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The ministry was established under Proclamation No.916/2008 on 7 July 2008 with reorganization from the former Ministry of Capacity Building. [1] Its envisaged to observe public service and complete its mission ethically by 2020, as well as contributing economic development and social welfare by promoting modern Tax and Customs Administration.
25 December – The Ethiopian National Defense Force closes the country's border with Somalia following heavy fighting in rural areas of Harshin, Fafan Zone, between Ethiopia's Somali regional forces and local clan militias after the killing of a local security chief and his bodyguards. Hundreds of people, including children, flee from their homes.
Ethiopia's economy is ranked 159th place out of 190 countries in 'Ease of doing business'. [35] Ethiopia is also a part of African Continental Free Trade Area, Common Market for Eastern and Southern Africa, Intergovernmental Authority on Development, and the G24, and has observer status at the World Trade Organization.
It is responsible for general financial management and economic policy of Ethiopia, in addition to the allocation of economic assistance. Formerly the Ministry of Finance, it has its origins in the ministerial system introduced by Emperor Menelik II in 1907.
US stocks have been slumping heading into the first full-on week of 2025.. In the past five trading sessions, the S&P 500 is down more than 1.5%, while the Nasdaq Composite is off nearly 2% ...
Ethiopia became a full member of BRICS in 2024. [27] Ethiopia is one of the least developed countries but is sometimes considered an emerging power, [28] [29] having the fastest economic growth in sub-Saharan African countries because of foreign direct investment in expansion of agricultural and manufacturing industries; [30] agriculture is the ...
For much of the past decade, policymakers and analysts have decried America's incredibly low savings rate, noting that U.S. households save a fraction of the money of the rest of the world.
For instance, graduate unemployment is relative to total unemployment increased from 2.6% in 2014 to 6.61% in 2018 in Ethiopia. [1] As of 2022, the Ministry of Education planned to create jobs for 80% or more graduate students who complete their studies annually over the past three years, thereby improving the employability rate. [10]