Ethiopia Pushes for Sea Access as Crucial Talks with Somalia Approach
ADDIS ABABA — Ahead of critical negotiations in Ankara, Ethiopian Prime Minister Abiy Ahmed emphasized the importance of securing sea access for his landlocked nation,...
Category : Ethiopia
Ethiopia Set to Launch Securities Exchange in October, CEO Confirms
ADDIS ABABA — Ethiopia’s long-awaited securities exchange is set to commence operations this October, marking a significant milestone in the government’s ongoing efforts to liberalize...
Ethiopia’s Central Bank Sells Dollars to Narrow Exchange Rate Gap
ADDIS ABABA—The National Bank of Ethiopia took decisive action on Thursday, selling dollars to commercial lenders in a bid to bridge the widening chasm between...
Ethiopian PM Reports Ongoing Negotiations with Amhara Rebels
ADDIS ABABA — Ethiopian Prime Minister Abiy Ahmed disclosed on Friday that his government is engaged in negotiations with various armed factions in the Amhara...
Turkish Foreign Minister to Visit Ethiopia Amid Tensions with Somalia
ADDIS ABABA- Turkish Foreign Minister Hakan Fidan will visit Ethiopia on Friday for crucial discussions with Ethiopian Prime Minister Abiy Ahmed and Foreign Minister Taye...
Ethiopia Expects Creditors to Restructure $4.9 Billion Debt
ADDIS ABABA – Ethiopia’s State Finance Minister Eyob Tekalign said on Friday that the country anticipates its creditors will agree to restructure $4.9 billion of...
Ethiopia Shuts Businesses Over Price Gouging After Currency Float
ADDIS ABABA – Two Ethiopian regional governments have ordered the closure of dozens of businesses accused of hiking prices on essential goods following the central...
IMF Approves $3.4 Billion Loan for Ethiopia to Aid Economic Reforms
ADDIS ABABA – The International Monetary Fund (IMF) has approved a $3.4 billion loan for Ethiopia to support its economic reforms over the next four...
Ethiopia Reforms Currency System in Bid to Alleviate Economic Pressures
ADDIS ABABA — The National Bank of Ethiopia (NBE) has unveiled a sweeping set of economic reforms, including a move to let market forces determine...
Ethiopia Declares Three Days of Mourning After Deadly Landslide Claims Over 250 Lives
ADDIS ABABA – Ethiopia announced a three-day national mourning on Friday following a catastrophic landslide in the southern region of Kencho Shacha Gozdi that has...
