Category Archives: Business and Finance

PM Issues Additional Measures to Prevent COVID-19, Stabilize Economy

Addis Ababa,  Prime Minister Abiy Ahmed has provided additional direction and measures in the prevention and containment of COVID-19 after a virtual meeting with the COVID-19 Ministerial Committee.

A press …

G-20 Countries Pledge to Inject 5 Trillion USD into Global Economy

 The G-20 nations on Thursday pledged a “united front” in the fight against the coronavirus pandemic, and said they were injecting 5 trillion USD into the global economy to counter …

PM Abiy Proposes 150 Billion USD Emergency Financing Package for Africa

Addis Ababa, Prime Minister Abiy Ahmed proposed 150 billion USD emergency financing package for Africa to combat the spread of COVID-19.

A statement released today said Ethiopia, working closely with its …

Centre Underlines Reservoirs Management

Fishery in Ethiopia constitutes huge potential offering big opportunity for job creation

Primarily built for power generation, it has created opportunities for local Eco-tourism and semi-subsistence fisheries. The reservoir has …

Project Boosting Barley Production in Arsi Zone

Heniken Brewery has awarded unions, farmers and others for demonstrating relatively high performance for the increasing volume and quality production of barley in Arsi Zone. It did so as part …

ETHIOPIAN WANTS TO EXPAND TRADE, INVESTMENT RELATIONS WITH EGYPT, SAYS PM

ADDIS ABABA, March 25 Ethiopian Prime Minister Hailemariam Dessalegn says Ethiopia wants to expand relations with Egypt beyond the political sector to include the trade and investment sectors.

He said …

ETHIOPIA STRESSES NEED TTO BOOST TRADE BETWEEN EASTERN, SOUTHERN AFRICA

ADDIS ABABA, March 24– Ethiopia has stressed the need to diversify export items and value addition to boost trade ties between countries in eastern and southern Africa.

Opening the 34th …

LOWER OIL PRICES SAVING ETHIOPIA ONE BILLION US DOLLARS

ADDIS ABABA, March 23– Ethiopia is benefiting from the drop in oil prices on the international market with savings of one billion US dollars on oil purchases over the past …