Latest Economics News
Ethiopia eyes regional integration through highways
A total of $610.6 million has been allocated for the implementation of the Ethiopian part of the project, with the funds coming from the Ethiopian government, international financial institutions and...
Huajian Group to build its own industry zone
The Chinese shoe company, which has already heavily invested in Ethiopia at the Eastern Industrial Zone in Dukem town of the Special Zone of the Oromia Regional State, Huajian Group, is now set to...
Ethiopia gets $13.5mn World Bank loan for forest coverage
The World Bank has provided a $13.5 million loan to Ethiopia to help the country reduce carbon emissions and increase its forest coverage.
“Ethiopia is one of 35 countries supported by the World...
Arab League Encouraging Arab Countries to Strengthen Ties With Ethiopia
Ambasssador Saleh Sahabun, Arab League Ambassador to Ethiopia and the African Union, disclosed that the organization is striving to encourage Arab countries to strengthen ties with Ethiopia. As part...
Dr. Tewodros Invites Bill Gates to Invest in Ethiopia
Foreign Affairs Minister Dr. Tewodros Adhanom called on Bill Gates, the richest person in the world, to engage in agriculture and other investment sectors in Ethiopia.
During the talks he held...
The World Bank is wrong on Ethiopia: PM
Ethiopian Prime Minister Hailemariam Desalegn, says the World Bank's negative view of the country's economy is wrong and says local businesses are competitive.
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Ethiopia still needs a ‘strong hand’: PM
The World Bank is "wrong" about how hard it is to do business in Ethiopia, Hailemariam Desalegn the country's prime minister has told CNBC.
In its latest report on the country published in May...
World Bank Urges Ethiopia to Devalue Birr to Boost Exports
Ethiopia’s birr is overvalued and the country would benefit from a devaluation to boost export revenue and accelerate economic growth, the World Bank said.
Reducing the currency’s value by 10...
Ethiopia Continues Jatropha Biodiesel Production
Ethiopia is producing biodiesel from jatropha plant with 56 million birr said Water, Irrigation and Energy Ministry.
According to Public Relations Director with the ministry, Bizuneh Tolcha , the...
Foreign Exchange Earnings from the Manufacturing Sector is Not as per The Estimated Plan
Ministry of industry announced that the foreign exchange earnings the country has got from the manufacturing sector is increasing.
In this fiscal year, too, the country has got 400 million dollars...
Ethiopia Has Built a Modern Army: Prime Minister Hailemariam Desalegn
Prime Minister Hailemariam Desalegn said that Ethiopia has built a modern army that can execute various missions at a time. The premier said this yesterday when he gave diplomas to the graduating...
Investing in Infrastructure: Sub-Saharan Africa’s Top 5 Opportunities
Only one country – Nigeria – makes both top 5 lists largely because it government has made amazing strides in recent years to match its enthusiasm for infrastructure with the demand for...
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