Ethiopia is set to secure an estimated USD 115 million in carbon trading revenue through landmark agreements with the World Bank and the Norwegian government, the Ethiopian Forest Development (EFD) has announced.
The Ministry of Mines (MoM) announced that the construction of three gold mining factories was progressing rapidly, with the aim of generating USD 800 million from the sector this fiscal year.
A group of international investors has formally notified the Ethiopian government that it may pursue legal action in English courts as early as May following the collapse of a recent debt restructuring deal, according to two sources familiar with the matter.
The Federal Public Procurement and Property Authority reported that more than Birr 308 billion worth of procurement was facilitated through the electronic procurement system in the 2024/25 fiscal year.
Ministry of Trade disclosed Ethiopia has finalized works to join the Eastern and Southern African Common Market (COMESA) free market area.
