra, AfDB said.
Ethiopia conflict causes 10 percent decline in school enrolment
The ongoing conflict and war in the northern part of Ethiopia has led to 9.8 percent decline in primary and middle school enrollment last budget year of Ethiopia 2020/21 – concluded July…
Free trade area can increase intra-African trade 40 percent
The African Continental Free Trade Area (AfCFTA) will boost intra-African trade by around 40%, with substantial benefits to the transport sectors, according to the latest estimates by the UN agency, the Economic…
Brazil keen on cementing ties with Ethiopia
Ambassador Extraordinary and Plenipotentiary of Ethiopia to Brazil Ambassador Tafa Tulu Dadi paid a courtesy call on the Ambassdor of Brazil in Ethiopia on Friday, Ambassador Luiz Eduardo in Addis Ababa.
Ethnic federalism in Ethiopia breeds corruption
By Addis G. Tadesse- Ethiopia today is beset by numerous security, economic and political crisis – problems that are pushing the horn of Africa nation of 120 million people to the brink…