The Ethiopian Diaspora have sent over 1.6 billion USD in remittance in the past five months of the Ethiopian fiscal year, the Ethiopian Diaspora Agency disclosed. According to a press release sent to ENA, the agency has plans to collect four billion US dollar additional remittance in the remaining months of the budget year. Moreover, […]
Political, Economic Pressures on Ethiopia Expressions of Support to Terrorist TPLF: Ustaz Jamal Bashir
The political and economic pressures on Ethiopia are intended to support the terrorist TPLF, which is working for the interest of some Western countries and the American government, Kings of Blue Nile Channel Director Ustaz Jamal Bashir said. In an exclusive interview with the Ethiopian News Agency, the director said decisions and statements issued by […]
Nation Earns 520 Million USD from Coffee Export in Five Months: Authority
The Ethiopian Coffee and Tea Authority disclosed that it has earned 520 million USD from the export of 140,000 tons of coffee in the first five months of this Ethiopian fiscal year. Senior federal and regional officials have visited major coffee producing areas surrounding the market town of Dila and Yirgachefe Woredas of Gedeo Zone […]
Ministry Prepares Additional Budget of 122 Billion Birr
An additional 122 billion Birr budget prepared by the Ministry of Finance has been submitted to the Council of Ministers. The additional budget will be used for national security and humanitarian assistances. The budget will also be allocated to rehabilitating victims of war and conflicts as well as to other government functions, according to Ministry […]
WFP Ethiopia Market Watch, November 2021
HIGHLIGHTS Inflation: Headline inflation which was recorded as the highest in a decade hitting 34.8 percent in September, slightly declined to 34.2 percent in October 2021. The food inflation that was standing at 42 percent in September, the highest in ten years, slightly reduced to 40.7 percent in October. The measure of change in price […]
East Africa Food Security Alert: December 29, 2021
Over 20 million people in need of urgent food aid in the Horn of Africa amid severe drought and conflict FEWS NET anticipates more than 20 million people in Ethiopia, Somalia , and Kenya will need urgent humanitarian food assistance in 2022 to prevent Crisis (IPC Phase 3) or worse outcomes. The sharp increase in […]