The week of February 15 - February 22, 2022
Macroeconomic News
- Responding to Ethiopia’s Macroeconomic Achilles’ Heel.
- Coffee exports increased.
- Has depreciating Birr missed its mark?
- Winners, Losers of Ethiopia’s Inflation.
- Gov’t employs meticulous approaches to check soaring inflation.
- Top 6 Richest African Countries by Overall GDP in 2021, Ethiopia ranked 6th.
- Ethiopia, China trade insight.
- Germany Pledges to Provide Over 80 Million Euros Grant to Ethiopia.
- Premier, IMF Managing Director Discuss about Forging Strengthened Partnership.
- Ethiopia to Open Embassy in Pakistan, Eyes Strong Economic Ties.
- Japan continues to work with Ethiopia as a trusted partner: Ambassador.
Sector News—Industry, Agriculture, Services
- Ethiopia’s $5B hydro dam on Nile goes operational.
- Abay is White Oil of Ethiopia – Pietro Salini.
- EEP reveals massive success in generation, operation of power.
- በአቃቂ ቃሊቲ ክፍለ ከተማ በ250 ሚሊዮን ብር የኢንዱስትሪ ፓርክ ሊገነባ ነው (Industrial Park to be built in Akaki Kaliti Sub-City at a cost of 250mn Birr).
- ኢስት አፍሪካን ሆልዲንግ ለሲሚንቶ ፋብሪካዎች አማራጭ የኃይል ፕሮጀክት ተግባራዊ ሊያደርግ ነው (East African Holding set to implement an alternative energy project for cement factories).
- Ethiopia Aims to Enhance Large-Scale Domestic Investment in Mining Sector.
- Akobo, Oromia partner to develop services in support of Ethiopia’s mining industry.
- Ministry of Mines grants six-month extension to Kefi Gold.
- Leather Industry Development Institute Working Towards Enhancing Import Substitution, Export Earnings.
- Condo projects await 5.4 billion birr loan from state bank.
- Inflation deflates construction.
- Ballooning Input Prices Batter Construction Industry in Tatters.
- Overseas Cotton Suppliers Reluctant to Sell to Ethiopia as Domestic Production Plummets.
- BGI grooms future prospects through its program.
- ከውጭ የሚመጡ የጨርቃ ጨርቅ ምርቶችን በአገር ውስጥ ለመተካት ለዘርፉ የቅድሚያ ቅድሚያ መሰጠቱ ተገለጸ (High priority is being given to substitute textile imports with local produce).
- China hopes rise for Ethiopia after the US pulls the dutyfree export deal.
- China and Africa: Ethiopia case study debunks investment myths.
- Ethiopia’s exports of coffee, spices, tea up 52.4 pct.
- Ethiopia contemplates adoption of GMO Potato.
- Study reviews crops’ seeds business in Ethiopia.
- Counterfeit seeds threaten sector.
- World Bank Allocates $64.3mln for Drought Response in Somali Region.
- USAID Provides Over $39mln To Ethiopia In Response To Drought Situation.
- Ethiopia is the Second largest Producer of Black Cumin in Africa, after Tanzania.
- Ethiopia, Djibouti Agree to Scale up Fruits, Vegetable Trading.
- Ethiopia, Slovenia Agree to Enhance Cooperation on Agriculture, Diplomacy.
- Ashewa Technology launches project to benefit youth.
- Ministry to Integrate Traffic, Transport Management Systems Spending $107m.
- Federal Health Officials Venture into 1b Br Vaccine Inspection Centre.
- Customs Authorities Suspend Half Clearing Agent Permits.
- Ethiopia appoints two companies to certify imported solar products.
- Addis Ababa-Djibouti Railway Commences Commuter Train Service With 19 Stations.
- የኢንሹራንስ ኩባንያዎች ለግንባታ ዘርፍ ዋስትና ማስያዣ ለመስጠት ፍላጎታቸው እየቀነሰ መሆኑን ተናገሩ (Insurance companies reluctant to give guarantee bond for the construction sector).
Financial News
- Ethiopia revising policy to open door for foreign banks.
- Banks merger key to global competitiveness: Expert.
- Private banks continue their profitability for half of 2022/2021 fiscal year.
- Total Interbank Transaction Value Reached 5.8 billion ETB in January 2022.
