economy

Pompeo promises to drive U.S. investments to Ethiopia – New Business Ethiopia

The United States Secretary of State Michael R. Pompeo, who is visiting Ethiopia, promises to encourage and provide support to United States companies aspiring to invest in Ethiopia. “The United States Government will encourage and provide the required support for U.s investors aspiring to invest in Ethiopia,” he said, appreciating the all-inclusive reform of Ethiopia. …

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Sudan calls for joint investment on the Nile – New Business Ethiopia

Without joint planning and investment, Nile Basin countries miss-out on opportunities of development that benefits the Nile people, says Sudan’s Minister of Foreign Affairs. “The event’s theme ‘Joint Investments on the Nile for Regional Transformation’ is one of the key elements that needs to be in place in order to achieve sustainable development goal number …

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Ethiopia launches fundraising to complete Nile Dam – New Business Ethiopia

The Government of Ethiopia on Wednesday launched another round of fundraising to complete the construction of the Great Ethiopian Renaissance Dam (GERD), which has the capacity to generate 6,000 megawatts of electricity. In her address at the fund raising launching ceremony, president of Ethiopia, Sahle-Work Zewde indicated that the water of the Nile should not …

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Ethiopia food inflation rate reaches 21 percent – New Business Ethiopia

Moving average inflation rate for food items in Ethiopia for the month of February 2020 has gone up to 20.9 percent from 19.8 percent the previous month, the state agency said. The monthly report released by the Central Statistics Agency (CSA) this afternoon shows that nationwide inflation rate for non-food items has also …

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