The week of December 28, 2021 - January 4, 2022
Macroeconomic News
- Fed Govt Collects 70.6 Billion Birr in Revenues in Q2.
- Ethiopian Diaspora Make over 1.6 Billion Birr Remittance in Five Months.
- Ethiopia’s Export up by 42.48% to $333.9 million in November.
- Ministry Prepares Additional Budget of 122 Billion Birr.
- ባለፉት ሶስት ወራት በመንግስት ገቢና ወጪ ረገድ ጤናማ የፊሲካል አስተዳደር ተግባራዊ መደረጉ ተገለጸ (A healthy government revenue and expenditure management has been implemented during the last three months, MoFEC).
- Scholars Urge Gov’t to Exploit Untapped Economic Opportunities within Africa.
- Efficient AfCFTA utilization vital to compensate Ethiopia’s AGOA loss.
- Ethiopia, India deepening genuine dev’t partnership.
Sector News—Industry, Agriculture, Services
- Coal washing business lands eye watering 6bln birr in new investment.
- Eight Companies To Commence Coal Production In Ethiopia.
- Ministry cautions cement factories owing 2.6M tons in outstanding deliveries; new manual in the making.
- Ethiopia’s Second Avocado Oil Processing Facility Starts Production.
- Electric marathon.
- Marathon targets affordable electric cars.
- ባለፉት አምስት ወራት ከጨርቃ ጨርቅ ገበያ5 ሚሊዮን ዶላር ገቢ ተገኘ (Over $78.5 million earned from textile exports in the last five months).
- Ethiopia Secures $525Mn from Coffee, Tea Exports in 5 Months.
- Nation Earns 520 Million USD from Coffee Export in Five Months: Authority.
- Ethiopian coffee export hits over 100.62 mln. USD in November.
- Ethiopia Expands Irrigation Wheat Farms.
- Property Rights on Horizon for Private Seed Breeders.
- Harnessing fishery sector alongside summer farming.
- የገበያ ዋጋ ለማረጋጋት ከፍተኛ መጠን ያለው የስንዴና ዘይት ግዢ ተፈጸመ (Large quantities of wheat and edible oil purchased to stabilize market prices).
- State Shipping Enterprise Eyes Cold Chain Logistics Entry.
- Ethiopian Eyes More Partnership with African Countries to Launch New Airlines.
- Ethiopia To Introduce New State Company.
- Hotels plea for five-year loan extension.
- City Admin to commence land lease transfers.
- ZamZam introduces sharia compliant core banking solution.
- ዘምዘም ባንክ በሰባት ወራት ከ35 ሺሕ በላይ ደንበኞች ማፍራቱን አስታወቀ (Zamzam Bank managed to attain over 35,000 customers in seven months).
- የተቀናጀ የጭነት አገልግሎት ማስተዳደሪያ የትራንስፖርት ሥርዓት ወደ ዲጂታል ተቀየረ (Integrated freight service management transport system go digital).
Financial News
- አዋሽ ባንክ የተከፈለ ካፒታሉን አሥር ቢሊዮን ብር ማድረሱን አስታወቀ (Awash Bank raised its paid up capital to ten billion Birr).
- Abyssinia Bank Charts Noteworthy Profit, Dividend Climb.
- Abay Bank hammers “2020/21 financial year”.
- Oromia Bank Nets 872 Million Birr Annual Profit.
- Ethiopia’s Oromia Bank nets US$17.6M annual profit.
- Wegagen faces worst financial meltdown in banking industry.
- Berhan Bank’s Annual Profit Drops 52.3%: Report.
- Nib Insurance Share Returns Dip as Profit Growth Stagnates.
- Enat Bank soars in new profit heights.
- እናት ባንክ ካፒታሉን አምስት ቢሊዮን ለማድረስ ከፍተኛ ጥረት እያደረገ መሆኑን የቦርድ ሊቀመንበሯ አስታወቁ (Enat Bank set to increase its paid-up capital to five billion Birr, Board Chairwoman).
- Oromia Bank sees boom in IFB services.
- ደቡብ ግሎባል ባንክ3 ሚሊዮን ብር ማትረፉን አስታወቀ (Debub Global Bank announces 263.3 million Birr profit).
- “አዋጭ” ቁጠባና ብድር ተቋም ሀብቱን ወደ3 ቢ. ብር ማሳደጉን ገለፀ (Awachi Saving and Credit Association raised its assets to 2.3 billion Birr).
- Liquidity crunch resurfaces in an ailing economy.
Policy and Regulatory News
- Council of Ministers Orders Signing of Coal Mining Dev’t with 8 Companies, Refers Other Bills to HPR.
- ለ25ዓመታት ሲሰራበት የነበረው የነዳጅ የትርፍ ህዳግ ተሻሻለ (The oil profit margin, which has been in operation for 25 years, is amended).
- Government to introduce price discrimination in oil sector.
- Bill Introduces Uniform Community Insurance Premiums, Higher State Subsidies.
- Federal Agency for Road Safety, Insurance Under Formation.
- የትራንስፖርት እና ሎጅስቲክስ ሚኒስቴር የአውቶሞቲቭ ፖሊሲ እያዘገጀ መሆኑ ተገለጸ (The Ministry of Transport and Logistics is preparing an automotive policy).
Archive
- THE WEEK OF NOVEMBER 21 – NOVEMBER 28, 2021
- THE WEEK OF NOVEMBER 14 – NOVEMBER 21, 2021
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- THE WEEK OF NOVEMBER 30 – DECEMBER 7, 2021
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- THE WEEK OF NOVEMBER 2 – NOVEMBER 9, 2021
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- THE WEEK OF October 19 – OCTOBER 26, 2021
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