Reports show Ethiopia gained 4.8 Billion USD from China between 2000 to 2020, being the top beneficiary of Chinese debt next to Angola and Kenya.
Despite its one-year early stage of operation, WegenFund has so far raised more than 2 million ETB for various causes
The requirement of foreign banks to buy a 40% share from local banks is among the preconditions laid by the National Bank
The company said it became obliged to import all the sugar it needs for its production which led to incurring high foreign currency costs
Despite the absence of natural or other attractions, the hotel business in Adama is thriving with conference tourism.
Sidama coffee is one of Ethiopia's local coffee variants & is among the coffee brands the well-known franchise, Starbacks, uses to brew coffee
The black market exchange rate of 1 USD which almost surpassed 100 ETB a couple of weeks ago currently fell to about 78 ETB
A historical incident has made Gondar one of the places which receive most of Ethiopia’s remittances
Due to the declining demand from Sudan, EEP can not make the target foreign currency income
It is supposed that citizens are affording the fuel price amidst the mounting debt on the government’s Price Stabilization Fund.