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Africa faces ‘permanent decline’ if China-West tensions rise

Africa risks losing $10bn of foreign direct investment and official development assistance if the world splits into isolated trading blocs in the wake of US-China decoupling, warns a report from the IMF.

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The Financial Sector Showing Healthy Growth, Says PM Abiy

The performance of the financial sector in Ethiopia has been showing positive growth over the past six months, Prime Minister Abiy Ahmed stated.

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African Leaders To Discuss Africa’s Resilient Growth During AFC’s 3rd Country, Stakeholder Symposium

its drive to reinforce commitment and partnership with stakeholders, the Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, will convene the 3rd edition of its Country and Stakeholder Symposium on the 4th of April 2023.

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IMF Staff In Addis Ababa For New Funding Talks

International Monetary Fund says its team is conducting technical work in Addis Ababa in preparation for a potential IMF-supported program for Ethiopia.

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Economists Pin Hope On Measures To Second Homegrown Economic Reform

The entry of foreign banks with immense capital is a catalyst to the success of the second Homegrown Economic Reform (HGER) that aims to enhance economic dynamism, experts in the area said.

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Ethiopia’s FDI Inflows In Better Shape

Following the peace agreement, Ethiopia’s Foreign Direct Investment (FDI) flows have been steadily increasing , the Ministry of Finance (MoF) said.

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Free Trade Zone To Enhance Investment, Continental Integration

Dire Dawa Free Trade Zone, the first of its kind in Ethiopia, has become promising in boosting Ethiopia’s economy, investment and regional economic integration, GCS so disclosed

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ETHIOPIA TAMRIT' EXpo To Be Held Next Month

Ministry of Industry has Launched 'ETHIOPIA TAMRIT' EXpo 2023 which will be held from May 6 -May 10 in Addis Ababa at the Millennium Hall with a view to widening the market destinations of Ethiopian manufacturing products across the global.

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Gov’t Committed To Support, Encourage Textile Investment

The government is committed to support and encourage textile investment activities in Ethiopia, State Minister of Finance Semereta Sewasew said.

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IFRS Compliant Financial Statement Pivotal to Participate in Capital Market, Says Authority Director-General

Having the International Financial Reporting Standards (IFRS) Compliant Financial Statement Would Be Beneficial To Participate In The Capital Market, A According To The Ethiopian Capital Market Authority (ECMA).