BY FINANCIAL TIMES The IMF is poised to approve a loan of almost $3bn for Ethiopia as part of a program to provide balance of payments support for the cash-strapped economy as well as technical assistance for the government’s liberalization agenda.
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BY REUTERS Sudan’s central bank will start printing 100 pound bank notes for the first time to ease a liquidity crisis exacerbated by rampant inflation, state news agency SUNA said on Sunday. Sudan’s economy has been struggling since the south of the sprawling northeast African country seceded in 2011, taking with it three-quarters of oil […]
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“We are only good at starting projects but not completing on schedule” – PM Abiy BY ANDUALEM SISAY Ethiopian Prime Minister Abiy Ahmed has said his government needs $7.5 billion to complete ongoing mega infrastructure projects. He was speaking in Parliament after the tabling of the 346.9 billion Ethiopian birr ($12.8 billion) 2018/19 budget that […]
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BY ECADFORUM The narratives of double-digit economic growth of Ethiopia for over a decade was wrong and obtained as a result of “cooked data”, according to a high profile economics professor at the Addis Ababa University.
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BY ADDIS STANDARD In a meeting with senior government officials including members of his cabinet, Ethiopia’s Prime Minister Abiy Ahmed said the government was investigating foreign bank accounts held by senior government officials, a source who attended the meeting told Addis Standard.
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BY REUTERS Saudi Arabia would supply Sudan’s energy needs for five years on credit under an agreement being discussed by both governments, Sudan Oil Minister Abdulrahman Othman said on Monday.
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