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Transformative tourism

As part of his reform agenda, Prime Minister Abiy Ahmed (PhD) has emphasized on revitalizing the tourism sector as part of his three year, USD 10 billion, Homegrown Economic Reform Program.

Banking on the future

Deputy Mayor of Addis Ababa Adanech Abebe is leading an effort to help local students meet their basic needs in food, uniform, school supplies and other everyday needs.

Metal manufacturers struggle to survive

Metal and engineering industries have expressed their concerns that many manufactures will likely be forced to close shops due to lack of access and shortage of foreign currency to import raw materials, while traders have the flexibility to import finished metal and engineering products.

Bracing for competition

The national telecom company, Ethio Telecom, has projected to generate a total revenue of 55.5 billion birr in the 2020-2021 budget year.

Economic expert projects negative GDP growth

Alemayehu Geda (PhD, Prof), a prominent economist, has painted a dire look at the economic growth set for the new fiscal year, predicting it will further contract and even dip into negative 2.7 percent.

Ethiopian banks struggle to process L/C contracts

A severe shortage of foreign exchange, that has plagued the economy so far, has further led to banks struggling to find international go-between/correspondent banks to process payments in Letter of Credits (L/C), The Reporter has learnt.