The National Bank of Ethiopia intends to strengthen domestic financial institutions while also bringing in foreign…
Category: Business and Economy
Ethio Telecom has lost more than 31 billion birr in foreign exchange over the last five years
Ethio Telecom has seen five years of foreign exchange losses reaching more than 31 billion birr,…
TECNO continues partnership with UNHCR to support more refugees in Africa for higher education
Innovative technology brand TECNO announced today the strengthened partnership with UNHCR, the UN Refugee Agency, to…
Is Chinese model of development better than western ones?
By Syed Mohammad Ali While foreign assistance claims to help poorer countries become more prosperous, often…
Ethiopia halts the import of Volkswagen electric vehicles built in China
The Ministry’s information indicates that, the government is implementing various incentives for electric vehicles to be…
Safaricom announces Terek Begursha Third and Fourth Round Winners
Last Friday Safaricom Ethiopia announced and awarded winner of the secondCar, winners of two Bajajs, two…
Ethiopian Airlines board chairman Girma Wake leaves company, reasons remain unknown
Girma Wake, the former board chairperson of Ethiopian Airlines, has left his position, with federal authorities…
The Pan-African and Feminist Initiative plans to raise $1 billion over the next ten years
On June 6, 2023, Addis Ababa, Ethiopia, TrustAfrica and Urgent Action Fund-Africa, in collaboration with the…
Nine EU projects are awarded to Addis Abeba University
Addis Abeba University received nine of the 17 projects for centres of excellence in research and…
In the upcoming fiscal year, Ethiopia’s defence budget is anticipated to exceed 50 billion birr
Out of the 801.65 billion Birr federal government budget for the upcoming fiscal year, 50 billion…