Economy – New Business Ethiopia

Ethiopia eyes becoming Africa’s prosperity icon by 2030

September 9, 2019September 10, 2019 newbusinessethiopia

The government of Ethiopia has launched a homegrown economic reform, which will propel the country to become Africa’s prosperity icon by 2030.

Ethiopia’s bewildering economics

August 29, 2019 newbusinessethiopia

By Tesfu Telahoun Abebe – Third world economies frequently operate on what seems like a parallel level to established and emerging markets. This situation is frequently cited as being a major determining factor for why so few developing countries gain acceptance to the WTO.

Ethiopia’s debt surpasses $52 billion

July 1, 2019July 1, 2019 newbusinessethiopia

Ethiopian government total debt from foreign and local lenders surpasses $52.3 billion, the Ministry of Finance of Ethiopia said.

Angola sink deeper into debt

October 30, 2018October 30, 2018 newbusinessethiopia

Angola’s is failing to control its foreign and domestic debt which is estimated at nearly $80 billion despite being the second largest oil producing country in Africa and the continent’s third strongest economy.

Eastern Africa gets strategy to accelerate economic transformation

October 12, 2018October 12, 2018 newbusinessethiopia

The African Development Bank has approved the East Africa Regional Integration Strategy Paper (RISP) laying out the roadmap for accelerating regional integration in the Region with regional infrastructure development among the main pillars of the plan.

Africa Development Bank releases diagnose, fragility assessment tool

September 13, 2018 newbusinessethiopia

The African Development Bank has created and refined a new tool to diagnose fragility in countries, taking into account their capacities and pressures they may be under.

Ministers call for bold action to drive Africa free trade

May 12, 2018May 13, 2018 newbusinessethiopia

The potential for the African Continental Free Trade Area (AfCFTA) to become a powerful tool for driving industrialization, economic diversification and development has been highlighted at the start of the UN Economic Commission for Africa’s (ECA) Conference of Ministers in Addis Ababa (Ethiopia).

UN advises Ethiopia to pursue deeper regional integration

London to host debate on significance of Africa’s oceans

April 17, 2018April 17, 2018 newbusinessethiopia

The first Africa Blue Economy Forum (ABEF) is set to be held in London in the coming June, to coincide with World Oceans Day, the organizers said.

OIL & GAS

Ethiopia reveals more info on petroleum test production

by NBE February 11, 2020February 12, 2020Comments Off

The Government of Ethiopia reveals additional information on the recent petroleum test production in the eastern part of the country, near Hilala gas discovery site in Somali Region Ogaden area.

Ethiopia begins selling its gas produce in local market

by NBE February 4, 2020February 6, 2020Comments Off

The Government of Ethiopia has began selling its gas produce in the local market. During the first six months of Ethiopia’s current fiscal calendar which started July 8, 2019, the country has used about 1,650 barrels of crude oil produced locally.

South Sudan invites international companies for oil field audit

January 10, 2020January 10, 2020Comments Off

British company finds gas reserve in Ethiopia

May 6, 2019May 6, 2019Comments Off

Ethiopia drafts petroleum policy

April 20, 2019April 20, 2019Comments Off

Ethiopia to sell Calub gas via Djibouti pipeline

February 17, 2019February 17, 2019Comments Off

TRAVEL

Ethiopian mobile App hits 1 million downloads

by NBE February 21, 2020February 21, 2020Comments Off

The number of Ethiopian Airlines mobile App users has reached one million. With a robust and integrated digital strategy, Ethiopian has set an innovative approach to simplicity and seamless end-to-end customer experience with its user-friendly mobile App.