Russia provided a “debt for development” scheme for Ethiopia through which the latter can service the remaining USD 162.2 million debt it has incurred during the military regime.
Somaliland's ruling party chairman and potential successor of the sitting president blamed Addis Ababa for delaying Somaliland's plea for recognition, which he said has not been answered for the last 25 years
In spite of its huge responsibility to repay more than USD two billion in foreign debts, which it borrowed for its outstanding projects, the Ethiopian Sugar Corporation (ESC) has found itself in a grave financial crisis due to its failure to complete any of its projects.
The embattled export earning continues to take a nose dive in the first year of the Second Growth and Transformation (GTP II), according to the nine-month performance report which is expected to be presented to the House of People’s Representatives.
Aiming to remove untaxed and forged equipments from using its telecom network, the state monopoly, Ethio Telecom, is going to employ a telecom apparatus registration mechanism using its newly built Equipment Identity Registration (EIR) system.
Amidst the recent public protest in several parts of Oromia, a cyber-attack from abroad was directed on the government's central data system, Debretsion Gebremichael Minister of Communication and Information Technology (MoCIT) told MPs while presenting his ministry’s half-year performance to the House of People’s Representatives (HPR) on Tuesday.
Prime Minister Hailemarian Dessalegn, who is also chairman of the incumbent Ethiopian Peoples' Revolutionary Democratic Front (EPRDF), urged scholars not to shy away from politics, emphasizing the essence of plural political views for a diverse society like Ethiopia.
Prime Minister Hailemariam Dessalegn told parliamentarians on Thursday that the recent political unrest and the associated violence that have erupted across parts of the Oromia Regional State and the Kimant Community of the North Gondar Zone, Amhara Regional State occurred due to the lack of rapid response from the government for the question raised by the people.
The Prime Minister of the United Kingdom, David Cameron, is scheduled to visit Ethiopia at the end of this month, leading a delegation of ministers and top government officials, diplomatic sources told The Reporter.
The outstanding loan that the Commercial Bank of Ethiopia (CBE) has provided through the purchase of corporate bonds has reached 152.7 billion birr, the National Bank of Ethiopia’s annual report noted.