Ethiopia stands firm for peaceful Red Sea access: Premier

ADDIS ABABA-Prime Minister Abiy Ahmed (PhD) reaffirmed Ethiopia’s commitment to regional peace and dismissed allegations of territorial violation, underscoring the nation’s legitimate pursuit of access to the sea. During the 6th round... Read more »

Ethiopia to record 8.4% economic growth in this FY

-Gov’t to collect 1.5 trillion Birr revenues ADDIS ABABA –The government is intensifying efforts to achieve 8.4% economic growth during this Ethiopian fiscal year, Prime Minister Abiy Ahmed (PhD) said. Responding to... Read more »

Ethiopia’s digital revolution sparks startup boom, job creation

ADDIS ABABA – As part of the Digital Ethiopia 2025 plan, the number of startups in Ethiopia has surged from 50 to 950, benefiting entrepreneurs while generating jobs and expanding market access... Read more »

Ministry stresses establishing tourism zone to promote dev’t

ADDIS ABABA – Tourism State Minister Sileshi Girma suggested the need to establish a tourism zone in the capital to promote tourism and social development. This was disclosed during a panel discussion... Read more »

Fitch upgrades Ethiopia’s credit rating

ADDIS ABABA – Fitch Ratings has upgraded Ethiopia’s Long-Term Local-Currency (LTLC) Issuer Default Rating from ‘CCC-’ to ‘CCC+’, citing a reduction in financial pressures and improved macro-economic stability. This upgrade represents a... Read more »

Ethiopia expands export horizons

Over 15 new products enter global markets annually ADDIS ABABA- Government initiatives in the manufacturing sector have significantly boosted the annual introduction of new export items , according to the Ministry of... Read more »

Czech Republic lauds Ethiopia’s reforms

Plans high-level visit to strengthen economic ties ADDIS ABABA- Ethiopia’s recent macroeconomic reforms are expected to address key economic challenges and boost investment, said Czech Republic Ambassador to Ethiopia, Miroslav Kosek. In... Read more »

Scholar prescribe counter-diplomacy towards HoA’s evolving geopolitics

ADDIS ABABA – As Ethiopia continues to face threats from anti-peace elements, a political science scholar suggested the need to involve in counter-diplomacy to defend both national security and regional peace across... Read more »

Ethiopia on track to meet export goals

The Ministry of Trade and Regional Integration (MoTRI) reported a significant rise in export revenue during its first-quarter performance review. This growth is attributed to macro-economic reforms launched at the beginning of... Read more »

Ethiopia’s revenue hits 180 bln Birr in Q1

Reports 890 mln USD FDI ADDIS ABABA– The Ministry of Planning and Development (MoPD) announced that Ethiopia secured 180 billion Birr in revenue and attracted 890 million USD in foreign direct investment... Read more »