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A Country of Many Contrasts

Ahmaric News

Gov’t Pledges Support for Efficiency of Private Sector: PM

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Prime Minister Hailemariam Desalegn said that his government will support the private sector to improve its efficiency and productivity. Addis Ababa August 20/2017  During the 3rd national government-private sector consultation forum held on Saturday, the Premier said the government will contribute

Meles Zenawi, Mastermind of Developmental Democracy in Africa


Meles Zenawi, a staunch fighter for the promotion of democracy, a seasoned statesman and eloquent diplomat of the highest caliber, architect of democratic development policies with charismatic personality passed away five years ago on 21 August 2012.  The legacy of

Norway Extends 1.7bn Birr for REDD+ Project Implementation

Norway assistant

Norway has extended a 1.74 billion Birr financial assistance on Wednesday to support the implementation of Ethiopia’s Climate Resilient Green Economy through the REDD+ project. This is the first financial assistance for Norway to the REDD+ project and is expected

Ethiopia, Sweden Conclude Close to 3 Billion Birr Grant Agreement


Ethiopia and Sweden have signed 2.82 billion birr grant agreement on July 27/2017 The framework agreement was concluded by Finance and Economic Cooperation State Minister, Admasu Nebebe, and Annika Nordin Jayawardena, Bilateral Development Cooperation Head at the Swedish Embassy in

EU announces over €22 million assistance for Ethiopia to respond to El Niño impact

The European Union (EU) has announced new actions to respond to the El Niño and food security crisis in the Horn of Africa, October 26, 2016. Four new actions worth 66.5 million Euros will be funded under the EU Emergency

Ethiopia officially joins African Trade Insurance Agency (ATI)

Ethiopia joined African Trade Insurance Agency (ATI), thus enabling the agency to start insuring political risk in Ethiopia, one of the continent’s fastest-growing economies, October 19, 2016. This was revealed yesterday in Nairobi, Kenya, where the two sides inked an

Ethiopia inaugurates new rail line to Djibouti

Ethiopia officially inaugurated today (October 5) a new railway line linking Addis Abeba with a major port in Djibouti. The new railway line between Ethiopia and Djibouti covering 752kms is one of the more than quite a few high-profile projects

Ethiopia’s tourism sector spreads its wings as more tour operators join the industry

With the new national tourism brand: “Ethiopia: Land of Origins,” and a sector marked with vast, and untapped potential, Ethiopia’s tourism industry is set to experience a huge metamorphosis as it builds its infrastructure, brand, and product offer in the

World Bank Supports Ethiopia’s Small and Medium Enterprises to Boost Job Creation


The World Bank Board of Executive Directors on Wednesday (May 18) approved a US$200 million International Development Association (IDA) credit to support the growth and development of Small and Medium Enterprises (SMEs) in Ethiopia. Ethiopia’s five-year development plan emphasized the

South Korea’s President Park to make a state visit to Ethiopia later this month


South Korean President Park Geun-hye is to pay a State Visit to Ethiopia and the African Union Commission later this month (May 25 to 28). This will be the first-ever visit by a Korean head of State to Ethiopia. South

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