The week of April 21 - April 28, 2020
Macroeconomic News
- Ethiopia economy declines 11 percent by COVID-19.
- COVID-19 Pandemic Could Push 50 Million Ethiopians into Poverty: Study.
- Despite Inequality Remains persistent, Ethiopia has Made Major Strides in Poverty Reduction.
- Gov’t expects $500 mln from IMF as direct budget support.
- Ministry Collects Over 183bn Birr Revenue In Nine Months.
- የሚኒስትሮች ምክር ቤት በሀገሪቱ ኢኮኖሚ ላይ ያጋጠመውን አደጋ ለመቀነስ የተዘጋጀ የኢኮኖሚ ማነቃቂያ ስራ ላይ እንዲውል ወሰነ(Council of Ministers decides to implement economic stimulus package to lessen the impact of Corona).
- የኢትዮጵያ ወጭ ንግድ 10 በመቶ ጭማሪ አሳየ (Nine months exports registered a 10 percent growth).
Sector News—Industry, Agriculture, Services
- Private energy firm, gov’t at loggerheads over Debre Birhan wind project.
- Logistics company starts intermodal operation.
- MoMP, Greencom Sign Agreement To Build Gas Plant.
- Chinese company gets a deal from Ethiopia to develop, market natural gas.
- Public Raises over Half Billion Birr for Grand Ethiopian Renaissance Dam.
- Preparations Underway to Start Filling GERD this July.
- Authority Signs Seven Road Construction Deals worth 11.6bln Br.
- የኢትዮጵያ ኤሌክትሪክ ኃይል ከንግድ ባንክ የተበደረው የተወሰነ ዕዳ ወደ ገንዘብ ሚኒስቴር እንዲተላለፍ ተወሰነ (Part of EEP debt with CBE to be transferred to MoFEC).
- የአምራች ዘርፉን ለመደገፍ መንግስት 100 ሚሊዮን ዶላር ድጋፍ አደረገ (Govt [requested] to support manufacturing sector with $100mn).
- Ministry, GreenComm Agree to Establish Petrochemical Inputs Producing Factory.
- በሁለት ወራት ውስጥ እስከ 80 በመቶ የዘይት ፍጆታ ባገር ውስጥ ምርት ይሸፈናል (Edible oil production will cover 80 percent of Ethiopia’s domestic consumption within two months).
- Desert Locust Destroy over 3.5 Mln Quintals.
- Haile and Alem farm loses 28 mln birr for vandalism.
- Nipped in the bud.
- Ministry Solicits Additional Budget of $250m.
- Smart Management Services wants to involve in urban agriculture.
- Federation Purchase 1.3bn Liters Of Pesticides.
- Oromia, Amhara Working To Reduce Threat Locusts Pose To Crop Production.
- Corporation Working to Distribute over 100,000 Quintals of Improved Seeds.
- 285 investors lose agri-business investment license.
- Ethiopia: Rural electrification is key to agricultural transformation.
- Ethiopia Readying Over 5bln Tree Seedlings for Kiremt Rainy Season.
- International institutions shows interest in supporting Ethiopian Airlines.
- Ethiopian Airlines has adapted, while SAA may die.
- Africa’s biggest airline fights for ‘survival’ amid pandemic: CEO.
- Ethiopian Cargo Adds Pharma Wing to Deliver Medical Supplies Globally.
- Ethiopia Makes a Step Forward to Issue Telecom Licenses.
- “Team Europe” Pledges Strong Support To Ethiopia’s COVID19 Response.
- Hotel Occupancy Rate Hits Rock Bottom.
- 88 Percent of Hotels in Addis Ababa Shut down or Reduce Services Due to COVID-19.
- Hotels in Addis close amid Coronavirus Pandemic.
- Heineken partners locals to open chain-stores.
- Agency Pleads for 3b Br Bailout for Small, Medium Enterprises.
- Ethiopia’s Uphill, but Winnable, Battle with the Coronavirus Pandemic.
- Local Tech Firm Launches E-Learning Platform.
- Ministry targeting those who hike prices of commodities.
- Ministry Takes Measures Against More Than 25, 000 Businesses.
Financial News
- First foreign owned leasing company in Ethiopia receives 44 tractors.
- Coronavirus: Sanlam delays plans to enter Ethiopia and Egypt until pandemic weakens.
- ልማት ባንክ በኮሮና ሳቢያ ጉዳት ለደረሰባቸው ፕሮጀክቶች ከወለድ ነፃ የሥራ ማስኬጃ ብድር ለመስጠት ማቀዱን ገለጸ (DBE indicates plans to give interest-free working capital loans to Corona affected projects).
