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African leaders at a summit today have approved that trading should start on 1 January next year as scheduled on the African Continental Free Trade Area (AfCFTA) agreement and requested African financial…
The World Bank and the Government of Ethiopia inked this morning a $512.5 million loan and grant agreement, which aims to enhance productive safety net program of the later.
Efforts to rebuild the economies of the world’s poorest nations postpandemic will fall significantly short unless their productive capacities are drastically improved, according to UNCTAD’s Least Developed Countries Report 2020.
Most of African economies will be likely to experience lower growth lower than expected growth in 2020 compared to the 2019 projections, says new study.
The Rockefeller Foundation will commit USD1 billion over the next three years to catalyze a more inclusive, green recovery from the Covid-19 pandemic.
The Gross Domestic Product (GDP) of Ethiopia has increased last year to 3.375 surpassing $100 Billion for the first time, said Prime Minister Abiy Ahmed.
The National Bank of Ethiopia said it has distributed over 96 billion Birr (about $2.6 billion) valued new currencies notes since the country began replacing the old currency with the new ones.
The seventh meeting of the Statistical Commission for Africa (StatCom7) opened virtually on Tuesday with a clarion call from Ethiopia’s President Sahle-Work Zewde for Africa to urgently transform and modernize its national…
Delegates representing African finance and development ministries, and the private creditor community virtually met to discuss the role of the private sector in supporting low-income countries through the COVID-19 crisis, and driving…
The Economic Commission for Africa (ECA) on Wednesday participated in the Annual Ministerial Meeting of Foreign Ministers of Landlocked Developing Countries (LLDC) and highlighted the need for sustained and consistent support to…
The Government of Ethiopia has unveiled new currency notes replacing the old ones, Prime Minister Abiy Ahmed, said.
NEWS – Planning Commission of Ethiopia introduces a ten years development plan that targets cutting the number of people living below poverty line by more than half.
Ethiopia’s foreign debt has declined over the past two years from 31 percent of its GDP to 25 percent, Prime Minister Abiy Ahmed said.
Amidst the challenges faced by the outbreak of the global pandemic, coronavirus, Ethiopian economy is expected to grow by six percent this year, Prime Minister Abiy Ahmed said.