The National Bank of Ethiopia (NBE) has announced the adoption of an interest-rate-based monetary policy regime in line with international best practices to ensure price stability and foster economic growth. The new regime comes as the central bank takes a major step to switch away from the previous credit ceiling policy. This is to ensure […]
Coffee exports have brought Ethiopia $835 million in revenue over the past nine months, an industry institution said Tuesday. The East African country exported 174,596 tons of coffee to the international market during the first nine months of the current Ethiopian 2023/24 fiscal year. The fiscal year started on July 8, the Ethiopian Coffee and […]
Ethiopia’s deal to lease a port in Somalia’s breakaway region of Somaliland has infuriated the government in Mogadishu and prompted concern it will further destabilise the Horn of Africa region. Under a memorandum of understanding signed on Jan. 1, landlocked Ethiopia would lease 20 km (12 miles) around Somaliland’s port of Berbera for 50 years, in exchange […]
An ongoing cholera outbreak in Ethiopia has so far claimed 300 lives, the World Health Organisation (WHO) said in its latest situation update. According to the latest health cluster bulletin for Ethiopia released on Friday, the outbreak, has spread into 113 districts across 10 regions in Ethiopia. The chollera broke out since Aug. 27, 2022. […]
British museums have handed over many looted artefacts to the Ethiopian Embassy in London, Ethiopian state-affiliated media outlet, Fana Broadcasting Corporate, reported on Friday. The artefacts included Ethiopian Orthodox Tewahedo Church (EOTC) tablets, a lock of hair of an Ethiopian prince, three cups made of silver and a shield. The British handed over the artefacts […]
Unrest in Ethiopia’s western Gambella region has displaced at least 12,000 people, a UN agency said Friday. In its Ethiopia Situation Report, the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) announced that at least 12,000 people were displaced due to recent violence in Gambella. These people, it said, are requiring humanitarian assistance. […]
The Nigerian Mission in Ethiopia will demand full investigation into the circumstances that led to the death of a Nigerian, Chizoba Favor Eze, in Ethiopian Prison. Mrs Abike Dabiri-Erewa, Chairman of Nigerians in Diaspora Commission (NIDCOM) stated this while reacting Eze’s death. Her reaction is contained in a statement issued by Abdur-Rahman Balogun, Head of […]
The Ethiopian government and the United Nations Industrial Development Organisation (UNIDO) have joined hands to boost efficiency in the coffee value chain. As part of the cooperation, the Ethiopian Ministry of Agriculture and UNIDO inked a cooperation agreement worth ten million Euros ($9,929,400) to facilitate loans to stakeholders engaged in the coffee value chain, state-affiliated […]