Ethiopia’s effort to restructure its USD 1 billion international bond faced a new setback after bondholders rejected a revised proposal that had been adjusted to address concerns raised by official bilateral creditors.
Ethiopia’s negotiations to join the World Trade Organization (WTO) have entered an important stage, with senior government officials noting renewed progress in the accession process.
A data released by Ethiopian Central Statistics Agency (CSA) revealed the nation’s year-on-year inflation rate fell to 5.6 percent in September from 7.2 percent in August. This is said to be due to a slower sdrise in food and other prices.
The Yirgalem Integrated Agro-Industry Park, which is scheduled to be the newest addition to a file of industry parks sprouting across the country, will start operations in three months.
Ethiopost gained a revenue of Birr 568 million in the past six months of the current fiscal year. The company was able to collect the revenue from letter and package deliveries, EMS, logistics, and transport services. Ethiopost’s gross profit also reached Birr 146 million during the same period.
