economy

economy

US Firms Join Ethiopia Mega Airport Project

US Firms Join Ethiopia Mega Airport Project

Africa-Press - Ethiopia. A senior official at a local source stated that the United States is seeking to involve its companies in...
Strait of Hormuz Disrupts Africa'S Economy

Strait of Hormuz Disrupts Africa’S Economy

Africa-Press - Ethiopia. The repercussions of disruptions in global supply chains and the closure of vital maritime corridors, alongside rising security and...
Hormuz Closure Drives Prices up in Ethiopia

Hormuz Closure Drives Prices up in Ethiopia

Africa-Press - Ethiopia. The repercussions of the American-Israeli war on Iran and the tensions in the Gulf region, particularly around the Strait...
China-Africa Trade Hits Record High

China-Africa Trade Hits Record High

Africa-Press - Ethiopia. China announced that its trade with Africa reached a record level in the first half of 2026, attributing this...
ECOWAS Plans Single Currency by 2027

ECOWAS Plans Single Currency by 2027

Africa-Press - Ethiopia. The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to launching its unified currency "ECO" by...
Africa Owes IMF $38.6 Billion

Africa Owes IMF $38.6 Billion

Africa-Press - Ethiopia. The total debt of African countries to the International Monetary Fund amounts to $38.6 billion, representing 31.5% of total...
Corridor Development Transforms Addis into Tourism Hub

Corridor Development Transforms Addis into Tourism Hub

Africa-Press - Ethiopia. Addis Ababa’s ongoing corridor development has transformed the Ethiopian capital from primarily a transit point into an increasingly attractive standalone tourism...
Ethiopia, EU Seek Stronger Partnership

Ethiopia, EU Seek Stronger Partnership

Africa-Press - Ethiopia. Ethiopia and the European Union discussed ways to enhance their bilateral partnership and expand economic cooperation during a visit...
Ethiopia Lifts Credit Cap and Raises Policy Rate

Ethiopia Lifts Credit Cap and Raises Policy Rate

Africa-Press - Ethiopia. The National Bank of Ethiopia (NBE) has removed restrictions on how much commercial banks can lend as part of a new...
Africa Pastoral Markets Forum Aims to Boost Livestock Sector

Africa Pastoral Markets Forum Aims to Boost Livestock Sector

Africa-Press - Ethiopia. The First Africa Pastoral Markets Forum opened in Addis Ababa on Monday with a call to transform Africa's pastoral livestock sector...