by Engidu Woldie ESAT News (December 5, 2018) The International Monetary Fund (IMF) says Ethiopia will grow by 8.5 percent as the political unpredictability subsides and foreign direct investment improves in 2019. “Growth is expected to step up in 2018/19 to 8.5 percent, supported by stronger confidence as the political uncertainty of previous years recedes, and external financial inflows, including ...

by Engidu Woldie ESAT News (July 6, 2018) Ethiopian Prime Minister, Abiy Ahmed says he expects the country’s economic growth to be under 10% this year. The Premier was speaking today at the Parliament that has approved a budget of 12.6 billion dollars for the fiscal year that begins next week. Ahmed said focus should be given to the growth ...

by Engidu Woldie ESAT News (June 11, 2018) The effect of Ethiopia’s foreign currency crunch is beginning to show signs of an impending economic crisis that could lead to a serious socio-economic catastrophe unless an immediate fix is sought to address the issue, the Finance Minister told Parliament.   Presenting the country’s budget to the Parliament, the Minister of Finance ...