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…
Continue ReadingAddis 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…
Continue ReadingAddis 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…
Continue ReadingAddis Ababa: Prime Minister Abiy Ahmed announced today that Ethiopia has embarked on full implementation of macroeconomic reform policy.
In a macro-economic reform program policy statement issued today, Prime Minister Abiy elaborated that the governm…
Continue ReadingAddis Ababa: The Ministry of Revenue of Ethiopia has announced a significant achievement in tax collection for the 2023/24 fiscal year, with over 512 billion Birr collected, according to a statement made during a high-level meeting in Arba Minch city,…
Continue ReadingAddis Ababa: The public has contributed over 1.7 billion Birr towards the construction of the Grand Ethiopian Renaissance Dam (GERD) in the just concluded Ethiopian fiscal year.
Office of National Coordination for the Construction of the Dam announce…
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