Latest Economics News
Ethiopia’s provisions of power, infrastructure win recognition
The rapid growth Ethiopia has been registering in the provision of Power and infrastructure has won recognition, according to the Ministry of Foreign Affairs (MoFA) said.
A discussion organized by...
The details of salary rise revealed
Ministry of finance and economic development has announced today the details of the salary rise for government employees. Accordingly, low paid civil servants have got a 46% salary rise while the...
Stanchart to commit $5 billion to Power Africa project
Standard Chartered Bank has increased its financial pledge from $2b to $5b to ‘Power Africa’, an initiative expected to add about 7,500 megawatts of power to Africa’s power grid.
The US$3b...
Leaders resolve to fast track $24b Lamu project
President Yoweri Museveni along with Prime Minister Hailemariam Desalgen of Ethiopia, President Salva Kiir Mayardit and their host President Uhuru Kenyatta of Kenya have resolved to fast track the...
The Ethio-U.S. Business and Investment Summit in Houston, Texas
The Ethio-US Investment Summit was held in Houston, Texas on Wednesday (July 30) and marked a new beginning and commitment from both sides to strengthen their economic and business relations.
The...
Awash Bank’s Deposit Reached 16.1 Billion Birr
Awash International bank (AIB) disclosed, during the past budget year it managed to raise its deposit from 13.1 Billion Birr to 16.1 Billion Birr.
Awash has also showed an increase in the loan it...
New Housing Scheme for Diaspora and Diplomatic Mission Workers
A draft directive is prepared by the Ministry of Development, Housing and Construction (MUDHC) on housing registration for members of the Ethiopian Diaspora community. This housing scheme is going to...
Ethiopia expands Jatropha plantation to produce biodiesel
Ethiopia is expanding Jatropha plantation to produce 500 million litres of biodiesel from the inedible plant, which can yield 600 litres of biodiesel from a single ton of seeds, an Ethiopian official...
Ethiopia is the biggest country in the world without Stock Exchange
Of the roughly 200 nations (both official and partially recognized) in the world, 40 of these countries have no stock exchanges. As frontier market investors with a focus on public equities, keeping...
Ethiopian experience can help SA’s Nene draft reforms
NEWS that the International Monetary Fund (IMF) has cut South Africa’s economic growth forecast for the third time in less than a year has signalled that all is not well with the country’s...
Ethiopia expands Jatropha plantation to produce biodiesel
The project is being implemented in collaboration with the Ethiopian and Norwegian governments at a cost of over $2.8 million.
World Bulletin/News Desk
Ethiopia is expanding Jatropha plantation...
Close to 2 Billion Cubic Meters Water Holding Dam Completed
The Tendaho Dam built to irrigate sugar cane for Tendaho Sugar Factory can now fully supply the water required, according to Water Works Design and Control Enterprise.
Some 98 percent of the...
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