The week of April 2 - April 9, 2019
Macroeconomic News
Sector News—Industry, Agriculture, Services
- Six firms vie to supply rebar.
- Chinese firms clinches deal to complete stalled sugar plant.
- New Bill Appears to Ease Geothermal Investment.
- Amhara gets oxygen manufacturing plant.
- Avante joins market with squeezable bottles.
- Ethiopia, Siemens to address energy, infrastructure challenges.
- EEP exits electric power generation sector.
- Stakeholders in limbo as Holland Car’s liquidation suspended.
- ታዳሽ ኃይልን በመጠቀም የነዳጅ ወጪን 10 በመቶ ለማዳን እየተሠራ ነው (The gov’t is trying to decrease the fuel expenses by about ten percent using renewable energy, Ministry of Mines and Energy).
- Selfish illegal crop trade continues.
- Ethiopia prepares for compensation claim.
- Modjo Dry Port Cuts Tariffs on Exports by 70pc.
- USAID completes seven-year project.
- Commission, IFC sign agreement to reform customs, trade logistics.
- VAT refund turnaround time reduced, taxpaying simplified in new policy.
- Individual business owners now must pay withholding tax.
- Private sector asks Gov’t for reliable ICT infrastructure.
- Novartis brings affordable NCD treatment.
- 45 ከመቶ የኢትዮጵያ አየር መንገድ ድርሻ ያለው የዛምቢያ አየር መንገድ እንደገና ስራ ሊጀምር ነው (Zambia Airways in which Ethiopian has 45% stake, to start its flight operation).
Financial News
- Banks Upgrade Financial Reporting System.
- Forex crunch marginally improves, while businesses teeter.
- The Dos of Financial Sector Reform.
- Financial Sector Liberalization Curtails Industrialization.
- Islamic banking in Ethiopia offers Muslims financial inclusion.
- What self-help lending says about Ethiopian banking.
- የአገሪቱ ባንኮች ለጠቅላይ ሚኒስትሩ የአምስት ሚሊዮን ብር እራት እንዲያዋጡ ብሔራዊ ባንክ ጠየቀ (NBE urges banks to pay for 5mn Birr Sheger Gebeta that is scheduled to be held in the Palace at the Minellik Hall).