The week of April 9 - April 16, 2019
Macroeconomic News
- Ethiopia promises rebalancing to a bullish world.
- Audit Gap of 10b Br at Revenues Ministry.
- Ethiopia in need of USD 1.3 bln to aid drought, conflict victims.
- Council Stresses Need To Create 3mln Jobs Next FY.
- Ethiopia Hands Over AfCFTA Ratification Instrument To AU.
- Investment commission, Africa advisory partners sign mou to promote FDI.
- Ethiopia, European Commission Sign €10mln Grant Agreement For Social Accountability Program.
Sector News—Industry, Agriculture, Services
- Sugar Corporation Looks for Private Partners.
- Three firms linkup to ease Merkato congestion.
- Flour Plant Puts Down Roots in East Gojjam.
- Nasa Garment Forays Into Hawassa Industrial Park.
- New Ford Ranger goes higher-tech.
- Ethiopia, Russia Sign Roadmap On Nuclear Technology.
- የረጲ የደረቅ ቆሻሻ ኃይል ማመንጫ የቅድመ ሙካ የኤሌክትሪክ ኃይል ማመንጨት ጀመረ (Repi dry waste power generation project operational).
- Ivanka Trump Visits Ethiopia, Promoting a White House Global Economic Program for Women.
- Morocco’s fertilizer giant to take over Yayu fertilizer complex.
- Government to purchase fertilizer for next harvest year.
- U.S. to help Ethiopia improve agriculture in five years.
- ምርት ገበያ በመጋቢት ወር የ3.6 ቢሊዮን ብር ግብይት አስተናገደ (ECX transacts over 3.6 billion in the month of March).
- በዚህ ዓመት ከ4.6 ሚሊዮን ቶን በላይ የስንዴ ምርት እንደሚኖር ተገምቷል (Over 4.6 mn ton wheat production is expected this fiscal year-USDA).
- Fish on the slide.
Financial News
Policy and Regulatory News
- የውጭ ምንዛሪ ተመን በገበያ እንዲወሰን መንግሥት ማቀዱ ተሰማ (Government indicates future plans to allow market determination of the exchange rate).
- Council of Ministers to endorse mining licenses.
- VAT reporting period extended.
- የነዳጅ አቅርቦትና ሥርጭትን የሚቆጣጠር ባለሥልጣን ሊቋቋም ነው (A new Authority that controls fuel supply and distribution to be established).
- በማዕድናት ግብይት ላይ ከፍተኛ ቁጥጥርና ቅጣት የሚጥል አዋጅ ሊወጣ ነው (A new Proclamation to Regulate Transaction of Minerals is underway).
- Council Approves Voluntary Product Standards.
- Gov’t initiates modalities to privatize Sugar projects.