Ethiopia Floats International Tender to Purchase 70,000 Tons wheat
The government of Ethiopia has floated an international tender to buy 70,000 tons of milling wheat, according to European traders.
Ethiopia Floats Its Currency, Birr Devaluates
In a dramatic departure from its longstanding economic policies, the National Bank of Ethiopia (NBE) has introduced sweeping reforms to its foreign exchange regime. The move, aimed at stimulating growth and attracting foreign investment, is expected to have far-reaching implications for the country's economy.
Ethiopia Forecast to Rebound to Double Digit Growth on IMF Backed Reforms
Ethiopia is expected to return to double digit economic growth this fiscal year, driven by a reform program supported by the International Monetary Fund (IMF) that has eased foreign exchange constraints, boosted exports, and improved macroeconomic stability.
Ethiopia Forecasts 9.2 Percent Economic Growth
Ethiopia’s Prime Minister Abiy Ahmed announced that Ethiopia’s economy is projected to grow by 9.2 percent for the 2011 Ethiopian fiscal year, 2018/19 G.C. The growth rate has shown a rise of 1.5 percent compared to last year.
Ethiopia Formally Denies News on Intention of Issuing New International Bond in 2015
Ethiopia has announced that it has denied the news on government’s plan to raise its Eurobond to USD 2 billion through a 10-year Eurobond by the end of 2015, The Daily Monitor reported.
