Economy & Business

Highlights: The new agreement in FFD3 Addis Ababa Conference

Countries on Wednesday agreed on a series of bold measures to overhaul global finance practices and generate investments for tackling…

What makes the FFD3 Conference in Addis a big deal?

“This year, we can make history by adapting an ambitious, sustainable development agenda and a universal climate agreement. But without…

Ethiopia designated World Best Tourist Destination & Favorite Cultural Destination

Ethiopia designated as the World Best Tourist Destination for 2015 and as the Favorite Cultural Destination in 2015. Prime Minister…

Ethiopia: IMF projects 8.7% growth, urges for more private sector role

IMF projects Ethiopia to grow 8.7% and 8% for the current and the next fiscal years, respectively. Whereas, the World…

Ethiopian Roads Authority gets new chief, stirs ‘revolving doors’ concerns

Prime Minister Hailemariam Desalegn appointed, Araya Girmay, deputy manager of Sur construction plc., as Director General of Ethiopian Roads Authority…

Watchdog: Roads Authority prone to corruption and overruns

The Federal Ethics & Anti-Corruption Commission (FEACC), revealed that it found the contracting practices of Ethiopian Roads Authority (ERA) vulnerable…

British police investigating Eritrean Embassy for money extortion

The Metropolitan police are examining allegations that the Eritrean embassy in London is illegally using a controversial diaspora tax to…

Why the Economist wants to meddle in Ethiopian domestic politics

(E. Dawud) The Economist, with more than its 2 million weekly subscribers, is one of the best informed news magazine…

Ethiopia to establish a Secondary Capital Market in a Year

Ethiopia is set to establish a Secondary Capital Market for local currency and Treasury bills in about a year.  “Foreign…

MasterCard sets up shop in Somalia, starts issuing Credit Cards

(Matina Stevis) MasterCard Worldwide this week started issuing credit cards in Somalia in a bid to tap the $1.6 billion…

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