Economy
IMF Executive Board Approves Four-Year US$3.4 Billion Extended Credit Facility Arrangement for Ethiopia
The Executive Board of the International Monetary Fund (IMF) has approved a four-year arrangement under the Extended Credit Facility (ECF)...
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Ethiopia Shifts to Market-Based FX Rate, Says PM Abiy
Prime Minister Abiy Ahmed has announced key policy measures under the second phase of the Homegrown Economic Reform Program (HGER...
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Ethiopia Attracts $3.82 Billion in Foreign Direct Investment
Ethiopia has attracted $3.82 billion in foreign direct investment (FDI) during the recently concluded Ethiopian fiscal year, as reported by...
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UAE and Ethiopia Sign Currency Swap Agreement
The Central Bank of the UAE (CBUAE) and the National Bank of Ethiopia (NBE) have signed a significant currency swap...
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Inflation Rate Drop to 19.9% in June 2024
The National Bank of Ethiopia (NBE) has announced that the country's inflation rate fell to 19.9% in June 2024, a...
Read moreDetailsEthiopian Parliament Approved Historic Close to 1 Trillion Birr Budget
Today, Prime Minister Abiy Ahmed addressed the Ethiopian Parliament, where he faced numerous questions from lawmakers about the country's current...
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Crisis at the Crossroads: Ethiopia’s Journey Through Debt
In 2018, there was a significant struggle for political reform, leading to Prime Minister Abiy Ahmed (Ph.D.) coming to power....
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