Posted in General

Protest: NGO urges youths to embrace dialogue

Restore Hope for the Boy Child Initiative, an NGO, has called on Nigerian youths to embrace dialogue and reconsider participating in the planned nationwide protest scheduled for Aug. 1 to Aug.10.

Dr Babatunde Kayode, Executive Director of the organis…

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Posted in Business Market

Council of Ministers Approves 1.5 Bln USD Agreement with IDA

Addis Ababa: The Council of Ministers, in its 38th regular session today, approved the 1.5 billion USD financial agreement with the International Development Association (IDA).

The agreement consists of a 1 billion USD grant and 500 million loan from…

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Posted in Business Market

Cuba’s Deputy FM Confident in Ethiopia’s Potential to Make Substantial Contributions in BRICS

Addis Ababa: Cuba’s Deputy Minister of Foreign Affairs, Elio E. Rodriguez Perdomo, expressed confidence in Ethiopia’s potential to make substantial contributions to BRICS’ work.

In an exclusive interview with the Ethiopian News Agency, Perdomo antici…

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Posted in Business Market

Ethiopia, Pakistan Discuss Defense, Aviation Cooperation

Addis Ababa: Ethiopia and Pakistan explored various avenues to strengthen bilateral and multilateral cooperation in different areas such as defense and aviation, Ethiopian Embassy in Islamabad revealed.

Ethiopian Ambassador to Pakistan, Jemal Beker d…

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Posted in Business Market

Chinese journalists Say Friendship Square Driving Force for Ethiopia’s Tourism

Addis Ababa: Chinese journalists hailed the Friendship Square they visited in Addis Ababa and noted that it is a very important driving force for tourism development in Ethiopia.

The Chinese journalists from the People’s Daily national newspaper are …

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Posted in Business Market

World Bank, IMF Financial Packages Will Bolster Gov’t Economic Reform, Says Finance Minister

Addis Ababa: The financial packages from the World Bank and the IMF will bolster the government’s reform aimed at ensuring macroeconomic stability and maintain strong growth, Finance Minister Ahmed Shide said today.

Speaking about the draft proclamat…

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Posted in Business Market

Ethiopia, China Enjoying Commendable Relations in Trade and Investment

Addis Ababa: The activities being underway to bolster the trade and investment partnership between Ethiopia and China have been showing tangible results, Investment Commission Commissioner, Hanna Arayaselassie remarked.

The Commissioner made the rema…

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Posted in General

Ethiopia’s Transition to A Market-led Economy

Addis Ababa: Prior to 2019, Ethiopia’s economy exhibited sustained growth, despite underlying macroeconomic imbalances. While the government’s substantial investment in infrastructure fueled expansion, it also contributed to high inflation, inadequate…

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