The World Bank has suspended the $500 million it had pledged for Ethiopia as emergency financial support. Local media reported that the Bank cited two reasons to suspend financial support; the first was the country’s sluggish effort to improve its currency exchange rate against the dollar. Both the World Bank and International Monetary Fund (IMF) […]
Ethiopian Herald, by Solomon Dibaba This time, I chose to focus on some of the conspiracy theories framed against Ethiopia by local agents and their masters against in the recent rampages of atrocities against the lives of innocent citizens, destruction perpetrated on public and private properties in some parts of the country. Ever since the […]
Al Mariam’s Commentaries “We shall never forget the barbarism and savagery committed by the greedy and ruthless TPLF junta on members of our Northern Command. We shall not rest even for a moment until this junta is brought to justice and punished. I would like to reassure the Ethiopian people once again that until our efforts […]
Capacity Medium The Raxio Group (Raxio) has acquired land at the ICT Park, in the outskirts of Addis Ababa, Ethiopia, to build the country’s first private uptime certified Tier III colocation data centre. The site, purchased through Raxio’s fully owned subsidiary in Ethiopia, Raxio Data Centre PLC (Raxio Ethiopia) is set to be commission in […]
Dhaka Tribune by, Sakil Afridi Jehan When it comes to pandemic management, how has Bangladesh performed relative to the East African nation? The outbreak of the virus which began in Wuhan, China in late December last year has taken over the world. The first case of corona virus in Bangladesh was reported on March 8 […]
EVWind The Ethiopian Parliament this week granted its final approval for the loan agreement signed by Ministry of Finance and Danske Bank for financing for the 100 megawatts Assela Wind Farm Project. This marks the end of financial negotiations and the beginning of the execution phase of the Assela Wind Farm, financed by the Danish […]
Against the backdrop of the global impacts of the COVID-19 pandemic and climate change, particularly in African countries, the Government of Ethiopia and the International Fund for Agricultural Development of the United Nations (IFAD) have launched a new US$305.7 million programme to help the most vulnerable farmers increase their resilience. The third phase of the […]
Ethiopia’s economy grew 6.1% in 2019/20 fiscal year – PM Nation Secures More Than U.S.$832m From Export Trade in 1st Quarter the current physical year New park in Ethiopia creates 10,000 jobs Ethiopia’s economy grew 6.1% in the 2019/20 fiscal year to July, less than originally projected because of the impact of the coronavirus pandemic, […]
Ethiopian Herald, by Tameru Regasa Ethiopia has a huge amount of bamboo resources that can be used as input or raw material for the furniture and construction sectors. The country, according to a study conducted by the World Bank, owns 67 percent of bamboo groves in Sub Sahara Africa, which could generate five billion USD […]
Ethiopian Herald By Tsegay Hagos Ethiopia, the first country which adopted Christianity and Islamic religions in Africa has fascinating churches, monasteries and mosques. St. Marry Zion of Aksum, the rock-hewn churches of Lalibela, Wukro, Abreha We Atsbeha, St. Marry of Gunda Gundo, Al Nejashi mosque and others are among the oldest religious spots in Ethiopia. […]
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