Ethiopian financial year runs from July 8 to July 7. The inflow marked a 30 percent increase when compared with the previous fiscal year, which was $24.7 billion. Mr Mamo said the positive ...

Ethiopia is taking bold steps toward economic self-reliance as two mega projects, the Abbay Dam and a domestic fuel production plant, near completion, the Ministry of Planning and Development (MoPD) ...

Ethiopia is struggling to harmonise exchange rates nearly a year after floating the birr, while Kenya boosts its forex reserves to KSh 1.33 trillion.

International banks and investors can apply for a licence to operate in Ethiopia immediately, according to a central bank statement, capping the government's drive to attract more overseas ...