Mastercard Foundation to help Ethiopia create 10 million jobs
Mastercard Foundation is set to help Ethiopia government create over 10 million jobs for the young generation over…
Economy
Ethiopia PM promises to address food, housing shortage
Prime Minister Abiy Ahmed of Ethiopia today said his administration is working to address food and housing shortage…
Africans exploitation continues by design
Poverty in Africa and exploitation of Africans labor and natural resources has continued to this day not by…
Russia set to host 40 African leaders
Some 40 Africa leaders are set to take part in the first Russia–Africa Economic Forum and Summit scheduled…
Ethiopia declares end of confusion year, beginning of prosperity
Ethiopia, which uses the Julian Calendar, declares the end of confusion year 2011 and the beginning of a…
Ethiopia eyes becoming Africa’s prosperity icon by 2030
The government of Ethiopia has launched a homegrown economic reform, which will propel the country to become Africa’s…
Ethiopia premier arrives Seoul, South Korea
Prime Minister of Ethiopia, Abiy Ahmed arrives the capital of South Koreas, Seoul, on Sunday for official visit…
United States invested over $3 billion in Ethiopia
The United States has invested over three billion dollars in Ethiopia in the last three years, says U.S.…
Addis Ababa set to ban street beggars, prostitutes
The Addis Ababa City Administration has drafted a law that will enable it to make free the streets…
Inflation remains double digit in Ethiopia
For over one year both food and non-food inflation in Ethiopia continue to register double digit with 12.6…
Ethiopia’s foreign currency reserve increases to $3.2 billion
The foreign reserve of Ethiopia which has been depleting for many years, has now improved and reached 3.2…
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…
Ethiopia approves $13.5 billion budget for next year
The Council of Ministers of Ethiopia on Saturday announced 387 billion birr (around $13.5 billion) national budget for…
Ethiopia, France to ink 100 million euros loan, grant deal
Supporting the ongoing economic reform in Ethiopia, the French Agency for Development (AFD) is set to provide 100…
World Bank allocates $350 million for pastoralists in Ethiopia
The World Bank provides $350 million loan and grant to the government of Ethiopia’s effort to improve the…
European Union offcials visit Ethiopia
A delegation of European Union (EU) visit Ethiopia this week with the aim of bring European Economic and…
U.S. State Department hosts Ethiopia partnership forum
The U.S. Department of State hosted the “Ethiopia Partnership Forum”, an economic engagement platform organized in by the…
U.S. assists 100 civil societies in Ethiopia
The United States marked the completion of its five-year Local Capacity Development project that invested in helping over…
World Bank President visits Ethiopia
The President of the World Bank Group (WBG), David Malpass, who met Ethiopian government officials in Addis Ababa,…
70 Ethiopian migrants die traveling to Yemen
A small boat accident in the Red Sea on Saturday night caused the death of 70 Ethiopians migrants…
Ivanka Trump arrives Ethiopia for two days visit
White House Advisor to the U.S. President, Ivanka Trump, arrived in Addis Ababa, Ethiopia today, April 14, for…
UN report points how African governments boost revenue
A new report by the UN Economic Commission for Africa (UNECA) points out how Africa government can boost…
Ethiopia’s reforms aim boosting private sector participation
The multifaceted reforms Ethiopia has been undertaking for the past several months aim to broaden the participation of…
United States helps Ethiopia build disaster response capacity
Assisted by the United States Government, Ethiopia’s National Disaster Risk Management Center (NDRMC) conducted a natural disaster simulation…
Millennium Challenge Corporation officials visit Ethiopia
The officials of U.S. Government’s Millennium Challenge Corporation (MCC) visited Ethiopia this week.
Ethiopia to turn least developed regions into economic engines
Ethiopian government is set to turn the least developed regions of the country into centers of economic engines,…
Towards Singapore of Bab el Mandeb
BY ANDUALEM SISAY GESSESSE – Following the recent restoration of ties between Ethiopia and Eritrea, many speculated that…
Ethiopia gets over $3 billion external financing
The government has secured 85.629 billion birr (around $3.1 billion) external financing in the first six months of…
Ethiopia focuses on irrigation, tourism to cut unemployment
To address the serious challenge of unemployment, Ethiopia government will focus of the development of irrigation and tourism,…
Marrakech set to host African Economy ministers
The UN Economic Commission for Africa’s (ECA) Conference of African Ministers of Finance, Planning and Economic Development is…