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 has disclosed that it has secured a record 32.1 billion US dollars from foreign revenue sources in the 2024/25 fiscal year.Up from 24 billion USD in the prior fiscal year, the record shows ...

Private banks in Ethiopia are praising the government's macroeconomic reform agenda, describing it as a turning point in modernizing the financial sector, improving efficiency, and driving inclusive ...

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) ...

ADDIS ABABA, Ethiopia (AP) — Ethiopia's currency lost 30% of its value Tuesday, the day after the central bank began implementing a flexible exchange ...

ADDIS ABABA, Ethiopia (AP) — Ethiopia’s currency lost 30% of its value Tuesday, the day after the central bank began implementing a flexible exchange rate policy backed by the International ...

Ethiopia’s currency has lost 30% of its value the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary Fund as part of ...