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Category: Business

Ethiopia, Pakistan Discuss Defense, Aviation Cooperation

Addis Ababa: Ethiopia and Pakistan explored various avenues to strengthen bilateral and multilateral cooperation in different areas such as defense and aviation, Ethiopian Embassy in Islamabad revealed.

Ethiopian Ambassador to Pakistan, Jemal Beker d…

Council of Ministers Approves 1.5 Bln USD Agreement with IDA

Addis Ababa: The Council of Ministers, in its 38th regular session today, approved the 1.5 billion USD financial agreement with the International Development Association (IDA).

The agreement consists of a 1 billion USD grant and 500 million loan from…

China-Africa Cooperation Summit to be Held in September

The 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) will be held in Beijing from September 4 to 6, Chinese Foreign Ministry announced.

According to the Ministry, the theme of the summit is ‘Joining Hands to Advance Modernization and Buil…

Ethiopia Signs 1.5 Billion USD Support with World Bank

The Ministry of Finance disclosed that Ethiopia has signed 1.5 billion US dollars support today with the Wold Bank.

In its press release, the ministry said ‘We are pleased to announce a significant reinforcement of its long-standing partnership with …

Highlights of IMF Extended Credit Facility Report for Ethiopia

The International Monetary Fund (IMF) has highlighted the commitment of the Ethiopian government to address macroeconomic imbalances, restore external debt sustainability, and lay the foundation for high, private sector-led growth.

Following Prime Mi…