economy

Ethiopia attracts 12 major telecom operators for two licenses – etbaba.com

Ethiopia attracts 12 major telecom operators for two licenses Following the launching of Expression of Interest process for the issuance of two new full-service telecommunication licenses in Ethiopia, 12 major telecom operators have shown interest. On its statement Ethiopian Communications Authority (ECA) said it has received complete information and expression of interest from the Global …

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Cement price in Ethiopia stabilizing,says Ministry – etbaba.com

Cement price in Ethiopia stabilizing,says Ministry The Ministry of Trade and Industry of Ethiopia said the price of cement has been stabilizing over the past days as a result of regulatory measures taken by the Ministry. The price of cement which was almost doubled to around 450 birr (about $13 at current exchange rate) per …

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Ethiopia introduces 10 years plan to become prosperous – etbaba.com

Ethiopia introduces 10 years plan to become prosperous NEWS – Planning Commission of Ethiopia introduces a ten years development plan that targets cutting the number of people living below poverty line by more than half. Fitsum Assefa (PhD), Minister of Planning and Development Commission, indicated that the plan focuses mainly on developing agriculture, tourism, manufacturing, …

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Ethiopia expects 6 percent economic growth – etbaba.com

Ethiopia expects 6 percent economic growth Amidst the challenges faced by the outbreak of the global pandemic, coronavirus, Ethiopian economy is expected to grow by six percent this year, Prime Minister Abiy Ahmed said. Addressing the members of parliament on various topics this morning, Prime Minister Abiy stated that coronavirus has not only brought challenges …

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Ethiopian parliament approves $1.4 billion additional budget – etbaba.com

To mitigate the economic and social impacts of COVID-19, Ethiopian Parliament on Friday approves an addition budget of 48.6 billion birr (about $1.43). Most of the additional budget will be used for supplying food and necessary facilities for some 15 million Ethiopians affected by the impacts of coronavirus (COVID-19), according to the Minister of Finance …

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Ethiopian parliament approves $1.4 additional budget – etbaba.com

To mitigate the economic and social impacts of COVID-19, Ethiopian Parliament on Friday approves an addition budget of 48.6 billion birr (about $1.43). Most of the additional budget will be used for supplying food and necessary facilities for some 15 million Ethiopians affected by the impacts of coronavirus (COVID-19), according to the Minister of Finance …

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Ethiopia secures $122 million from industry parks – etbaba.com

Industrial parks in Ethiopia have exported worth $122 million products during the first nine months of current Ethiopian fiscal year started July 8, 2019. The income has increased by 32 percent from same period the previous year, according to Lelise Neme, CEO of Industrial Parks Development Corporation the state agency in charge of building and …

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Ethiopia advises Dutch investors to diversify investments – etbaba.com

Ethiopia advises investors from the Netherlands (Dutch investors) to diversify their investments from the horticuture and flower industry and engage in other sectors the East African country is offering. During the webnar held on Thursday Million Samuel Ambassador of Ethiopia to the Netherlands advised Dutch Companies not to be limited in floriculture / horticulture and …

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