BY ANDUALEM SISAY GESSESSE – At this point of time no one dares to estimate what our world look like…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
