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July 31, 2024

Ethiopia’s Transition to A Market-led Economy

Addis Ababa: Prior to 2019, Ethiopia’s economy exhibited sustained growth, despite underlying macroeconomic imbalances. While the government’s substantial investment in infrastructure fueled expansion, it also contributed to high inflation, inadequate…

Council of Ministers Approves 1.5 Bln USD Agreement with IDA

Addis Ababa: The Council of Ministers, in its 38th regular session today, approved the 1.5 billion USD financial agreement with the International Development Association (IDA).

The agreement consists of a 1 billion USD grant and 500 million loan from…

Ethiopia, Pakistan Discuss Defense, Aviation Cooperation

Addis Ababa: Ethiopia and Pakistan explored various avenues to strengthen bilateral and multilateral cooperation in different areas such as defense and aviation, Ethiopian Embassy in Islamabad revealed.

Ethiopian Ambassador to Pakistan, Jemal Beker d…