Ethiopia Ministry of Finance – New Business Ethiopia

Ethiopia increases budget by 7 percent

June 12, 2020June 12, 2020 newbusinessethiopia economic growth, Ethio Telecom privatization, Ethiopia, Ethiopia Ministry of Finance, Ethiopia national budget, Ethiopia tax revenue

NEWS – The Ministry of Finance of Ethiopia today presented a draft national budget of 476 billion birr (about $13.9

Hospitality

Ethiopia injects $98 million into hospitality industry

May 14, 2020May 14, 2020 newbusinessethiopia Ethiopia, Ethiopia Ministry of Finance, hospitality industry, hotels in Addis Ababa, stimulus, tourist arrival

The Government of Ethiopia has provided 3.3 billion birr (about $98 million at current exchange rate) stimulus money to the

Economy

IMF to provide seven-fold finance to Ethiopia

December 11, 2019December 14, 2019 newbusinessethiopianews African Development Bank, Ethio Telecom, Ethiopia, Ethiopia Ministry of Finance, excise tax, home-grown economic reform, IMF, logistics modernization, Qatar, Saudi Arabia, stock market, treasury bill, World Bank

Supporting Ethiopia’s home–grown economic reform, the International Monetary Fund (IMF) has agreed with Ethiopian government at technical level to provide

Economy

Ethiopia’s debt surpasses $52 billion

July 1, 2019July 1, 2019 newbusinessethiopia debt, Economy, Ethiopia, Ethiopia Ministry of Finance, instability, political crisis

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

Finance

EU grants 33 million euros to Ethiopia

May 9, 2019May 11, 2019 newbusinessethiopia E, Ethiopia, Ethiopia Ministry of Finance, EU, EU grant, European Union

The European Union (EU) is set to provide 33.5 million euros grant to the Government of Ethiopia for EU-TRUST Fund

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