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To enable the telecommunications sector to make its full contribution to national economic growth, it is crucial to follow a sound institutional regulatory framework. Accordingly, licensing, monitoring, and regulating service providers operating in the sector is essential. Since its establishment, the Ethiopian Communications Authority has been working not only to ensure the sector’s own growth,…

Established in 2014 E.C., Ethiopian Investment Holdings has brought together 41 state-owned development enterprises under one umbrella and is implementing efforts to identify national assets and manage previously fragmented assets in an organized manner. Prior to the establishment of the institution, state-owned enterprises were facing challenges related to finance, auditing, capital, debt burden, and corporate…

Among the institutions introduced to the country’s economic system as part of the national reform, the Ethiopian Capital Market Authority is one of them. The authority is building a system that promotes the development of the capital market and serves as a bridge between capital seekers and capital providers. The capital market system, first introduced…

During the past years of reform, key reform actions have included modernizing monetary policy, improving the foreign exchange system, transforming the financial sector, and undertaking institutional reforms. These reform measures have made it possible to reduce inflation from over 30 percent in June 2019 to 9.7 percent by December 2025. Through the implementation of foreign…

During the past years of reform, efforts have been carried out in the revenue sector to strengthen institutional implementation capacity, build a modern tax administration system, ensure compliance with tax laws, and secure sustainable revenue growth. In connection with service delivery, work has been undertaken to expand a modern tax system. In 2011, only 10.1…

Macroeconomic imbalances, heavy debt burden, foreign-exchange shortages, and market instability were the main macroeconomic challenges that existed prior to the reform. As a result of the reform measures undertaken by the government to address these challenges, tangible outcomes are now being recorded. These reforms have enabled Ethiopia to become one of the fastest-growing countries in…

Institution building and readiness are core responsibilities of government. That is why we have taken deliberate and far-reaching measures to strengthen Ethiopia’s finance and economic institutions. This afternoon’s Finance Forward Ethiopia conference, which brings together the nation’s key public finance and financial-sector institutions, provides an important platform to reflect on our ongoing economic reform journey…

Prime Minister Abiy Ahmed is in attendance at the ‘Finance Forward Ethiopia’ conference, as six major institutions shaping the nation’s financial and revenue systems present and assess their performance to date, while unveiling their strategic priorities for the next five years. Over the past five years, Ethiopia has undertaken far-reaching macroeconomic reforms that have delivered…

January 6, 2018 The Federal Democratic Republic of Ethiopia’s Ministry of Finance and the World Bank have formalized an additional financing agreement totaling USD 250 million to advance the Urban Productive Safety Net and Jobs Project. This substantial funding underscores Ethiopia’s unwavering dedication to enhancing the economic resilience of vulnerable urban populations, with a specific…