Business

Eleventh Forum on Statistical Development in Africa Commences in Addis Ababa

ADDIS ABABA: The eleventh Forum on Statistical Development in Africa (FASDev) has commenced in Addis Ababa, focusing on enhancing the mobilization of technical and financial resources to support innovation in statistical development across the contine...

Ethiopia Sees Surge in Foreign Investment as Government Opens Trading Sector

ADDIS ABABA: Ethiopia has attracted a significant number of new foreign investors in the first quarter of the 2017 fiscal year, reflecting the country's efforts to open its economy and transform its industrial landscape. The Ethiopian Investment Commi...

Ethiopia Plans Comprehensive Studies on Transboundary Groundwater Resources

ADDIS ABABA: Ethiopia is embarking on an initiative to ensure sustainable water management, as the Ministry of Water and Energy has announced plans to conduct extensive studies on the equitable use of transboundary groundwater resources. This move is ...

Ethiopia’s Finance Minister Engages with International Finance Entities to Boost Private Sector Investment

WASHINGTON: Ethiopia's Finance Minister, Ahmed Shide, conducted discussions with representatives from the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) during the 2024 World Bank and International Mone...

High-Level Ethiopian Delegation Engages in G7-Africa Ministerial Roundtable on Economic Challenges

Washington: A high-level Ethiopian delegation, led by Finance Minister Ahmed Shide, participated in the G7-Africa Ministerial Roundtable meeting, held alongside the Annual Meetings of the World Bank Group and International Monetary Fund. The roundtabl...

Malaysia’s Prime Minister Praises Ethiopia’s Economic Growth, Strengthens Bilateral Ties

KUALA LUMPUR: Malaysia's Prime Minister, Datuk Seri Anwar Ibrahim, praised Ethiopia's significant economic growth and achievements, highlighting the nation's rising status as a crucial partner in Africa. The commendation came as Ethiopia's Prime Minis...

Ethiopia’s Economic Reforms Attract Foreign Investment, Says Austrian Ambassador

ADDIS ABABA: Ethiopia's ongoing economic reforms are drawing interest from global investors by providing a more reliable business environment, according to Austria's Ambassador to Ethiopia, Simone Knapp. According to Ethiopian News Agency, Ambassado...

Export Standard Gelila Shoes Factory Inaugurated in Ethiopia

ADDIS ABABA: Gelila Shoe Factory, a new manufacturing facility aimed at bolstering Ethiopia's manufacturing industry and export capabilities, was inaugurated today at the Bole Lemi Industrial Park. The factory represents a significant investment in Et...

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M-Pesa Foundation Launches Sh30 Million School Infrastructure Project in Murang’a

MURANG'A: Learners at Karimamwaro Primary School in Kandara Sub County, Murang'a County, are set to benefit from a Sh30 million infrastructure project commissioned by the M-Pesa Foundation. The project includes the renovation of six classrooms, the co...
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Presidents of Angola and South Africa Meet to Enhance Bilateral Cooperation

PRETORIA: Angolan President João Lourenço and South African President Cyril Ramaphosa convened in Pretoria on Thursday to discuss and strengthen cooperative relations between their respective nations. This meeting marks the beginning of President Lour...

Youth Urged to Pursue Technical Training Amid Declining White-Collar Opportunities, Says Garissa Governor

GARISSA: Garissa Governor Nathif Jama has called on the youth in the region to seek technical education to equip themselves with skills necessary for self-employment, highlighting the dwindling availability of white-collar jobs. Speaking during the Ja...

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Water and Sanitation on decline in Limpopo dam levels

A weekly report on dam levels issued by the Department of Water and Sanitation has shown a decline in Limpopo water levels from last week’s 87,2% to 86,3% this week. During a similar period last year, the province’s overall storage capacity stood at 8...

Ethiopia Warns US Against Spreading False Information on War

Ethiopia's government has asked the United States to stop...