Addis Ababa: Ethiopia has taken historic steps to address macroeconomic imbalances while fostering sustainable growth, according to the IMF. Over the past year, Ethiopia-Africa’s second most populous nation, has embarked on a comprehensive transformation of its monetary and exchange rate regimes. Recently, the country has liberalized the foreign exchange regime, adopted a more flexible exchange … Read more
Abidjan: Sidi Ould Tah of Mauritania has been elected as the 9th president of The African Development Bank (AfDB) Group during the Bank’s Annual Meetings in Abidjan, C´te d’Ivoire. Tah emerged victorious after three rounds of voting, surpassing four other candidates to secure the leadership of the pan-African institution for a five-year term. According to … Read more
Addis Ababa: The Ministry of Foreign Affairs announced the successful repatriation of over 700 Ethiopians from Myanmar. These citizens were previously living under challenging circumstances. According to Ethiopian News Agency, Ambassador Nebiat Getachew, spokesperson for the Ministry of Foreign Affairs, briefed journalists on the ministry’s political, economic, and citizen-focused diplomatic activities. He highlighted Foreign Minister … Read more
Moscow: The 13th international meeting of high-level security representatives from over a hundred countries commenced in Moscow, Russia, with a significant participation from Ethiopia. The Ethiopian delegation, led by Ambassador to Russia Genet Teshome, engaged in discussions with officials responsible for security matters. According to Ethiopian News Agency, Russia’s President Vladimir Putin addressed the opening … Read more
Addis Ababa: The Council of Ministers has passed decisions on various issues, including the 2026-2030 Medium-Term Macroeconomic and Fiscal Framework, financial agreements and proclamations concerning overseas employment and plant protection. The council, in its 46th regular session, has unanimously approved the 2026-2030 Medium-Term Macroeconomic and Fiscal Framework. This vital framework is strategically designed to broaden … Read more
Embu: Muguka farmers from Mbeere North, Embu County are up in arms over a proposed bill that seeks to strip Muguka of its legal status as a scheduled crop. The Bill, sponsored by Kilifi North MP Owen Baya, proposes to delete Muguka from the Crops Act, effectively ending its recognition as a legal crop in … Read more
