Business

PM Abiy Says ‘Made in Ethiopia’ Movement Yielding Encouraging Progress in Manufacturing Sector

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Addis Ababa: Prime Minister Abiy Ahmed underscored that the ‘Made in Ethiopia’ movement has yielded encouraging progress in developing the country’s manufacturing sector. According to Ethiopian News Agency, launched three years ago, the ‘Made in Ethiopia’ movement has made significant strides in enhancing the country’s manufacturing capabilities, as highlighted by the Premier on social media … Read more

Ethiopia’s Finance State Minister Discusses WTO Accession with U.S. Trade Representative

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Washington: Ethiopia’s Minister of Finance, Dr. Eyob Tekalign, engaged in discussions with Neil J. Beck, Assistant USTR for WTO and Multilateral Affairs at the Office of the U.S. Trade Representative. This meeting took place on the sidelines of the 2025 IMF-World Bank Spring Meetings. According to Ethiopian News Agency, Dr. Eyob updated Beck on Ethiopia’s … Read more

Addis Ababa City Administration Achieves 93 Percent of Its Nine-Month Plan

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Addis Ababa: Addis Ababa City Administration has achieved an average of 93 percent of its nine-month plan for the 2017 Ethiopian fiscal year, Mayor Adanech Abiebie confirmed. Speaking at the conclusion of a two-day nine months’ performance review that assessed the city’s progress across various development sectors, Mayor Adanech highlighted significant achievements not only in … Read more

AfCFTA Opens Alternative Markets to Sectors Affected by Global Tariff Wars: Continental Report

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Addis Ababa: Against the backdrop of rapid changes, marked by rising debt and global trade tensions that have cast a shadow over Africa’s post-COVID-19 economic recovery, the Economic Commission for Africa (ECA) and the Policy Center for the New South held a national dissemination launch of the Economic Report on Africa 2025 (ERA 2025). According … Read more

Ethiopia’s Finance Minister Engages in Productive Bilateral Talks with Officials from US State Department

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Washington: The Finance Minister of Ethiopia Ahmed Shide and the Ethiopian Ambassador to the United States, Binalef Andualem, held productive bilateral discussions with officials from the US State Department today. According to Ethiopian News Agency, the discussion took place on the sidelines of the 2025 WB-IMF Spring Meetings and included US State Department officials such … Read more

Afreximbank Initiates 3 Billion USD Oil Financing Program for Africa and Caribbean

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Cairo: African Export-Import Bank (Afreximbank) has launched a US 3 billion USD Revolving Intra-African Oil Trade Financing Program to finance the purchase of refined petroleum products by African and Caribbean oil buyers. The objective of the program is to address Africa’s persistent reliance on imported refined petroleum products, which accounted for an amount of 30 … Read more