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Ethiopia posts record growth in FDI flow: UNCTAD report

Addis Ababa, June 8, 2017 (FBC) –The United Nations Conference on Trade and Development (UNCTAD) World Investment Report puts Ethiopia as one of the top performing African countries in attracting…

Global investors more confident in Chinese economy: J.P. Morgan

BEIJING, June 7 (Xinhua) — Global investors have appeared more confident in China encouraged by the steady economic recovery since the start of the year, according to a senior director…

Hailemariam holds talks with Israeli President

Addis Ababa, June 5, 2017 (FBC) – Prime Minister Hailemariam Desalegn met Israeli President Reuven Rivlin today at the President’s residence in Jerusalem. The Premier thanked Rivlin for the warm…

Council of Ministers proposes over 320 bln birr budget for upcoming Ethiopian fiscal year

Addis Ababa, June 3, 2017 (FBC) – The Council of Ministers yesterday proposed over 320 billion birr budget for the upcoming Ethiopian fiscal year (2017/18). Of the total budget, more…

Ethiopia, Sudan to sign currency swap deal

Addis Ababa, June 3, 2017 (FBC) – Ethiopia and Sudan are set to sign a currency swap deal after a month. According to the National Bank of Ethiopia (NBE), the…

Nearly 100 Eritrean Christians arrested for illegal church denominations

Eritrea (MNN) — The country of Eritrea is the 10th harshest persecutor of Christians in the world, according to Open Doors’ World Watch List. And last month, another blow was…