After making a bold decision to privatize state-owned enterprises, the government is drawing fierce criticism with the latest one coming from the former president of the Addis Ababa Chamber of Commerce and Sectoral Association, Kebour Ghenna.
The \Ministry of Finance unveiled what it called a “Home-Grown economic Reform” this week, spearheaded by the Office of the Prime Minister with the involvement of various policy institutions including the National Bank of Ethiopia (NBE), at an event held on Wednesday, August 28, 2019, at Sheraton Addis Hotel in Addis Ababa.
Prime Minister Abiy Ahmed (PhD) has revealed both the FDRE President and the Prime Minister will be housed in the same compound as the current residence a.k.a. the National Palace is set to be a public museum.
The Government of Ethiopia (GoE) is preparing a three-year financial program to overcome the country’s daunting financial challenges, Eyob Tekalign (PhD), State Minister of Finance, said at the fifth Annual Private Equity in East Africa Conference held at Sheraton Addis Hotel on June 13, 2019.
The Economist Events, an entity within The Economist Group that runs the The Economist magazine and The Economist Intelligence Unit (EIU), is set to come back once again to Addis Ababa to organize and hold a “Global Illicit Trade” summit by the end of June.
A growing number of German companies operating in Ethiopia have expressed “high expectations” regarding Ethiopia’s economic prospectsin the coming years, according to the first Business outlook survey conducted by the Delegation of German Industry and Commerce in East Africa and the Embassy of Germany in the capital.
In a bid to help Ethiopia’s ambitious reform agenda, the Danish government has announced a USD 150 million contribution to the nations capacity to build a Climate Resilient Green Economy (CRGE) and meet its sustainable development goals in time for its drive to become a middle-income nation by 2025.
Currently in its mid-term, the Growth and Transformation Plan (GTP II) – launched in 2016 to run for a span of five years – is feared to be “likely unattainable”, ministers and other government officials said during the week.