The executive board of the International Monetary Fund on Friday approved the second review of Ethiopia's current financing program, the fund said, paving the way for a disbursement of about $250 million.

The continent’s family firms are often reluctant to open their books to scrutiny. As a familiar joke goes, the biggest listed companies in Africa tend to be the BBC: banks, breweries and cement. In Ethiopia,

The International Monetary Fund’s executive board of directors is scheduled to meet this week to discuss Ethiopia’s latest review under a $3.4 billion loan.

Somalia's president visited Ethiopia on Saturday, his office said, the strongest sign yet of improving relations between the two neighbours after a year of tensions over Addis Ababa's plans to build a naval base in a breakaway Somali region.

The IMF Executive Board completed the second review of the arrangement under the Extended Credit Facility (ECF) for Ethiopia, allowing the authorities to draw the equivalent of about US$248 million (SDR 191.

Education investments in Tigray delivered by UNICEF with funding from Education Cannot Wait are sowing the seeds of peace and prosperity.

In fact, for Dr. Youwei Yang, chief economist at BIT Mining, Ethiopia’s ultra-low electricity costs provide the firm with a unique opportunity to extend the shelf life of its bitcoin mining rigs which, due to the industry’s extreme competitiveness, tend to become obsolete in the U.S. after roughly two or two-and-a-half years of activity, he said.

Evacuations were underway in Ethiopia Saturday after a series of earthquakes, the strongest of which, a 5.8-magnitude jolt, rocked the remote north of the Horn of Africa nation.

Ethiopia’s economic future hinges on green competitiveness, as outlined in the "Green Competitiveness in Ethiopia" report by the World Bank. Key sectors like agriculture, textiles, and energy are at the forefront of this transformation,

A team of Piedmont cardiologists on a lifesaving mission to Ethiopia has been delayed in Atlanta due to this winter storm.

Somalia's president will visit Ethiopia on Saturday, his office said, the strongest sign yet of improving relations between the two neighbours after a year of tensions over Addis Ababa's plans to build a naval base in a breakaway Somali region.

Landlocked between six different neighbors in the Horn of Africa, Ethiopia has approximately 120 million inhabitants, making it the second most populous nation on the continent, and a GDP of $163 ...