Ethiopia Ministry of Finance – New Business Ethiopia

Ethiopia invites bidders to partially privatize Ethio Telecom

September 14, 2021September 14, 2021BEHAK

The Government of Ethiopia today invited foreign investors interested to buy partial share of the state-owned telecommunications service provider, Ethio Telecom.

Safaricom CEO meets Ethiopian official

July 30, 2021July 30, 2021BEHAK

Safaricom Ethiopia PLC CEO, Anwar Soussa today meets with Ethiopia’s State Minister of Finance Dr. Eyob Tekalign.

Ethiopia to help vandalized investments recovery

October 19, 2020October 19, 2020NBE

The Government of Ethiopia is preparing a recovery package that will help businesses vandalized by mobs came out to streets in many towns of Oromia region after the assassination of famous Oromo singer Hachalu Hundessa a few months ago.

Ethiopia distributes 96 billion Birr new currency notes

October 17, 2020NBE

The National Bank of Ethiopia said it has distributed over 96 billion Birr (about $2.6 billion) valued new currencies notes since the country began replacing the old currency with the new ones.

Ethiopia suspends Ethiopian Airlines privatization

October 13, 2020October 13, 2020NBE

The Ministry of Finance of Ethiopia said it has suspended the partial privatization of the fully state owned Africa’s most profitable aviation group – Ethiopian Airlines.

Ethiopia secures $4 billion project financing from abroad

August 29, 2020August 29, 2020NBE

The Government of Ethiopia has obtained close to 142.3 billion birr (about $3.95 billion) external financing for its different projects and programs during the budget year concluded July 7, 2020, the Ministry of Finance said.

Ethiopia increases budget by 7 percent

June 12, 2020June 12, 2020

NEWS – The Ministry of Finance of Ethiopia today presented a draft national budget of 476 billion birr (about $13.9 billion) for the next budget year of Ethiopia which begins July 8, 2020.

Ethiopia injects $98 million into hospitality industry

May 14, 2020May 14, 2020

The Government of Ethiopia has provided 3.3 billion birr (about $98 million at current exchange rate) stimulus money to the hospitality industry to help the businesses engaged in hotel and tourism navigate through COVID-19 hardship.

IMF to provide seven-fold finance to Ethiopia

December 11, 2019December 14, 2019newbusinessethiopianews

Supporting Ethiopia’s home–grown economic reform, the International Monetary Fund (IMF) has agreed with Ethiopian government at technical level to provide the latter 700% more than its quota.

Ethiopia’s debt surpasses $52 billion

July 1, 2019July 1, 2019

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

EU grants 33 million euros to Ethiopia

May 9, 2019May 11, 2019

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