The week of February 2 - February 9, 2021
Macroeconomic News
- Ethiopia Secures Over 77 Bn Birr In Loan, Grant In Six Months.
- ባለፉት ስድስት ወራት ከ143 ቢሊየን ብር በላይ ወደ ሀገር ውስጥ የገባ እና ወደ ፊት የሚገባ ብድርና እርዳታ ተገኘ (More than 143 billion Birr have been received in loans and grants over the past six months).
- Ethiopia’s debt relief request to put other DSSI nations under scrutiny – Morgan Stanley.
- መንግሥት ከውጭ የግል አበዳሪዎቹ የመክፈያ ጊዜ ማራዘሚያና እፎይታ ሊጠይቅ እንደሚችል አስታወቀ (The government announced that it may request for extension and relief of its foreign debt).
- Impact of Ethiopia’s debt plan on private creditors not yet clear, says adviser.
- PSI to Track & Guide Ethiopia’s Homegrown Economic Reforms.
- በበጀት አመቱ ስድስት ወራት ከወጪ ንግድ 1 ነጥብ 5 ቢሊየን ዶላር ገቢ ተገኘ (Over $ 1.5 billion earned from export trade during the first six months of the fiscal year).
- Ethiopia introduces new approach to keep Birr’s value.
- ገቢዎች ሚኒስቴር ባለፉት ስድስተ ወራት 149 ቢሊዮን ብር ገቢ ሰበሰበ (The Ministry of Revenue collected 149 billion Birr in the last six months).
- የጉምሩክ ኮሚሽን ከመቀሌ ቅርንጫፍ በኹለት ወራት ተኩል 1 ነጥብ 2 ቢሊዮን ብር ማጣቱን አስታወቀ (Customs Commission loses 1.2 billion Birr in Mekelle branch in two and a half months).
- Ministry adamant inability to collect taxes in Tigray won’t impact annual target.
- በኹለተኛው ግማሽ ዓመት በቀረጥ ነፃ ምክንያት 12 ቢሊዮን ብር የገቢ ጉድለት ሊጋጥም ይችላል (There could be a deficit of $ 12 billion in the second half of the year due to the tax exemptions).
- Inflation Continues Runaway Trend.
- Russian Investors Eye Ethiopia’s Energy, Innovation, And Trade Sectors.
- Ethiopia Keen To Learn From China’s Economic Transformation: Official.
- UK Committed To Continue Support To Reform In Ethiopia: UK-FCDO Africa Director.
Sector News—Industry, Agriculture, Services
- BKG says Phibella leading African palm oil Industrial complex.
- PM Abiy Inaugurates PhiBela Edible Oil Factory.
- ፋብሪካዎችን ሥራ ለማስጀመር 9 ነጥብ 6 ቢሊዮን ብር ተበጀተ (9.6 billion Birr allotted to initiate the factories).
- Nation Earns 7 Billion Birr from Electric Export in Six Months.
- Authority signs road projects worth over 18.2 billion Birr.
- Ministry needs 3-trillion Birr for infrastructural dev’t.
- Authority Awards Road Projects with Sizeable Price Gap.
- $456 million asphalt roads to connect Ethiopia with neighbors.
- EEP Working To Supply Power To Four Agro-Industrial Parks.
- Over 78 Percent of Renaissance Dam Completed.
- ከ40 በላይ የከበሩ የጌጣጌጥ ማዕድናት ቢኖሩም እሴት ጨምሮ ለገበያ በማቅረብ የሚገኘው ገቢ ዝቅተኛ መሆኑ ተገለጸ (Despite the presence of more than 40 precious metals, sales revenue, including value, is low in Amhara region).
- IPDC, USAID Ethiopia Explore Possible Areas Of Cooperation.
- PM Abiy Commends Irrigation Based Summer Wheat Cultivation In Afar Region.
- የኢትዮጵያ ምርት ገበያ የበይነ መረብ ግብይትን እያስፋፋ መሆኑን አስታወቀ (ECX is broadening its online marketing presence).
- ECX Inaugurates Electronic Trading Centre In Gondar.
- University stresses Enset production, development modernization.
- Orange and Vodafone confirm plans to bid for Ethiopian licences.
- Ethiopia sees jump in mobile payments despite COVID-19.
- Ethio Telecom Restores 363 Mobile Sites In Tigray.
- Ethiopian Airlines Allowed to Deliver Kenya’s Flower to Europe.
- Ethiopian Leverages Cold Chain Facilities To Bring Vaccines To Africa.
- Unpacking retail and consumer goods trends in Ethiopia.
- Ethiopia’s Tourism Sector To Benefit From First Travel And Leisure Platform.
- ፐርፐዝ ብላክ የተባለ ዓለም አቀፍ ድርጅት የኢትዮጵያን ምርቶች ለዓለም ለገበያ ሊያቀርብ መሆኑን አስታወቀ (An international company called PurposeBlack to avail Ethiopian products to the international market).
- Startup studio 1888EC partners with Mastercard Foundation to create digital solutions for tourism sector in Ethiopia.
- MoLSA Launches German Funded Project To Support Workers Affected By COVID-19.
- Ethiopia Receives WTTC’s Save Travel Stamp.
- Ethiopia Has Huge Potential As Pharmaceutical Investment Destination: Amb.
Financial News
- Less than bullish.
- የአገሪቱ ባንኮች የሰጡት ብድር ከአንድ ትሪሊዮን ብር በላይ መድረሱ ተገለጸ (Total loan disbursement of banks reached more than one trillion Birr).
- የኢትዮጵያ ንግድ ባንክ ከምስራቅ አፍሪካ ባንኮች መካከል የመጀመሪያውን ደረጃ አገኘ (Commercial Bank of Ethiopia ranks first amongst East African banks).
- Lucy Insurance Springs Back From Profit Plunge.
- ዓላማቸውን እንዳይስቱ የሚያሠጋው የማይክሮ ፋይናንሶች የባንክነት ሒደት (MFIs to banks promotion process may jeopardize their means).
- CBE Approves Disputed Cash-Counting Machines.
Policy and Regulatory News
Archive
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