The week of Jul 23 - Jul 30, 2024
Macroeconomic News
- Ethiopia Officially Embarked On Comprehensive Macroeconomic Reform Policy Implementation.
- Ethiopia Currency Reforms Backed by Record $13.5 billion from Lenders, Creditors.
- IMF Approves $3.4 Billion Funding Program For Ethiopia To Support Homegrown Economic Reform.
- Highlights of IMF Extended Credit Facility Report for Ethiopia.
- World Bank approves $1.5 billion in financing for Ethiopia.
- World Bank Backs Ethiopia’s Reforms to Promote Sustainable, Inclusive Growth.
- Ethiopia-World Bank Partnership Pivotal For Collective Pursuit Of Sustainable Dev’t – Finance Minister.
- Opening up Market Means Integration of Ethiopia’s Economy with Others: EEA Director.
- Floating of Birr Imminent, Ethiopia Outlines Path to Macro Stability.
- S. Encourages Ethiopia To Implement Reforms Towards A Robust Economy.
- EU Affirms Commitment to Support Ethiopia’s Economic Reform, Green Transition.
- መንግሥት የውጭ ምንዛሪ ተመን ማሻሻያ ተፅዕኖዎችን ለመቋቋቁም የጂዲፒውን5 በመቶ በጀት ይመድባል ተባለ (The government set to allocate up to 1.5 percent of GDP budget to lower the impacts of the foreign exchange rate adjustment).
- Boosting domestic production, FDI and trade balance for Ethiopia’s economic growth.
- Modernizing the economy through excelling technology, skills.
- Government Measures Taken to Reduce Inflation Bearing Fruits: Researcher .
- Ethiopia’s Ministry of Revenue Reports Record-Breaking Tax Collection.
- Ethiopia’s external debt declines, but direct advance significantly increases.
- Customs Defers Duty-Free Privilages as Bureaucracy Tightens Grip.
- Lack of Credit Stifles Tigray Region’s Economic Resurgence.
- UAE Promises Technical Support To Ethiopia’s Accession To World Trade Organization.
- Some 345,000 Ethiopian Citizens Secure Overseas Employments in Concluded Fiscal Year.
- Cuba Seeks to Deepen Ties with Ethiopia, Praises Economic Progress.
Sector News—Industry, Agriculture, Services
- Breweries’ bitter brew.
- Conflict, settlement bar KEFI Gold from access to Wollega site.
- FSD Africa Predicts Green Jobs Boom for Ethiopia.
- Ministry And Global Trade & Finance Inc. Agree To Boost Renewable Energy Investments In Ethiopia.
- IPDC CEO Commends Activities To Create Investor-Friendly Environment In Kombolcha Industrial Park.
- IPDC Seeks To Enhance Presence Of More Russian Investments In Industrial Parks.
- Strive for Eco Industrial Park Excellence in Kombolcha Industrial Park Encouraging.
- Housing Corporation Signs MoU With Global Trade and Finance to Boost Housing Dev’t in Ethiopia.
- የአልኮልና ከአልኮል ነፃ መጠጥ አምራቾች በአዳዲስ ሕጎችና በውጭ ምንዛሪ እየተፈተንን ነው አሉ (Alcoholic and non-alcoholic beverage manufacturers said they are being challenged by the new laws and lack of foreign exchange).
- Ermias Amelega Announces Revival of Access Realestate Projects at Nyala Motor Site.
- Minister Stresses Need for Value Addition of Agricultural Commodities.
- ECTA spearheading Ethiopian coffee’s global expansion.
- የጫት ወጪ ንግድ ገቢ በከፍተኛ መጠን ማሽቆልቆሉ ታወቀ (Chat export revenue has decreased significantly).
- Green Legacy Initiative Becomes A Defining Feature Of Ethiopia’s Reputation On Global State: DPM.
- Ethiopian Airlines Earns Over 7 Billion USD In Revenue.
- Ethiopian Airlines Achieves Significant Growth in Line with Vision 2035.
- Ethiopian MRO To Develop ATR Maintenance & Repair Capability For Africa & The Middle East.
- PM Abiy Ahmed Launches 5 Million Ethiopian Coders Initiative.
- Ethiopian Coders Initiative Outcome Of Close Strategic Cooperation, Says UAE Deputy Minister Lootah.
- Ethiopia unveils first Data Center Talent Cloud.
- Shipping Lines reports 57 bln revenues, discloses trucking problems in Amhara region.
- ESL seeks to expand fleet with lease financing for four midsize vessels.
- Ethiopia Endowed with Immense Potential for Blue Economy Vital for Its Development.
- Getting tourism bigger for augmenting economic growth.
- MoU that Boosts Transport, Logistics Investment Signed.
Financial News
- Awash Bank Profits Surge as Loan Book Growth Hits Record High.
- Awash Bank secures $1.5 Billion in remittance revenue for 2023/24.
- በኢትዮጵያ ንግድ ባንክ የዲጂታል የባንክ አገልግሎት6 ትሪሊዮን ብር መዘዋወሩ ተገለጸ (Over 31.6 trillion Birr transacted through the CBE’s digital banking service channel).
- Wegagen Bank, Kifiya Tech partner to launch “Efoyta” digital lending services.
- Central Bank Unlocks Interbank Operation for Commercial Banks.
- NBE, IFC Sign Cooperation Agreement.
- Ethiopia’s currency dives by 30% as IMF-backed reforms to stabilize the economy take effect.
Policy and Regulatory News
Archive
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- THE WEEK OF FEBRUARY 25 – MARCH 2, 2019.