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Economists Call for Adaptive Strategy as Global Pressures Mount


Economists Call for Adaptive Strategy as Global Pressures Mount

Economists and policymakers urged a shift toward a more adaptive development strategy as global challenges reshape the country’s economic future. The message was delivered at the 23rd International Conference on the Ethiopian Economy, hosted by the Ethiopian Economics Association (EEA). Finance Minister Ahmed Shide noted 9.2 pc economic growth over the past year, is supported by agriculture, services, and industry, while stressing the need to improve export competitiveness, implementation, and productive employment. Participants discussed reforms, resilience, and strategies to sustain the country’s economic transformation amid global uncertainty. The conference reviewed economic reforms and resilience strategies, also  recognised Professor Berhanu Nega (Prof.) and Assefa Admassie (PhD) for their contributions to the EEA.

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Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


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Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


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Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...