Addis Ababa: Following up on the Government’s recent statement regarding Ethiopia’s economic reform program, the National Bank of Ethiopia (NBE) announced a major revision of the country’s foreign exchange (FX) system effective immediately.
The refor…
Addis Ababa: The International Monitory Fund (IMF) executive board has approved a four-year 3.4 billion US dollars extended credit facility arrangement for Ethiopia.
The four-year financing package will support the Homegrown Economic Reform (HGER) Ag…
Addis Ababa: Journalists from People’s Daily, a leading Chinese national newspaper, have been thrilled by Ethiopia’s development endeavors and the sound partnership between the two countries.
These journalists, who are recently in Ethiopia, have been…
Addis Ababa: Federal Housing Corporation has signed a Memorandum of Understanding (MoU) with the Global Trade and Finance to collaborate on housing development initiatives in Ethiopia.
The agreement was formalized by Federal Housing Corporation CEO R…
Addis Ababa: Prime Minister Abiy Ahmed announced today that Ethiopia has embarked on full implementation of macroeconomic reform policy.
In a macro-economic reform program policy statement issued today, Prime Minister Abiy elaborated that the governm…
Addis Ababa: The Ministry of Revenue of Ethiopia has announced a significant achievement in tax collection for the 2023/24 fiscal year, with over 512 billion Birr collected, according to a statement made during a high-level meeting in Arba Minch city,…