Ukraine, Ethiopia agree to form joint trade commission
Ethiopia and Ukraine have joined forces to bolster their economic ties through the establishment of a joint trade commission that will oversee and enhance...
Underfunded warning system fails to mitigate drought devastation
Ethiopia is being severely impacted by the lack of an effective early warning system, exacerbating the devastation caused by the droughts and floods afflicting...
AU, ILO join wings to empower Africa’s youth
The International Labor Organization (ILO) and the African Union (AU) have teamed up to create a pioneering youth employment strategy called YES-Africa.
The strategy aims...
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Tigray schools in ruins, 3,846 students, teachers killed in conflict
The conflict in Ethiopia's Tigray region claimed the lives of over 3,846 teachers and students, reveals Ethiopia's Institution of the Ombudsman.
Ongoing damage assessments paint...
MULTINATIONALS SEE ‘HYPERINFLATION’ BUT ETHIOPIA SAYS NO
Ethiopia's status as an inflationary economy continues to be a source of debate between authorities and reporting entities, as the government now pushes locals...
Banks complicit as “rubber stamps” for illegal hawala 105 birr Rate
Insiders and officials allege that foreign money transfer agents operating in the illicit offshore market exploit Ethiopian banks as complicit "rubber stamps" to offer...
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Conflict pushes 3m deeper into poverty
GDP contracted by 25.9% because of the war in North Ethiopia
Three million people have fallen below the absolute poverty line in conflict-affected regions.
A report...
Minister targets fourfold increase in excise tax revenue with stamps
The Ministry of Finance plans to increase excise tax revenue three to four times through the implementation of excise stamps and an advanced excise...
Congressman advocates for Ethiopia’s exclusion from AGOA, international lending
Member of the United States Congress wants Ethiopia to remain excluded from the African Growth and Opportunity Act (AGOA) trade preferences until the Ethiopian...
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Nyala, Nissan to begin long overdue car assembly plant
Nyala Motors has announced that it has secured a plot of land to build an assembly plant for Nissan cars in Ethiopia.
The company made...