Category Archives: Market

Ethiopia-China Cooperation Model for Africa, Says Outgoing Ambassador Tan Jian

Addis Ababa: The multifaceted bilateral cooperation between Ethiopia and China can serve as a successful model for Africa, outgoing Chinese Ambassador to Ethiopia said. In an exclusive interview with ENA, Ambassador Tan Jian said the 50th anniversary of diplomatic relations between

Experts Say New Currency Notes Will Help Boost Economy

Addis Ababa,  The demonetization of the old Ethiopian Birr notes this week will play a crucial role to boost the economy by stabilizing the macroeconomy and controlling illegal money transactions, experts said. In an exclusive interview with ENA, the economist

Australian Company Expresses Interest in Investing 10 Billion USD in Power Sector

Addis Ababa, The Australian company, Fortescue Metals Group Ltd. has expressed its interest to invest 10 billion USD and generate 15 gigawatts hydro power and 10 gigawatts geothermal energy. Following the discussion held with representatives of the company at Sheraton

Chamber of Commerce Says New Currency Notes Would Strengthen Business

Addis  Ababa, The new currency notes would enhance legal business activities in the country and weaken the illegal ones, according to Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) Ethiopian Chamber of Commerce and Sectoral Associations Secretary-General, Yesuf Ademnur told

USAID to Extend over 650,000 USD Emergency Assistance to Flood Victims in Afar

Addis  Ababa, US Agency for International Development (USAID) said that it is providing over 650,000 USD in immediate emergency assistance to help communities affected by recent flooding in Afar Regional State. According to a press release issued by the US

World Bank Provides Additional Support for Agriculture Growth and Better Livelihood Opportunities for Ethiopia’s Smallholder Farmers

WASHINGTON, September 15, 2020– The World Bank Group’s Board of Executive Directors today approved a US$80 million grant from the International Development Association to support the government Ethiopia to boost agricultural productivity and enhance market access for smallholder farmers. According to

Japan Provides over 30 Mn USD Relief Aid

Addis Ababa,  The Government of Japan has contributed 30.24 million USD to support Ethiopia meet the relief food needs of communities affected by COVID-19, desert locusts, drought, and flooding, the World Food Programme (WFP) announced today. According to a press

Ethiopia Unveils New Currency Notes

Ethiopia has introduced new bank notes to shore up the country’s struggling economy and slow the hoarding of currency and illegal trade activities. Prime minister Abiy Ahmed said the improved design and security features on new Birr notes for denominations of 10, 50 and 100