The war between Ethiopia's government forces and Tigrayan fighters killed hundreds of thousands and displaced millions. Many now grapple with severe social and economic challenges despite a peace agreement.

The International Monetary Fund (IMF) has completed its second review of Ethiopia's program, leading to an immediate disbursement of approximately $248 million. This decision comes after the board's approval,

Parker Clay, an ethical leather brand, crafts premium goods in Ethiopia and provides fair wages and fostering community empowerment, especially for women.

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,

Nigeria’s economy has struggled in recent years due to lower oil prices and tough economic reforms, resulting in a severe cost-of-living crisis. Posts circulating on social media claim this has caused Ethiopia to replace Nigeria as Africa’s fourth-largest economy.

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.

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.

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

Ethiopia launched a securities exchange on Friday, in what officials touted as a milestone in Prime Minister Abiy Ahmed's drive to open up the country's tightly controlled economy to private investment.

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.

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