Imagining Ethiopia post COVID-19
BY ANDUALEM SISAY GESSESSE – At this point of time no one dares to estimate what our world look like or which one of our current habits and lifestyles will be changed…
Ethiopian parliament approves $1.4 billion additional budget
To mitigate the economic and social impacts of COVID-19, Ethiopian Parliament on Friday approves an addition budget of 48.6 billion birr (about $1.43).
Addis Ababa creates over 205,400 jobs
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.
U.S. provides $230 million development aid to Ethiopia
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.
Ethiopia inflation rate goes up in double digits
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…
Ethiopia economy declines 11 percent by COVID-19
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.
IMF approves immediate debt service relief for 25 countries
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.
UN says COVID-19 impact on African cities acute
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…
Food inflation in Ethiopia increases to 22.2 percent
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.
Ethiopia pleads to G20 to rescue African economies
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…
African finance ministers agree to fight COVID-19 impacts
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…
Namibia gets $129 loan to boost economy
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.
Ethiopia food inflation rate reaches 21 percent
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.
Ethiopia launches fundraising to complete Nile Dam
The Government of Ethiopia on Wednesday launched another round of fundraising to complete the construction of the Great Ethiopian Renaissance Dam (GERD), which has the capacity to generate 6,000 megawatts of electricity.