- Policy tweaks surge the T-bill market.
- Ethiopian bankers advised to start uncollateralized lending.
- LC payment defaults pile as forex retention shrinks.
- ብሔራዊ ባንክ የመመሥረቻ ካፒታል ያላሟሉ ባንኮች የጠየቁትን የጊዜ ማራዘሚያ ጥያቄ ውድቅ አደረገ (NBE rejects under-formation banks’ period extension request to meet establishment capital).
- በሚቀጥለው አመት ሁሉን አቀፍ የጤና መድህን አገልግሎት ይጀመራል ተባለ (A comprehensive health insurance service to be launched as of next year).
- EthSwitch Registered 136,380 million P2P Transaction in January 2022.
- አዋሽ ባንክ የሚሰጣቸውን የተለያዩ አገልግሎቶች ‹‹አዋሽ ብር›› በሚል ስያሜ መስጠት ጀመረ (Awash Bank begins offering its various services under a trade name “Awash Birr”).
- Awash Bank Execs Eye ‘Super-Agents’ to Catch Up with Peers in Digital Banking.
- Dashen Bank partners with CR2 to accelerate digital branch transformation in Ethiopia.
- Banks Onboard to Expand Dallying National ID Program.
Policy and Regulatory News
Archive
- THE WEEK OF FEBRUARY 8 – FEBRUARY 15, 2022
- THE WEEK OF FEBRUARY 1 – FEBRUARY 8, 2022
- THE WEEK OF JANUARY 25 – FEBRUARY 1, 2022
- THE WEEK OF JANUARY 18 – JANUARY 25, 2022
- THE WEEK OF JANUARY 11 – JANUARY 18, 2022
- THE WEEK OF JANUARY 4 – JANUARY 11, 2022
- THE WEEK OF NOVEMBER 28, 2021 – JANUARY 4, 2022
- THE WEEK OF NOVEMBER 21 – NOVEMBER 28, 2021
- THE WEEK OF NOVEMBER 14 – NOVEMBER 21, 2021
- THE WEEK OF NOVEMBER 7 – NOVEMBER 14, 2021
- THE WEEK OF NOVEMBER 30 – DECEMBER 7, 2021
- THE WEEK OF NOVEMBER 23 – NOVEMBER 30, 2021
- THE WEEK OF NOVEMBER 16 – NOVEMBER 23, 2021
- THE WEEK OF NOVEMBER 9 – NOVEMBER 16, 2021
- THE WEEK OF NOVEMBER 2 – NOVEMBER 9, 2021
- THE WEEK OF OCTOBER 26 – NOVEMBER 2, 2021
- THE WEEK OF October 19 – OCTOBER 26, 2021
- THE WEEK OF October 12 – OCTOBER 19, 2021
- THE WEEK OF October 5 – OCTOBER 12, 2021
- THE WEEK OF SEPTEMBER 28 – OCTOBER 5, 2021
- THE WEEK OF SEPTEMBER 21 – SEPTEMBER 28, 2021
- THE WEEK OF SEPTEMBER 14 – SEPTEMBER 21, 2021
- THE WEEK OF SEPTEMBER 7 – SEPTEMBER 14, 2021
- THE WEEK OF AUGUST 31 – SEPTEMBER 7, 2021
- THE WEEK OF AUGUST 24 – AUGUST 31, 2021
- THE WEEK OF AUGUST 17 – AUGUST 24, 2021
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- THE WEEK OF JULY 27- AUGUST 3, 2021
- THE WEEK OF JULY 20- JULY 27, 2021
- THE WEEK OF JULY 13- JULY 20, 2021
- THE WEEK OF JULY 6 – JULY 13, 2021
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- THE WEEK OF FEBRUARY 23 – March 2, 2021
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- THE WEEK OF DECEMBER 29, 2020 – JANUARY 5, 2021
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- THE WEEK OF FEBRUARY 11 – FEBRUARY 18, 2020
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- THE WEEK OF DECEMBER 31 – JANUARY 8, 2020
- THE WEEK OF DECEMBER 24 – DECEMBER 31, 2019
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- THE WEEK OF MARCH 12 – MARCH 19, 2019
- THE WEEK OF FEBRUARY 25 – MARCH 2, 2019.