The Reporter Ethiopia

Ethiopia has appointed Ambassador Lemlem Fiseha Minale as its new permanent representative to the African Union (AU), replacing Ambassador Hirut Zemene, who completed a two-year tenure in the role.

The appointment was formalized on Wednesday when Ambassador Lemlem presented her credentials to the Chairperson of the African Union Commission, Mahmoud Ali Youssouf, at the...

A group of investors holding stock in Ethiopia’s unsettled billion-dollar Eurobond debt are threatening to sue after attempts at reaching a restructuring agreement fell apart last month.

An Ad Hoc Committee representing bondholders stated this week that some of the investors it represents intend to file a lawsuit in UK courts against the Ethiopian government, which fai...

In an article published in the IMF’s quarterly F&D Magazine, Foreign Minister Gedion Timothewos (PhD) called on African governments to work collaboratively to navigate today’s fast-changing global geopolitical landscape.

Gedion stated that Sub-Saharan Africa faces dwindling development assistance and more daunting investment prospects in a world that is in...

EthSwitch, Ethiopia’s national payment switch, said its instant payment platform processed more than one million transactions in a single day, marking a milestone in the country’s push to expand digital payments and financial inclusion.

The platform, EthioPay-IPS, handled transactions worth more than five billion Birr on the record day, according to a statement release...

Ethiopia has reached a staff-level agreement with the International Monetary Fund on the fifth review of its economic reform program, a step that could unlock approximately USD 468 million in additional financing and bring total IMF disbursements under the program to about USD 2.65 billion.

The agreement, announced on Wednesday following discussions between IMF officia...