Finance Minister Ahmed Shide convened a ministerial meeting of the Horn of Africa Initiative (HOAI) in Brussels and met EU officials on the sidelines. Minister of Finance of Ethiopia and current Chairperson of the Horn of Africa Initiative (HOAI) co-chaired the 19th Ministerial Meeting of HOAI along with the European Commission, Vice-President Margaritis Schinas from …
AvtoVAZ, the state-owned Russian automaker, and Ethiopia Engineering Group, an Ethiopian public enterprise, have signed a letter of intent to manufacture lada cars in Ethiopia. CEO of Ethio Engineering, Ambassador Suleman Dedefo, and Sales and Marketing Vice President of AvtoVAZ, ILYA SAVINOV have signed the letter of intent representing their companies. During the signing ceremony, …
Ethio Telecom today launched new value-adding services to its customers today that allow them to make phone calls with super audio and video quality. The unveiled services are “VoLTE Service”, “Rich Communication Service”, “Multimedia Messaging Service” and “Voice Mail Service”. “VoLTE service” is said to enable customers to make phone calls with superior audio and …
Ethio Telecom Rolls Out Cutting-Edge Products, Services Read More »
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 …
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 »
