Thursday, June 1, 2023

Tag: MoFEC

Liquidity crisis thwarts government budget

The Government of Ethiopia is said to be facing a liquidity crisis as the decline in export earnings and tax revenue reaches an alarming level and foreign borrowing comes to a squeaking halt due to the country's external debt stress, the Ministry of Finance and Economic Cooperation (MoFEC) admitted to the House of Peoples’ Representatives (HPR) on Thursday. 

Private sector reproaches finance minister for preaching free market

Speaking on Ethiopian private sector development workshop, organized by the African Development Bank (AfDB) and FairFax Africa, Abraham Tekeste (PhD), Minister of Finance and...

Assela wind farm acquires financing

Ethiopia and Denmark have signed a loan agreement where the later will provide finance in order of USD 201 million for the construction of the Assela Wind Farm.

WB calls on gov’t to give attention to service sector

The World Bank Group (WBG) urged the Government of Ethiopia to give proper attention to the service sector of the country, especially to the distribution services, in its sixth Ethiopian Economic Update launched on Wednesday May 18, 2018, at the Hilton Addis Ababa.

Gov’t sets up public-private partnership directorate

Faced with an increasingly difficult external debt levels and hence difficulty to access foreign finance, Ministry of Finance and Economic Cooperation established a Public Private Partnership (PPP) Unit for the implementation of the recently passed PPP proclamation, The Reporter learnt.


Kenya’s GMO plans disrupted, but Ethiopia pushes forward with testing

The Kenyan government's move to import Genetically Modified Organisms...

Safaricom’s Ethiopian venture records loss, management eyes fresh capital

- It expects $257 million from IFC in equity...

Ethiopian $50m E-commerce to deliver global goods to African doorsteps

Ethiopian Airlines Group is set to launch a cutting-edge...

Tigray disarmament reaches “critical stage”, 85% heavy weapons surrendered

- AU team plans to visit Humera and western...