Addis Ababa Job Creation and Enterprise Development Bureau said it has created job opportunities for 205,477 people during the first nine months Ethiopia’s current fiscal year started July 8, 2019.
The United States, through the U.S. Agency for International Development (USAID), and the Federal Ministry of Finance signed a new development partnership agreement this week worth more than $230 million.
The country level 12 months moving average food inflation rate in Ethiopia for the month of April 2020 has increased to 23.1 percent from 22.2 percent from the previous month, said Central Statistics Agency (CSA) of Ethiopia said in its monthly inflation update.
The economy of Ethiopia will shrink between 5.6 to 11 percent as a result of coronavirus (COVID-19) pandemic, stated a paper by the renowned Addis Ababa University Economics Professor Alemayehu Geda.
With the aim of helping the poorest countries fight against the spread of COVID-19, the International Monetary Fund (IMF) approved relief on debt service for 25 member countries including 19 in Africa.
As part of its analysis to inform COVID-19 policy responses, the UN Economic Commission for Africa (ECA), calls for adequate consideration of the vulnerability of city economies as African governments consolidate efforts and define stimulus measures to mitigate national and regional economic impacts.
Food inflation rate in Ethiopia has increased to 22.2 percent for the month of March 2020 from 20.9 percent the previous month, the state agency said.
As the leaders of the wealthiest nations begins their extraordinary summit this week, the Government of Ethiopia today appeals to the G20 to rescue African economies, which began feeling the catastrophic impacts of COVID-19 pandemic to the continent.
African finance ministers met in a virtual conference to exchange ideas on the efforts of their respective governments in dealing with the social and economic impacts of COVID-19, which disrupted global supply chain and hindered movement of people across the world.
The Board of Directors of the African Development Bank has approved a $129.4 million (ZAR 2.011 billion) loan to finance the Namibia Economic Governance and Competitiveness Support Programme, EGCSP.
Moving average inflation rate for food items in Ethiopia for the month of February 2020 has gone up to 20.9 percent from 19.8 percent the previous month, the state agency said.