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Economy of Ethiopia

May 10, 2023 (FBC) – The President of the Federal Democratic Republic of Ethiopia, Sahle-Work Zewde, visited today the 2023 “MadeInEthiopia” (Ethiopia Tamrt) expo, being held at the Millennium Hall.


Ministry of Finance Ethiopia

Ministry of Finance is one of the key macro institutions with mandates focusing on fiscal policy, public finance and external economic. The Ministry of Finance, among others is given the following powers and duties

As per Article 16 of the Proclamation No.1097/2018 Definition of Powers and Duties of the Executive Organs of the Federal Democratic Republic of Ethiopia Proclamation, the Ministry of Finance is given the powers and duties (among others) to:

Message of the Minister

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His Excellency Ahmed Shide Minister of Finance

   The Ministry of Finance has a long tradition of supporting economic growth in Ethiopia. 

However, despite the high economic growth that was realized over the past decade, Ethiopia’s economy has encountered several challenges that make it difficult for growth to sustain..... 


May 10  2023

Addis Ababa, May 10, 2023 (FBC) – The “Made In Ethiopia” (Let Ethiopia Produce /Ethiopia Tamrt) national movement has been playing crucial role in the effort to build competitive economy, Deputy Prime Minister and Minister of Foreign Affairs, Demeke Mekonnen said.

Demeke made the remark at the closing event of ‘Made In Ethiopia (Ethiopia Tamrt) Expo 2023’ that was open for public for the past five days in Addis Ababa at the Millennium Hall with the view to revitalize the country’s industry sector.

During the closing event, it is stated that the movement, initiated by Prime Minister Abiy Ahmed and being implemented under the leadership of Ministry of Industry for the last one year, has been bearing fruits.

May 04  2023

Addis Ababa, May 4, 2023 (FBC) – Prime Minister Abiy Ahmed convened the macro economic committee this morning to review current progress and evaluate future actions.

April 26  2023

Addis Ababa, April 26, 2023 (FBC) – The Council of Ministers of Ethiopia passed decisions in its 20th regular session held today, the Office of the Prime Minister confirmed.

It is stated that the Council discussed and passed a decision on the macroeconomic and fiscal framework for the medium term (2023/24-2027/28).

It has been pointed out that the framework mainly indicates that the government budget is prepared in line with macroeconomic objectives and contemplations.

April 26  2023

Addis Ababa, April 26, 2023 (FBC) – China stands ready to support Ethiopia’s post-conflict reconstruction and economic recovery to the best of its capability, Mao Ning, Spokesperson for the Chinese Foreign Ministry said.

Recall that Ethiopia’s federal government just held a recognition event in Addis Ababa to honor those who have contributed to the country’s peace process. Xue Bing, special envoy for the Horn of Africa Affairs of the Chinese Ministry of Foreign Affairs, attended the event and was awarded a certificate of recognition by Ethiopian Prime Minister Abiy Ahmed.

April 26 2023

Addis Ababa, April 26, 2023 (FBC) – Invest Ethiopia 2023, an annual Investment Forum organized jointly by the Ethiopian Investment Commission (EIC) and the Ministry of Foreign Affairs of Ethiopia and other Gov’t sectors under the theme “Invest and Grow in Ethiopia: The Land of Attractive Investment Opportunities,” kicks off today in Addis Ababa in a hybrid format.

Speaking at the opening ceremony, Ahmed Shide, Minister of Finance, said that “Ethiopia is open for business and the Government is committed to steadfastly increase investment attraction and retention.”

April 20  2023

Addis Ababa, April 20, 2023 (FBC) – The Minister of Finance of Ethiopia, Ahmed Shide, held a meeting with William Roos, Assistant Secretary Multilateral at the French Ministry of Economy and Co-Chair of the Official Creditors Committee (OCC) for Ethiopia, under the G20’s  Common Framework for Debt Treatment, Ministry of Finance said.

According to the Ministry, the meeting provided an opportunity for the parties to review the progress of the several agreements reached between President Emmanuel Macron and Prime Minister Abiy Ahmed during the two leaders’ meeting in February this year.

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