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All about jobs

Ethiopia has officially joined in Mastercard Foundation’s effort to help create 30 million needed jobs across seven African nations, 10 million in Ethiopia within 2030. An effort of its Young Africa Works Initiative, it is geared in supporting local entrepreneurs, small and medium sized businesses as a hub for its job creation plan.

Privatization process encounters vociferous criticism

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.  

 Private engagement

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.

Gov’t plans to alleviate forex crunch

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.

German companies see positive economic prospect for Ethiopia

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.

Denmark contributes USD 150 mln to aid development goals, CRGE

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.