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Ethiopia and Italy have signed a 4.7 million euro grant agreement today to strengthen sexual gender-based violence and mental health psychosocial support services. The implementing agreement is entitled “Strengthening of the SGBV (Sexual Gender Based Violence) and MHPSS (Mental Health Psychosocial Support) services in Ethiopia.” It aims to strengthen the local system in the provision …

Ethiopia, Italy Sign 4.7 Million Euros Grant Agreement Read More »

The VAT-exempt items have been reduced following a directive signed by Finance Minister Ahmed Shide last week. The revised list now includes cereals, agricultural inputs, and capital goods. Notably, animal feed, edible oil, travel agent services, prints for publication, import of fuel gas, and pension funds are now included in the taxable base. The forthcoming …

VAT Overhaul Targets Broader Revenue Base Read More »

In a remarkable showcase of African entrepreneurial talent, the Africa’s Business Heroes (ABH) Prize Competition recently hosted 40 outstanding entrepreneurs from across the continent at Alibaba’s headquarters in Hangzhou, China. The ABH Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, is dedicated to supporting and highlighting African entrepreneurs creating …

ABH offers an opportunity to 40 African Entrepreneurs to explore innovations in China Read More »

According to the latest World Investment Report published by the United Nations Conference on Trade and Development (UNCTAD) last week, Ethiopia has emerged as the leading destination for foreign direct investment (FDI) in East Africa. In the vibrant landscape of East Africa, Ethiopia stands tall as a beacon of economic progress. In 2023, it secured …

Ethiopia Emerges As Leading Destination For Foreign Direct Investment In East Africa Read More »

 Ethiopian Airlines has been named Skytrax’s Best Airline in Africa for the seventh consecutive year, winning in four prestigious categories. The Airline extended gratitude to the team and loyal passengers for the achievement. Ethiopian Airlines has been crowned as Best Airline in Africa – 7 years in a row, Best Business Class in Africa – …

Ethiopian Airlines Named Skytrax’s Best Airline In Africa For Seventh Consecutive Year Read More »

Ethiopia is working towards increasing the local pharmaceutical industry’s market share to 47% as part of its mid-term health sector development plan. This initiative aims to improve access to healthcare and reduce reliance on imported medicines. Health Minister Mekdes Daba highlighted these efforts during the inauguration of the Domestic Medical Supplies Production and Innovation Exhibition …

Ethiopia Boosts Domestic Medicine Production, Aims for 47% Market Share Read More »

The Ethiopian Accreditation Service announced plans to begin accrediting the general services of medical institutions. This move aims to build quality infrastructure and increase trust in Ethiopian products and services. Ethiopian Accreditation Service Director Bonsa Bayisa stated preparations are underway to recognize health institutions, aiming to improve service quality. Accreditation standards, guidelines, and incentives are …

Ethiopia to Introduce Medical Institution Accreditation Read More »

The former United States Assistant Secretary of State for African Affairs, and a former American foreign service officer who served as the American ambassador to Guinea and to Ethiopia, Tibor Nagy commended the Ethiopian Airlines for its service excellence and professionalism. Tibor Nagy, posting on X (Formerly Twitter), lauded Ethiopian Airlines and labeled it as …

Former U.S. Asst. Sec. Of State For African Affairs Tibor Nagy Commends Ethiopian Airlines Read More »

Ethiopia- China business cooperation promotion conference was held Friday in Addis Ababa with a call to further augment trade and investment ties between the two countries. The conference, which gathered leaders of hundreds of Chinese and Ethiopian enterprises, served as a platform to look into the extensive potential for trade and investment cooperation between the …

Beijing Holds Business Promotion Conference In Ethiopia To Augment Trade, Investment Ties Read More »

Minister of Finance Ahmed Shide held talks with the European Union (EU) Commissioner for International Partnerships Jutta Urpilainen. The two discussed Ethiopia’s economic and political situation and regional developments and cooperation under the Horn of Africa Initiative. “During a recent stop-over in Addis Abeba, Commissioner Jutta Urpilainen held constructive discussions on the economic and political …

Ethiopian Finance Minister Confers with EU Commissioner for Int’l Partnerships Read More »