S. Korea Provides 7 Million USD Assistance to Ethiopia

The government of South Korea has decided to provide a total of 7 million USD assistance to the conflict-affected and vulnerable regions of Ethiopia through international aid agencies.

The assistance aims to support the Disarmament, Demobilization, …

Ethiopia’s Macroeconomic Policy Enhances Monetary Policy, Modernizes FX Administration: Experts

The implementation of Ethiopia’s macroeconomic policy will enhance the country’s monetary and fiscal policies in addition to its contribution to modernize the existing foreign exchange administration, Finance and Planning and Development ministries s…

Ethiopia’s Macroeconomic Policy Guarantees Prosperity on Firm Foundation: Officials

The full implementation of macroeconomic policy in Ethiopia will guarantee national development by creating stable, comprehensive and sustainable economy, senior government officials underscored.

Ethiopia has embarked on full implementation of macro…

National Bank of Ethiopia to Conduct Special Foreign Exchange Auction Tomorrow

The National Bank of Ethiopia (NBE) announced that it will be conducting a Special Foreign Exchange Auction tomorrow on August 7, 2024.

Depending on market conditions, additional foreign exchange auction may be conducted over the coming weeks, it re…

Construction Progress of Housing for Vulnerable Communities Exemplifies Shift in Work Culture

This year’s construction progress of housing scheme for the elderly and economically vulnerable communities around Aware area in Addis Ababa exemplifies a shift in work culture, merging quality with speed, Prime Minister Abiy Ahmed stated in social m…