The Government of Ethiopia and the World Bank have signed a financing agreement worth USD 1 billion under the Second Sustainable and Inclusive Growth Development Policy Operation (DPO). The package ...

The Ministry of Finance signed public-private partnership (PPP) agreements with seven private developers to launch new projects in affordable housing, tourism, and healthcare.

Ethiopia earned over USD 102 million from electricity exports to neighboring countries in the 2022/23 fiscal year. The ...

Awash Bank has announced a record unadjusted profit before tax of Birr 22 billion for the fiscal year ending July 7, marking a 113 percent increase, equivalent to Birr 12 billion birr, compared to the ...

Prime Minister Abiy Ahmed announced that Ethiopia will begin producing and exporting gas to the global market next year, ...

Prime Minister Abiy Ahmed announced today that the Grand Ethiopian Renaissance Dam (GERD) has been completed and will be officially inaugurated this September. Speaking during the 42nd regular session ...

The House of Peoples’ Representatives has passed a new proclamation permitting foreign nationals to own immovable property in Ethiopia. The decision aims to encourage investment in the country’s real ...

The Southwestern Ethiopian Peoples’ Regional State has delivered 150 kilograms of gold to the National Bank of Ethiopia ...

Ethiopia’s Ministry of Finance has finalized a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC), formalizing a debt treatment agreement first reached in principle in March ...