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 percent general inflation rate at country level for the month of July 2019.
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 billion.
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 said.
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 the next Ethiopian fiscal year which begins on July 8, 2019.
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 million euros loan and grant to the government of Ethiopia.
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 livelihoods of pastoralist communities in the country.
European Union offcials visit Ethiopia
A delegation of European Union (EU) visit Ethiopia this week with the aim of bring European Economic and Social Committee (EESC) support to local civil society and to discuss the EU strategy…
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 Secretary of State’s office of Global Partnerships.
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 100 local organizations improve their performance and enhance the Ethiopian civil society sector.
World Bank President visits Ethiopia
The President of the World Bank Group (WBG), David Malpass, who met Ethiopian government officials in Addis Ababa, expressed his institution’s support to the ongoing economic reform of Ethiopia.
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 heading to the war-torn Yemen.
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 a two-day visit.
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 their revenue by up to 20% of their GDP.
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 the private sector in the country’s economy, a official said.