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World Bank Approves $1.5 Billion Initiative, Commits $6 Billion for Ethiopia’s Growth
Washington, July 30, 2024 — The World Bank's Board of Executive Directors has approved the Ethiopia First Sustainable and Inclusive Growth Development Policy Operation,...
Ethiopian National Bank Sets Limits on Foreign Currency Purchases: Up to $10,000 for Travelers and Businesses
The National Bank of Ethiopia has introduced new guidelines for acquiring foreign currency within the country, aimed at both Ethiopian nationals and foreign residents....
Ermias Amelega Announces Revival of Access Realestate Projects at Nyala Motor Site
Addis Ababa, Ethiopia – Access Realestate, led by founder Ermias Amelega, has officially announced the resumption of construction and finishing activities at the Nyala...
Ethiopia Lifts Foreign Currency Restrictions on Goods, Keeps Vehicle Limits”
The Ministry of Finance has announced that the foreign exchange restriction on certain items has been repealed, except for fully equipped domestic automobiles and...
Lijinet Launches: A New YouTube Channel Bringing Ethiopian Culture to Kids
'Lijinet,' a newly launched YouTube channel, offers a unique and engaging platform for Ethiopian children, blending entertainment and education in an interactive format. The...
IMF Approves $3.4 Billion Aid Package to Bolster Ethiopia’s Economic Reforms
The International Monetary Fund (IMF) has granted Ethiopia a $3.4 billion Extended Credit Facility (ECF) over four years. This funding, equivalent to 2.55 billion...