Abiy Ahmed Stories
Amid soaring prices, some Tigray locals have stormed banks to withdraw money to buy and hoard food and other essential goods.
The announcement was made by the Office of the Prime Minister on Sunday, confirming that Abiy secured the position “with a significant number of votes...
The rise was attributed to the exchange rate adjustment and new loans amounting to $1.6 billion, secured from the International Monetary Fund (IMF) an...
AUSSOM replaces the African Union Transition Mission in Somalia (ATMIS), marking a critical phase in transferring national security responsibilities t...
Bulcha Demeksa will be remembered as a visionary, a statesman, and a tireless advocate for justice, leaving behind a legacy that will inspire generati...
The project is expected to provide irrigation for up to 10,000 hectares of agricultural land, enhancing local food production and supporting the livel...
Last month, Ethiopia and IMF agreed on the second review of a $3.4 billion financing programme.
Somalia expressed a willingness to facilitate Ethiopia's maritime needs, provided Somali sovereignty remains intact.
The militant group Harakat al-Shabaab, as it refers to itself, arose out of Ethiopia’s Somali regional state 18 years ago.
Ethiopia's telecoms industry, serving a population of about 120 million, was considered a big prize in the government's efforts to open up the economy...
Workneh Gebeyehu, the IGAD Executive Secretary, extended his congratulations to Abiy on his new role, expressing optimism about the future of the regi...
The IMF deal unlocked more financing from lenders including the World Bank and paved the way for a fresh debt restructuring push.
Turkey has been actively working to mediate and reduce tensions between the two countries.
The statement noted that the weighted average rate of all successful bids was birr 107.9 per USD.
PM Abiy also established a task force to ensure the measures put in place to cushion the vulnerable are not exploited.
“Will some people be hurt by inflation? Yes. But this isn’t about striking gold or birr; it’s about making tough choices with significant benefits,” P...
It remains to be seen how PM Abiy will navigate these reforms, especially in light of the developments in Kenya and Ghana where both countries are fac...
The birr currency fell 30 per cent against the dollar to 74.73 per dollar after the restrictions were lifted, the biggest commercial lender said.
Ethiopia has been under pressure, including from the International Monetary Fund (IMF), to move to a market-determined exchange rate to deal with an o...
Jawar stresses that a critical issue remains unaddressed: the political settlement and reintegration of Tigray into the Ethiopian federation.