Policy and Regulatory News
Archive
- THE WEEK OF APRIL 14 – APRIL 21, 2020
- THE WEEK OF April 7 – APRIL 14, 2020
- THE WEEK OF MARCH 31 – APRIL 7, 2020
- THE WEEK OF MARCH 24 – MARCH 31, 2020
- THE WEEK OF MARCH 17 – MARCH 24, 2020
- THE WEEK OF MARCH 10 – MARCH 17, 2020
- THE WEEK OF MARCH 3 – MARCH 10, 2020
- THE WEEK OF FEBRUARY 25 – MARCH 3, 2020
- THE WEEK OF FEBRUARY 18 – FEBRUARY 25, 2020
- THE WEEK OF FEBRUARY 11 – FEBRUARY 18, 2020
- THE WEEK OF FEBRUARY 4 – FEBRUARY 11, 2020
- THE WEEK OF JANUARY 28 – FEBRUARY 4, 2020
- THE WEEK OF JANUARY 21 – JANUARY 28, 2020
- THE WEEK OF JANUARY 14 – JANUARY 21, 2020
- THE WEEK OF JANUARY 8 – JANUARY 14, 2020
- THE WEEK OF DECEMBER 31 – JANUARY 8, 2020
- THE WEEK OF DECEMBER 24 – DECEMBER 31, 2019
- THE WEEK OF DECEMBER 17 – DECEMBER 24, 2019
- THE WEEK OF NOVEMBER 10 – DECEMBER 17, 2019
- THE WEEK OF NOVEMBER 3 – DECEMBER 10, 2019
- THE WEEK OF NOVEMBER 26 – DECEMBER 3, 2019
- THE WEEK OF NOVEMBER 19 – NOVEMBER 26, 2019
- THE WEEK OF NOVEMBER 12 – NOVEMBER 19, 2019
- THE WEEK OF NOVEMBER 5 – NOVEMBER 12, 2019
- THE WEEK OF OCTOBER 29 – NOVEMBER 5, 2019
- THE WEEK OF OCTOBER 22 – OCTOBER 29, 2019
- THE WEEK OF OCTOBER 15 – OCTOBER 22, 2019
- THE WEEK OF OCTOBER 8 – OCTOBER 15, 2019
- THE WEEK OF OCTOBER 1 – OCTOBER 8, 2019
- THE WEEK OF SEPTEMBER 24 – OCTOBER 1, 2019
- THE WEEK OF SEPTEMBER 17 – SEPTEMBER 24, 2019
- THE WEEK OF SEPTEMBER 10 – SEPTEMBER 17, 2019
- THE WEEK OF SEPTEMBER 3 – SEPTEMBER 10, 2019
- THE WEEK OF AUGUST 27 – SEPTEMBER 3, 2019
- THE WEEK OF AUGUST 20 – AUGUST 27, 2019
- THE WEEK OF AUGUST 13 – AUGUST 20, 2019
- THE WEEK OF AUGUST 6 – AUGUST 13, 2019
- THE WEEK OF JULY 30 – AUGUST 6, 2019
- THE WEEK OF JULY 23 – JULY 30, 2019
- THE WEEK OF JULY 16 – JULY 23, 2019
- THE WEEK OF JULY 9 – JULY 16, 2019
- THE WEEK OF JULY 2 – JULY 9, 2019
- THE WEEK OF JUNE 25 – JULY 2, 2019
- THE WEEK OF JUNE 18 – JUNE 25, 2019
- THE WEEK OF JUNE 11 – JUNE 18, 2019
- THE WEEK OF JUNE 4 – JUNE 11, 2019
- THE WEEK OF MAY 28 – JUNE 4, 2019
- THE WEEK OF MAY 21 – MAY 28, 2019
- THE WEEK OF MAY 14 – MAY 21, 2019
- THE WEEK OF MAY 7 – MAY 14, 2019
- THE WEEK OF APRIL 30 – MAY 7, 2019
- THE WEEK OF APRIL 23 – APRIL 30, 2019
- THE WEEK OF APRIL 16 – APRIL 23, 2019
- THE WEEK OF APRIL 9 – APRIL 16, 2019
- THE WEEK OF APRIL 2 – APRIL 9, 2019
- THE WEEK OF MARCH 26 – APRIL 2, 2019
- THE WEEK OF MARCH 19 – MARCH 26, 2019
- THE WEEK OF MARCH 12 – MARCH 19, 2019
- THE WEEK OF FEBRUARY 25 – MARCH 2, 2019.