Ethiopia

Ethiopia and Somalia Settle Dispute with Turkey's Mediation: A Major Step Towards Regional Harmony

11 days ago

In a significant diplomatic breakthrough, Ethiopia and Somalia have reached an agreement to resolve their longstanding disputes through a Turkey-brokered deal. The announcement, made on December 12, 2024, marks a pivotal moment in the Horn of Africa's political landscape, as both nations have faced various tensions over territorial and resource issues.

Ethiopia Secures IMF Loan Review, Set to Receive $340.7 Million Payment

2 months ago

In a significant development for Ethiopia's economic landscape, the nation has successfully passed a crucial review by the International Monetary Fund (IMF). This milestone will pave the way for the release of a much-anticipated financial package amounting to $340.7 million. The approval comes following a series of economic reforms implemented by the Ethiopian government aimed at stabilizing the economy and fostering sustainable growth.

Ethiopia Set to Launch Sale of 10% Stake in Ethio Telecom: Details Inside!

2 months ago

In a significant move towards modernizing its telecommunications sector, Ethiopia announced plans to commence the sale of a 10% stake in Ethio Telecom starting October 16, 2024. This decision is a pivotal step in the country's strategy to enhance private sector participation and stimulate growth within one of Africa's largest economies.

Ethiopia Boosts Fuel Supply with $175 Million Injection from Central Bank

3 months ago

It appears to be a key effort towards the stabilization and sustainment of its supply of energy that it has emerged that the central bank of Ethiopia has just approved $175 million for fuel importation. This is an investment important to Ethiopia financially, being a country highly dependent on imported fuel to meet all its domestic energy needs. The decision comes at a time when the country struggles to put in place measures geared toward strengthening the nation's energy infrastructures and ensuring adequate fuel supply at all times.