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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.

No supplementary budget this FY

Abraham Tekeste (PhD), minister of Finance and Economic Cooperation, explicitly told university presidents that there will be no supplementary budget for the current fiscal year.

He demanded all public universities to strictly apply the program budgeting systems. Universities were also ordered to submit the financial reports of the last budget year.