Ethiopia’s Government to Increase Investment in Tulu Kapi Gold Mine
Tulu Kapi Gold Mine’s developer, KEFI Minerals, asked the Government of Ethiopia to increase its investment in the gold mining project.
Ethiopia’s Grant, Loan Disbursement Amount Increases by Over 96 percent
Ethiopia’s grant and loan disbursement amount from multilateral donors has raised by 96.8 percent in the first quarter of this Ethiopian fiscal year as compared to the same period past year, Ministry of Finance and Economic Cooperation (MoFEC) revealed.
Ethiopia’s Hydropower Dams at Full Capacity Following Rainy Season, EEP
Ethiopian Electric Power (EEP) announced that its dams were fully replenished after the recent rainy season, ensuring sufficient water for power generation to meet this year’s ambitious targets.
Ethiopia’s Import Bill Declining
Ethiopia’s central bank, National Bank of Ethiopia, disclosed the nations import bill has reached 11.7 Billion USD in the first 9 months of the current fiscal year. This is an 8 percent decline when compared to the same period from last year.
Ethiopia’s Inflation Rate Declines to 10 Percent in November
Ethiopia’s year-on-year inflation rate has declined to 10.0 percent in November from 11.8 percent in October, Fana Broadcasting Corporate (FBC) reported.
