Nexara

 The Commercial Bank of Ethiopia (CBE) has received recognition and certification from SISA, an international organization working on cyber security, for meeting the requirements of the Payment Card Industry Data Security Standard (PCI DSS). It is noted that the bank has been able to be recognized for meeting basic cyber security requirements such as using …

CBE Payment Card Service Receives Security Certification Read More »

The Ministry of Finance of Ethiopia today held a Global Investor Call to update its bondholders on the latest macroeconomic developments in the country, the status of its engagement with development partners, and Ethiopia’s strategy towards external creditors on debt treatment, the Ministry of Finance disclosed. State Minister Eyob Tekalign led a one-hour session with …

Ethiopia Holds Global Investor Call, Reiterates Intention To Treat All External Creditors Equitably Read More »

Africa’s average debt-to-GDP ratio will remain high at 66% in 2023 and stabilize at 65% in 2024, the African Union indicated, citing a recent research analysis. This is due to growing financing needs associated with rising food and energy import bills, high debt service costs, exchange rate depreciations, and rollover risks. In addition, many countries …

Africa’s Average Debt-To-GDP Ratio Will Stabilize At 65% In 2024: Research Read More »

Africa as a whole needs strong relations with other countries across the globe to register huge economic development, Professor Jeffrey Sachs observed. The Office of the Prime Minister held its first “Perspectives” – PMO Occasional Lecture Series yesterday by featuring the world-renowned development economist Professor Jeffrey Sachs. In his lecture, the professor said Africa as …

Africa’s Cooperation with Other Countries Crucial for Dev’t, Says Economics Prof. Sachs   Read More »

The highly reputed international living economist, Professor Jeffrey Sachs said that the next 40 years will be Africa’s years. The Office of the Prime Minister launched and held the first “Perspectives” – PMO Occasional Lecture Series today featuring world-renowned development economist Professor Jeffrey Sachs. In a lecture he gave to high-ranking government officials, diplomatic corps, …

Next 40 Years Will be Africa’s Years, Says Professor Jeffrey Sachs Read More »

The involvement of international companies in the Ethiopian market is critical in creating competition and bringing capital into the country, United Nations Development Program (UNDP) Ethiopia Economic Advisor Zafar said. The primary objective of Ethiopia’s Home-grown Economic Reform is to sustain growth through creating an economic environment supportive of private investment and structural transformation. In …

Int’l Companies Crucial In Creating Competition, Bringing Capital: UNDP Economic Advisor Read More »

An Ethiopian Business and Investment Forum that aims to consolidate the economic foundation of Ethio-Qatari ties with a focus on enhancing cooperation on horticulture, agri-business, and tourism was held in Doha, Qatar, today. Opening the forum, Foreign Affairs State Minister Mesganu Arga said Ethiopia welcomes Qatari enterprises to invest and take advantage of its untapped …

Ethiopian Business, Investment Forum Held in Doha Read More »

Japanese investors who participated in the Ethio-Japan Investment Forum and visited some of the industrial parks acknowledged that Ethiopian industrial parks are suitable for investment. Japanese investors and various officials who participated in the forum visited the Bole Lemi and Kilinto Industrial Parks. During their visit, the members of the Japanese business delegation observed firsthand …

Japanese Investors Say Ethiopian Industrial Parks Conducive For Investment Read More »