Addis Ababa: Prime Minister Abiy Ahmed, in his address to the parliament, has disclosed that Ethiopia will build a mega airport. The new airport is projected to have the capacity to serve 130 million passengers each year, which is more than four times…
Month: October 2024
Ethiopia Targets 8.4 Percent Economic Growth Amid Agricultural Expansion.
Addis Ababa: Prime Minister Abiy Ahmed announced that Ethiopia is aiming to achieve an 8.4 percent economic growth rate for the current Ethiopian Fiscal Year. Addressing the 3rd regular session of the House of Peoples’ Representatives, he emphasized t…
Gov’t Prioritizes Reducing Inflation to Single Digits: PM Abiy.
Addis Ababa: Prime Minister Abiy Ahmed stated that the government’s primary goal in the coming years is to bring inflation down to single digits. In response to questions from the House of People’s Representatives about the escalating cost of living, …
Ethiopia Seeks Peaceful Red Sea Access to Support Economic Growth: PM Abiy.
Addis Ababa: Prime Minister Abiy Ahmed expressed Ethiopia’s pursuit of peaceful access to the Red Sea, citing the necessity for a sea outlet to support the nation’s growing economy and expanding population of over 120 million. Speaking before Parliame…
PM Abiy Lauds Remarkable Achievements of Reform in Three Months.
Addis Ababa: Prime Minister Abiy Ahmed has commended the achievements of the macroeconomic reform particularly, in Ethiopia’s export trade and foreign direct investment (FDI) inflow during the past three months. Addressing members of the parliament to…
IPDC Earns More than 26 Million USD in Export Revenue over 3 Months.
Addis Ababa: Industrial Parks Development Corporation (IPDC) announced that it has generated over 26 billion US dollars in export revenue during the first quarter of the current fiscal year. The revenue is secured in the industrial parks managed by th…