African leaders at a summit today have approved that trading should start on 1 January next year as scheduled on…
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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, which aims…
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UN stresses need to improve poor countries’ productive capacities
Efforts to rebuild the economies of the world’s poorest nations postpandemic will fall significantly short unless their productive capacities are…
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African economies to experience lower growth in 2020
Most of African economies will be likely to experience lower growth lower than expected growth in 2020 compared to the…
Read MoreRockefeller Foundation commits $1 billion for green recovery from pandemic
The Rockefeller Foundation will commit USD1 billion over the next three years to catalyze a more inclusive, green recovery from…
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Ethiopia GDP surpasses $100 billion says PM Abiy
The Gross Domestic Product (GDP) of Ethiopia has increased last year to 3.375 surpassing $100 Billion for the first time,…
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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 currencies notes…
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Africa needs modern African statistical systems, Ethiopian President
The seventh meeting of the Statistical Commission for Africa (StatCom7) opened virtually on Tuesday with a clarion call from Ethiopia’s…
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Meeting stresses private sector role in post-pandemic development
Delegates representing African finance and development ministries, and the private creditor community virtually met to discuss the role of the…
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Landlocked developing countries need support- UN agency
The Economic Commission for Africa (ECA) on Wednesday participated in the Annual Ministerial Meeting of Foreign Ministers of Landlocked Developing…
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Ethiopia introduces new currency
The Government of Ethiopia has unveiled new currency notes replacing the old ones, Prime Minister Abiy Ahmed, said.
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Ethiopia introduces 10 years plan to become prosperous
NEWS – Planning Commission of Ethiopia introduces a ten years development plan that targets cutting the number of people living…
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Ethiopia foreign debt declines to 25 percent
Ethiopia’s foreign debt has declined over the past two years from 31 percent of its GDP to 25 percent, Prime…
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Ethiopia expects 6 percent economic growth
Amidst the challenges faced by the outbreak of the global pandemic, coronavirus, Ethiopian economy is expected to grow by six…
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