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The National Bank of Ethiopia has announced that minimum interest rates will now be determined by market forces as part of its ongoing monetary policy reforms.
Ethiopia is facing rising fuel costs as supply chain disruptions in the Middle East force the country to purchase oil at premium spot market prices.
Ethiopia faces a severe fuel supply crisis and rising costs as Middle East conflict disrupts critical shipping routes through the Strait of Hormuz.
Ethiopia's ongoing fuel crisis has reached a critical point, with shortages now severely impacting Addis Ababa due to a mix of systemic corruption, economic pressure, and panic buying.
The Ministry of Finance has introduced a new salary directive to standardize pay and job classifications for temporary staff working on development-partner-funded projects.
The fourth 'Invest in Ethiopia' forum concluded with $13.7 billion in new investment agreements, signaling strong international interest in the nation's economy.
Deputy Prime Minister Temesgen Tiruneh inaugurated the 4th 'Invest in Ethiopia' forum, highlighting the nation's readiness for new economic partnerships.
The Ethiopian Investment Commission is set to host the 4th 'Invest in Ethiopia' forum, bringing together over 800 global investors and policymakers.
