The week of February 16 - February 23, 2021
Macroeconomic News
- IMF says Ethiopia’s Economy will Grow Nearly 9% in 2022.
- Homegrown economic reform to correct macroeconomic imbalance, manages debt stress: Minister.
- IMF Backs Ethiopia’s Plan to Rework Debt Under G-20 Framework.
- Downgrading the Government of Ethiopia’s long-term credit rating by Fitch is an incorrect reflection of the country’s creditworthiness.
- What does the downgrading of Ethiopia’s credit rating entail?
- Ethiopia: First-mover advantage for investors with long-term outlook.
- Economic Policy Orientation Reckons with Dire Political Circumstances.
- Ethiopia earns $1.8 billion from export.
- Fuel fuels cost of living.
- Finance State Minister Briefs Big French Investors on Opportunities in Ethiopia.
- Ethio-India ties continue to flourish.
- Key African state of Ethiopia pitches for wider Indian investments.
- Kenyan Chamber Of Commerce Show Interest To Tap Investment Opportunities In Ethiopia.
- Ethiopian Embassy In Algiers Conducts Trade, Investment Promotion Engagements.
Sector News—Industry, Agriculture, Services
- ፕራይቬታይዜሽን ገቢ የልማት ድርጅቶችን እዳ ለመክፈል ይውላል (Privatization revenue will be used to payback debt of some SOEs).
- አራት የመንግሥት የልማት ድርጅቶች ከዕቅዳቸው በላይ አተረፉ (Four public enterprises earn more than they planned).
- Ethiopia gears up to lure anchor investors.
- Sugar factory to launch production in three months.
- GERD to see completion by 2023: Minister.
- Biden changes tack on Ethiopia’s Grand Renaissance Dam as 2023 end date confirmed.
- City Roads Authority Signs over 1 Billion Birr Contracts.
- ERA Launches Construction of Jimma-Chida Road Project.
- New cooperative based housing scheme gains support.
- Real estate Developers will Get Govt’s Support, says Deputy Mayor.
- Commercial Bank, Gojo Bridge Housing Join Hands To Address Housing Problems.
- ባህር ትራንስፖርትና ሎጂስቲክስ አገልግሎት ድርጅት ትርፍ ካለፈው ዓመት ተመሳሳይ ወቅት ያነሰ ነው (ESLSE profit lessened).
- Construction Of Ethiopia-Kenya Power Transmission Line Completed.
- US Embassy Team Visits Geothermal Operations Site in Oromia Region.
- More Than 6,000 Farmers In Oromia Turn Into Investors With Over 30bn Birr Capital.
- FCA says cooperative sector improving farmer’s livelihood.
- ኤጀንሲው ከ100 በላይ የግብርና ግብዓት አቅርቦትና አገልግሎት ማዕከላትን እንደሚያቋቁም አስታወቀ (ATA vows to establish more than 100 agricultural input supply and service centers).
- SNV to Benefit 4,000 Women, Youth Farmers around Addis Ababa.
- Ethio Telecom to Launch Mobile Money in Two Months.
- Ethio Telecom Ptl Privatization to Conclude in 5 Months, Sugar Estates Privatization Progressing.
- Ethiopia: No shortlist yet for telecoms bidding for licences.
- Ethio-Telecom expands 4G Network.
- South Eastern Region receives LTE boost.
- Pragma Partners with Nigeria Firm to Supply, Deploy Telecom Infrastructure in Ethiopia.
- Ethiopia secures $200mln World Bank loan for the digital economy.
- Ethiopian Soaring Amid COVID-19 Pandemic, Says CEO.
- Ethiopian Transports Over 95 Mil Stems of Flowers for Valentine’s Season.
- Ethiopian partners with UNICEF for global vaccine distribution.
- Over 4.2bln Birr Raised under ‘Dine For Ethiopia’.
- ‘Dine for Ethiopia’ milestone to Ethiopia’s tourism industry: Expert.
- Tour guides appeal to gov’t supports to resist pandemic impact.
- Visa’s New Initiative Tasks Ethiopian Fintechs to Solve Payments Challenges.
- Nation Issues Quality Standards to 11,487 Domestic Products, Services.
- Ethiopia, COMESA Sign a 5.6 Mln Euro Agreement for Upgrading Border Posts.
- Ministry seizes Contraband Goods worth Nearly 2bln birr within Six-month.
Financial News
- ፀሐይ ባንክ ከ730 ሚሊዮን ብር በላይ ካፒታል ይዞ ተመሠረተ (Tsehay Bank established with a capital of over 730mn Birr).
- Tsehay Bank.
- First Agricultural Bank Granted Green Light.
- ንግድ ባንክ በግማሽ ዓመት ከታክስ በፊት4 ቢሊዮን ብር ማትረፉን አስታወቀ (CBE earned 7.4bn Birr in six months).
- ባንኩ በስድስት ወራት ውስጥ ከ83 ቢሊየን በላይ ተቀማጭ ገንዘብ አሰባሰበ (CBE collected more than 83bn Birr deposits in six months).
- CBE faces USD half a billion slump in Forex earnings.
- CBE Avails 6bln Br Loan for Taxi Associations Seeking to Replace Lada.
- Zemen Bank Registers Robust Profit Growth.
- Nib Insurance Makes Solid Headway.
- Ethiopian Reinsurance and Dubai-based AlHuda CIBE inked MoU.
- Currency outside bank contracts.
Policy and Regulatory News
Archive
- THE WEEK OF FEBRUARY 9 – FEBRUARY 16, 2021
- THE WEEK OF FEBRUARY 2 – FEBRUARY 9, 2021
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