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June 14, 2024 (FBC) – During its 35th regular session held today, the Ethiopian Council of Ministers passed decisions on key economic bills, including the banking sector legislation, loan agreements with IDA, property tax, and impact assessments of development projects.

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June 14,  2023 
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Addis Ababa, June 14, 2024 (FBC) – During its 35th regular session held today, the Ethiopian Council of Ministers passed decisions on key economic bills, including the banking sector legislation, loan agreements with IDA, property tax, and impact assessments of development projects.

Initially, the Council deliberated on a bill aimed at ratifying the loan agreement signed between the Ethiopian government and the International Development Association (IDA) for the Second Urban Water Supply and Sanitation projects. The loan, worth 207,200,000 US dollars, will be utilized to enhance drinking water supply, sanitation, and hygiene services, as well as to bolster the performance capabilities of the sector. Notably, the loan is interest-free, with a service charge of 0.75%, and will be repaid over a period of 38 years, including a 6-year grace period.

June 14,  2023 
French delegation

Addis Ababa, June 14, 2024 (FBC) – A French delegation led by France’s Directorate for Security and Defence Cooperation at the Ministry of Foreign Affairs, General Régis Colcombet, visited the Ethiopian International Peace Support Training Institute.

The French delegation has been briefed by higher officials on Ethiopia’s continued role in the UN Peacekeeping missions and the major activities being carried out the training institute.

General Régis Colcombet appreciated Ethiopia’s continued contribution in the UN Peacekeeping missions both at the continental and international levels.

June 14,  2023 
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Addis Ababa, June 14, 2024 (FBC) – Ethiopia has succeeded in substituting 2.2 billion USD worth import products during the past 10 months of this ongoing Ethiopian Fiscal Year, Industry Minister Melaku Alebel disclosed.

The minister also stated that the industry sector has registered 10.1 percent growth and this shows that the country can achieve 7.9 percent total growth at the end of the fiscal year.

According to him, the Ethiopia Tamirt (Made in Ethiopia) movement successively implemented for the last few years has played crucial role for the spurring of the sector.

During the past 10 months, 129 heavy industries have entered operation in the last ten months, following the new investments that have entered the sector, he added.

June 14,  2023 
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Addis Ababa, June 14, 2024 (FBC) – Minister of Labor and Skill Ms. Muferihat Kamil disclosed that domestic and oversea employment opportunities have been created for more than 3 million citizens over the last 10 months.

Ms. Muferihat noted that great emphasis has been placed on empowering workers to acquire the required skills as those who would be employed at national level and abroad.

In particular, the minister recalled that the necessary preparation for the deployment of skilled manpower to abroad is being done, she said, adding that eligible workers are being certified apart from providing training.

According to her, 314,000 Ethiopians have benefited from overseas employment in the last ten months of the just ended Ethiopian financial year.

June 14,  2023 
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Addis Ababa, June 14, 2024 (FBC) – Ethiopia’s Tourism Minister Nasisie Chali said the activities being undertaken to boost the contribution of the tourism sector to the national economy have been bringing about results.

ENA’s report recalled that a 100-day performance review of this concluding Ethiopian Fiscal Year was conducted in the presence of Prime Minister Abiy Ahmed.

Tourism Minister Nasisie noted that tourism was one of the thoroughly reviewed sectors during the performance evaluation meeting.

The minister pointed out that the tourism sector was among the issues extensively discussed during the meeting.

June 14,  2023 
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Addis Ababa, June 14, 2024 (FBC) – The government of Djibouti, through the Ministry of Infrastructure and Equipment, the Djibouti Ports Corridor Road (DPCR), and the Delegation of the European Union in Djibouti and IGAD has today launched a digital vehicle fleet management system for trucks on Addis Ababa Djibouti corridor.

The digital fleet management system is said crucial to transform the movement of goods between Djibouti and Ethiopia. This system will directly impact the efficiency of goods transported along the corridor routes.

This is the first practical step of a strategic partnership between the EU and the Republic of Djibouti: the EU’s support for the Horn of Africa initiative strategy, in collaboration with the governments of the Republic of Djibouti and the Federal Democratic Republic of Ethiopia.

June 14,  2023 
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Addis Ababa, June 14, 2024 (FBC) – The Ethiopian Consulate in Dubai and Northern Emirates in collaboration with Ethiopian Airlines Dubai office hosted a roundtable discussion on tourism opportunities in Ethiopia.

Over 15 companies in the tourism sector actively engaged in the event, aiming to spotlight the abundant tourism prospects in Ethiopia.

The discussion sought to establish a platform for well-known tour operators in the United Arab Emirates to integrate Ethiopia into their tour packages.

During the event, Consul General Ambassador Aklilu Kebede emphasized Ethiopia’s rich natural, historical and cultural attractions, inviting tour operators to capitalize on this opportunity.

June 13,  2023 
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Addis Ababa, June 13, 2024 (FBC) – Prime Minister Abiy Ahmed (PhD) received Mahamoud Ali Youssouf, the Foreign Minister of Djibouti, at his office this morning.

Djiboutian Minister Mahamoud Ali Youssouf came bearing a message from President Ismail Omar Guelleh to Prime Minister Abiy Ahmed.

“Such exchanges serve as vital channels for dialogue and cooperation, fostering mutual understanding and collaboration on bilateral and regional matters of shared interest,” the Prime Minister noted.

June 13,  2023 
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Addis Ababa, June 13, 2024 (FBC) – The Office of the Prime Minister mentioned tourism as one of the priority sectors identified through Ethiopia’s home grown economic reform program, enhancing facilities, services and experiences is a key area of intervention.

With many national parks filled with natural and wildlife endowments, safari experiences are key to attracting tourists, the Office underscored.

As per the direction set by the Prime Minister to the Ministry of Industry in the March 2024 100-day Council of Ministers evaluation for the production of safari cars, the Ministry of Industry today handed over to the Office of the Prime Minister, the sample single pick-up cars that have been converted into safari cars locally.

June 13,  2023 
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Addis Ababa, June 12, 2024 (FBC) –

Deputy Prime Minister Temesgen Tiruneh disclosed today that concerted efforts have been underway to put an end to aid dependency in Ethopia by developing potential natural resources.

The deputy premier made the remark at the conclusion of the 100-day evaluation meeting held in the presence of Prime Minister Abiy Ahmed.

According to DPM Temesgen, the performance evaluation focused on the performance of the macro-economy and the major sectors.

June 13,  2023 
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Addis Ababa, June 13, 2024 (FBC) – State Minister for Foreign Affairs, Ambassador Mesganu Arga received the UK Special Envoy to the Horn of Africa and Red Sea, Alison Blackburne at his office.

The two discussed bilateral issues of mutual concern, latest developments in Ethiopia, peace and security issues in the Horn of Africa and economic and development issues.

They exchanged views on how to strengthen UK’s support to the efforts being exerted by the international community to ensure peace and stability in the Horn of Africa and expand trade and investment in Ethiopia.

June 13,  2023 
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Addis Ababa, June 13, 2024 (FBC) – State Minister Ambassador Mesganu Arga met with Simone Knapp, Ambassador of the Republic of Austria to Ethiopia, today to discuss bilateral relations between Ethiopia and Austria.

Ambassador Mesganu expressed hope that the longstanding relations between the two countries would be further strengthened through various engagements, particularly in the economic sector.

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