At least two pharmaceuticals and one food processing Indonesian company have finalized their business assessment to invest in Ethiopia, the Indonesian Ambassador to Ethiopia Al Busyra Basnur told The Reporter on November 5, 2020.

After setting the record for an initial paid up capital for a new entrant bank in the Ethiopian banking industry, Amhara Bank keeps on selling shares to interested Ethiopians and foreigners of Ethiopian Origin.

Prime Minister Abiy Ahmed (PhD) directed his macroeconomic reform team and the Privatization Advisory Council members to proceed with the process of privatizing 40 percent of Ethio-telecom as well as liberalizing the telecom market by issuing two service provider licenses.

The United Nations Conference on Trade and Development (UNCATD), in its Investment Trends Monitor Report released this week, indicated that Ethiopia remains relatively stable drawing USD 1.1 billion in Foreign Direct Investment inflows during the first half of 2020.

With the approval by the Ministry of Trade (MoT), the Ethiopia Commodity Exchange (ECX) is set to open a special window for industrial processors, The Reporter has leant. 

The International Monetary Fund (IMF) has projected Ethiopia’s economic growth to contract in 2020 and 2021, with the growth returning to pre-pandemic rates by 2022.

A month after the demonetization moves of the Abiy Ahmed (PhD) administration came into effect, a major phase came to an end yesterday as the time span for changing old notes with new ones ran out for amounts ranging from 100,000 birr to 1.5 million birr.

Tasked to improve transport services, monitor ongoing service deliveries and address outstanding problems, the Ministry of Transport (MoTr) established an independent council in collaboration with stakeholders, the Transport Minister announced.