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Ethiopia banks capital hikes by 8%

Ethiopia banks capital hikes 8%

January 10, 2019

The total capital of bank in Ethiopia has increased by around 8% to 85.7 billion birr (around $3.1 billion at the prevailing exchange rate) at the end of last Ethiopian fiscal year…

Saudi Arabia to pay $266 minimum salary to Ethiopian maids

Saudi to pay $266 minimum salary to Ethiopian maids

January 8, 2019

The governments of Saudi Arabia and Ethiopia have have reportedely reached consensus to make the minimum monthly salary of Ethiopian domestic workers in Saudi Arabia 1,000 Saudi Riyal (around $266).

Ethiopia generates $3 billion selling state enterprises

Ethiopia generates $3 billion selling state enterprises

January 4, 2019

By Andualem Sisay Gessesse – The government of Ethiopia has privatized 290 companies in 14 years from 1995-2015, according to the information obtained from the agency in charge of supervising and selling…

China expresses support to Ethiopia's reform

China expresses support to Ethiopia’s reform

January 4, 2019

Chinese Foreign Minister Wang Yi, who arrives Addis Ababa on Thursday for official visit, expressed his country’s support to the reform Ethiopia is currently undertaking.