World Bank asses its $15 billion projects in Ethiopia
The World Bank and the Government of Ethiopia concluded assessment of the implementations of the 43 projects in…
Ethiopia Ministry of Finance
Ethiopia proposes over 801 billion Birr annual budget
The Ministry of Finance of Ethiopia proposed 801.65 billion Birr annual budget for 2016 Ethiopian Calendar that begins…
France to help Ethiopia restore Lalibela Churches
The Ministry of Finance of Ethiopia and the Agence Française de Développement (AFD) signed today a 260 000…
Ethiopia takes another step to establish security exchange
The Ministry of Finance of Ethiopia, the new state enterprise Ethiopian Investment Holding (EIH), and FSD Africa today…
Ethiopia postpones privatization of Ethio Telecom
The Ministry of Finance of Ethiopia said it has decided to postpone it plan of partial privatization of…
Ethiopia to import 12.5 million liters of cooking oil
With the aim of stabilizing prices of major consumer goods, the Government of Ethiopia has purchased from abroad…
Ethiopia invites bidders to partially privatize Ethio Telecom
The Government of Ethiopia today invited foreign investors interested to buy partial share of the state-owned telecommunications service…
Safaricom CEO meets Ethiopian official
Safaricom Ethiopia PLC CEO, Anwar Soussa today meets with Ethiopia’s State Minister of Finance Dr. Eyob Tekalign.
Ethiopia secures half a billion dollar to enhance safety net
The World Bank and the Government of Ethiopia inked this morning a $512.5 million loan and grant agreement,…
Ethiopia to help vandalized investments recovery
The Government of Ethiopia is preparing a recovery package that will help businesses vandalized by mobs came out…
Ethiopia distributes 96 billion Birr new currency notes
The National Bank of Ethiopia said it has distributed over 96 billion Birr (about $2.6 billion) valued new…
Ethiopia suspends Ethiopian Airlines privatization
The Ministry of Finance of Ethiopia said it has suspended the partial privatization of the fully state owned…
Ethiopia secures $4 billion project financing from abroad
The Government of Ethiopia has obtained close to 142.3 billion birr (about $3.95 billion) external financing for its…
Ethiopia increases budget by 7 percent
NEWS – The Ministry of Finance of Ethiopia today presented a draft national budget of 476 billion birr…
Ethiopia injects $98 million into hospitality industry
The Government of Ethiopia has provided 3.3 billion birr (about $98 million at current exchange rate) stimulus money…
IMF to provide seven-fold finance to Ethiopia
Supporting Ethiopia’s home–grown economic reform, the International Monetary Fund (IMF) has agreed with Ethiopian government at technical level…
Ethiopia’s debt surpasses $52 billion
Ethiopian government total debt from foreign and local lenders surpasses $52.3 billion, the Ministry of Finance of Ethiopia…
EU grants 33 million euros to Ethiopia
The European Union (EU) is set to provide 33.5 million euros grant to the Government of Ethiopia for…
Ethiopia to boost excise tax income by a billion dollars
The Government of Ethiopia is set to boost its annual income from excise tax every year by around…
Ethio Telecom gets priority for privatization
Ethio Telecom, the state monopoly telecom service provider in Ethiopia is set to be among the first state…
Ethiopia to launch $800 million solar project bids
The Ministry of Finance of Ethiopia is set to launch an international bid for the construction of six…