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: Industrial Parks Development Corporation CEO, Fisseha Yitagesu stated that the strive for ??Eco Industrial Park excellence in Kombolcha Industrial Park is encouraging.
During his visit, the CEO observed the current operational activities…
Addis Ababa: Ethiopian Airlines, Africa’s leading carrier, has reported substantial growth and expansion during the 2016 Ethiopian Fiscal Year, aligning with its ambitious Vision 2035.
Ethiopian Airlines Group generated revenue of 7.02 billion USD, a…
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: 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: 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…