Ethiopia’s economic reforms mark major progress
Addis Ababa, April 13, 2025 (FMC) – Ministry of Finance stated that this budget year marks a significant departure from previous years, as Ethiopia embarks on sweeping macroeconomic reforms.…
Afreximbank reaffirms commitment to fostering compliance in African banks
Addis Ababa, April 13, 2025 (FMC) -- The African Export-Import Bank's (Afreximbank) Compliance Director Idrissa Diop emphasized the bank’s commitment to enhancing compliance frameworks…
Former Ethiopian PM urges Africa to build domestic capacity to accelerate SDGs progress
Addis Ababa, April 13, 2025 (FMC) — Ethiopia’s former Prime Minister and current Board Chair of AGRA, Hailemariam Dessalegn underlined that Africa must turn inward and strengthen its…
Ethiopia is speeding up logistics reforms in alignment with AfCFTA
Addis Ababa, April 13, 2025 (FMC) -- The Ministry of Transport and Logistics has announced that Ethiopia has prioritized logistics reform in alignment with the African Continental Free Trade…
Ethiopian Orthodox, Catholic Christians celebrate Palm Sunday
Addis Ababa, April 13, 2025 (FMC) -- Ethiopian Christians from various denominations united in spirit and devotion to celebrate Palm Sunday, locally known as Hosanna, with sacred rituals,…
Ethiopia’s Bedatu Hirpa wins Paris Marathon title
Addis Ababa, April 13, 2025 (FMC) — Ethiopia's Bedatu Hirpa edged compatriot Dera Dida by four seconds to win the women's race in the Paris Marathon, while Kenya's Benard Biwott cruised to…
AUSSOM Ethiopian troops praised for effective operations in Somalia
Addis Ababa, April 13, 2025 (FMC) — Ethiopian troops deployed in Somalia under the AUSSOM mission are conducting effective operations, according to Maj. Gen. Adamneh Mengistie, Head of the…
GERD proves Ethiopians, Diaspora can mobilize billions to build other mega projects:…
Addis Ababa, April 13, 2025 (FMC) — The Grand Ethiopian Renaissance Dam (GERD), which is built by Ethiopians and the Ethiopian Diaspora, showcases that Ethiopians can mobilize billions to…
Ethiopia’s external debt-to-GDP ratio falls to 13.7%
Addis Ababa, April 12, 2025 (FMC) – Ethiopia’s external debt burden has significantly eased, with the debt-to-GDP ratio now standing at 13.7%, according to a macroeconomic report presented…
GERD 98.66% Complete, Six Units Operational, Review Shows
Addis Ababa, April 12, 2025 (FMC) – The Grand Ethiopian Renaissance Dam (GERD) has reached 98.66% completion, with six of its generating units currently operational, according to a progress…