The week of August 18 - August 25, 2020
Macroeconomic News
- IMF Reaches a Staff-Level Agreement for the First Review of the Extended Credit Facility-Extended Fund Facility for Ethiopia.
- Nation Collects Close to 234 Billion Birr Annual Revenue.
- በቀጣይ 10 ዓመታት ከወጪ ንግድ በየዓመቱ የሚገኘውን ገቢ 9 ቢሊየን ዶላር ለማድረስ ታቅዷል (For the next ten years, MoTI plans $9bn annual export revenue).
- Why has Ethiopia waited for so long to join the World Trade Organization (WTO)?
Sector News—Industry, Agriculture, Services
- All Industrial Parks Under Construction to go Operational Soon.
- Cement Runs Dry, Many Out of Commission.
- Five state enterprises bag 790 mln birr profit.
- Housing redux.
- በአማራ ክልል ከ 991 ሚሊየን ብር በላይ ወጪ የተደረገበት የዘይት ፋብሪካ የሙከራ ምርት ጀመረ (991mn Birr oil factory launched in Amhara region).
- ወደ ውጪ ከተላኩ የኤሌክትሮኒክስ ምርቶች ወደ 40 ሚሊዮን ዶላር የሚጠጋ ገቢ ተገኘ (Nearly $40mn earned from exports of electronics products).
- Walia set to open new steel factory.
- Pencil maker Apex says sales down to zero.
- Nation to Begin Its First Ever PPP Program by Constructing Solar Projects Soon.
- NZ Considering to Support Ethiopia’s Renewable Energy : Ambassador Ramsden.
- Demka Textile and Investment PLC, a new Turkish textile manufacturing factory, to start production.
- Mega dam costs Ethiopia double initial investment plan.
- Turkish Factory in Ethiopia Plans output amid COVID-19.
- Corporation Launches Gerji Village Project With 3bn Birr.
- Chinese Firm Completes First Rigging Up For Ethiopia’s 70-MW Geothermal Energy Project.
- ከ800 ቢሊዮን ብር በላይ ወጪ የሚጠይቅ የኤሌክትሪክ ኃይል ማስተር ፕላን ተዘጋጀ (An electric power master plan worth over 800 billion Birr prepared).
- የወርቅ መግዣ ዋጋ ላይ ከ5 እስከ 30 በመቶ ድረስ ማሻሻያ ተደረገ (The purchasing price of gold was adjusted by 5 to 30 percent).
- FAO Backs Fight to Contain Locust Invasion.
- Ethiopia ships first refrigerated fruits and vegetables to EU market.
- Ethiopian avocados exported for the first time, by train.
- የአቮካዶ ምርት ከአማራ ክልል ወደ ውጭ ኤክስፖርት ሊደረግ ነው (Avocado produce to be exported from Amhara region).
- Horticulture Fund Places 100 million Birr Up for Grant.
- Moringa: Versatile Tree With Sustainable Superfood Powers.
- Desert Locust situation update – 24 August 2020.
- በቀጣይ ዓመት በ255 ሚሊየን ብር የ22 የመስኖ ልማት ፕሮጀክቶች የአዋጭነት ጥናትና ዝርዝር ዲዛይን ስራዎች እንደሚከናወኑ ተገለፀ(Feasibility study and design work worth 255 mln Birr, to be carried out for 22 irrigation development projects).
- Ethiopia to restart tourism.
- Haile poised to build a 1 bln birr resort in Gorgora.
- Ethiopian Walks a Tightrope on Employee Furlough.
- Online shopping portal with its own warehouse enters the Ethiopian market.
- Exotic Ethiopian Adventures eyes venturing with foreign companies.
- Ethio Telecom records rise in revenue amid pandemic.
- Ethiopia is quietly walking back plans to open up Africa’s last big telecom sector to foreign players.
- Ethiopia To Launch A Second Satellite in October With The Help of China.
- Customs Commission suspends 15 couriers.
Financial News
Policy and Regulatory News
- National Bank New Directive Encourages Microfinance Institutions to Intensify Role.
- CAMEL to be used to rate MFIs transition to banks.
- Financial reporting proclamation under revision.
- Council Passes Decision on Mass Media Policy Bill, Excise Tax Proclamation.
- Central Bank To Licence Non-Bank E- Payment Companies.
- Twelve Mining Companies Get Exploration, Production Licenses.
Archive
- THE WEEK OF AUGUST 11 – AUGUST 18, 2020
- THE WEEK OF AUGUST 4 – AUGUST 11, 2020
- THE WEEK OF JULY 28 – AUGUST 4, 2020
- THE WEEK OF JULY 21 – JULY 28, 2020
- THE WEEK OF JULY 14 – JULY 21, 2020
- THE WEEK OF JUNE 30 – JULY 14, 2020
- THE WEEK OF JUNE 23 – JUNE 30, 2020
- THE WEEK OF JUNE 16 – JUNE 23, 2020
- THE WEEK OF JUNE 9 – JUNE 16, 2020
- THE WEEK OF JUNE 2 – JUNE 9, 2020
- THE WEEK OF MAY 26 – JUNE 2, 2020
- THE WEEK OF MAY 19 – MAY 26, 2020
- THE WEEK OF MAY 12 – MAY 19, 2020
- THE WEEK OF MAY 6 – MAY 12, 2020
- THE WEEK OF APRIL 28 – MAY 6, 2020
- THE WEEK OF APRIL 21 – APRIL 28, 2020
- 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.