Ethiopia unveils independent economic advisory members
The Government of Ethiopia today unveils sixteen members of independent economic advisory council of Ethiopia, who will assist…
Economy
AU approves start of African Continental Free Trade Area training
African leaders at a summit today have approved that trading should start on 1 January next year as…
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,…
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…
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…
Rockefeller 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…
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…
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…
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…
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…
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…
Ethiopia introduces new currency
The Government of Ethiopia has unveiled new currency notes replacing the old ones, Prime Minister Abiy Ahmed, said.
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…
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…
Ethiopia expects 6 percent economic growth
Amidst the challenges faced by the outbreak of the global pandemic, coronavirus, Ethiopian economy is expected to grow…
Imagining Ethiopia post COVID-19
BY ANDUALEM SISAY GESSESSE – At this point of time no one dares to estimate what our world…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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…
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…
WTO delegation visits Ethiopia
The delegation of the World Trade Organization (WTO) visited Ethiopia and discuss Ethiopia’s accession to the WTO with…