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Category: Business

Ethiopia Signs 1.5 Billion USD Support with World Bank

July 30, 2024

The Ministry of Finance disclosed that Ethiopia has signed 1.5 billion US dollars support today with the Wold Bank.

In its press release, the ministry said ‘We are pleased to announce a significant reinforcement of its long-standing partnership with …

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Renovation of Fasil Ghebbi in Gonder City Progressing Very Well: PM Abiy

July 30, 2024

Prime Minister Abiy Ahmed revealed that the renovation of Fasil Ghebbi in Gonder city is progressing very well.

In no time, Fasil will be elevated to its former glory, the premier said in social media post. Founded in the 17th century by Emperor Fasi…

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Highlights of IMF Extended Credit Facility Report for Ethiopia

July 30, 2024

The International Monetary Fund (IMF) has highlighted the commitment of the Ethiopian government to address macroeconomic imbalances, restore external debt sustainability, and lay the foundation for high, private sector-led growth.

Following Prime Mi…

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World Bank Backs Ethiopia’s Reforms to Promote Sustainable, Inclusive Growth

July 30, 2024

The World Bank’s Board of Executive Directors approved today the Ethiopia First Sustainable and Inclusive Growth Development Policy Operation to support home-grown reforms that will ultimately help the country transition to a more inclusive economy, a…

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Cuba Seeks to Deepen Ties with Ethiopia, Praises Economic Progress

July 30, 2024

Cuba’s Deputy Minister of Foreign Affairs, Elio E. Rodriguez Perdomo, emphasized the historical bonds between Cuba and Ethiopia while expressing admiration for Ethiopia’s economic strides and outlining plans for enhanced cooperation.

In an exclusive …

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Chinese Journalists Highlights Importance of BRICS to Bolster Ties between Ethiopia, China in Media

July 30, 2024

Chinese Journalists highlighted the importance of the BRICS bloc to strengthen media partnership between Ethiopia and China for the benefit of the countries.

Chinese media delegation drawn from the leading Chinese Peoples’ Daily Newspaper is in Addis…

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