Addis ababa: The National Bank of Ethiopia (NBE) has removed restrictions on how much commercial banks can lend as part of a new monetary policy package aimed at containing inflation. The credit growth cap was first introduced in 2024 as part of the N…
Author: ethiopiaprobserver.com
Africa Pastoral Markets Forum Seeks to Unlock Livestock Sector as Driver of Economic Growth
Addis ababa: The First Africa Pastoral Markets Forum opened in Addis Ababa on Monday with a call to transform Africa’s pastoral livestock sector into a major driver of economic growth, employment, trade, investment, and resilience across the continent…
Ethiopia Reinforces Regional Power Connectivity Through Expanded Electricity Partnership with Kenya
Addis ababa: A new electricity supply agreement has been signed on Friday between Ethiopia and Kenya to strengthen cross-border electricity trade and improve reliable power supply. The expanded access to electricity is highly anticipated to benefit th…
Ethiopian Airlines Launches Direct Flights to Mauritius, Boosting Regional Connectivity
Addis ababa: Ethiopian Airlines has officially launched a new direct passenger service between Addis Ababa and Port Louis, Mauritius, marking another milestone in the carrier’s expanding African network and reinforcing its commitment to enhancing regi…
ECC Collects over 738-billion-birr Revenue in the Completed Fiscal Year
Addis ababa: The Ethiopian Customs Commission (ECC) announced that it has collected 738.14 billion Birr in revenue in the just-ended Ethiopian fiscal year. In a press briefing to the media, Commissioner Debele Qabeta elaborated on the operational brea…
Bounty of Basket Initiative Powers Ethiopia’s Push for Food Self-Sufficiency: Ministry
Addis ababa: The “Bounty of the Basket” (Yelemat Trufat) initiative is yielding tangible achievements toward attaining food self-sufficiency and nutritional security targets, the Ministry of Agriculture announced.
According to Ethiopian News Agency, …