The week of July 11 - July 18, 2023
Macroeconomic News
- Ethiopia seeks $12 billion in funding for economic plan.
- Ethiopia Remains in Talks with IMF over New Program Support.
- Ethiopia to Remit $2m Membership Fee for Accession to International Trade Organizations.
- Positioning businesses to trade under AfCFTA.
- FDI flows from Russia to Ethiopia.
- Ethiopia: Tigray Grants Investment Permits to 55 Investors with a Collective Capital of Birr 20 Billion.
- Ethiopia’s foreign debt worsening, $3bln added this fiscal year.
- የሰኔ ወር አጠቃላይ የዋጋ ግሽበት ወደ 29 በመቶ ዝቅ ማለቱ ሪፖርት ተደረገ (June’s General inflation fell to 29 percent).
- China Will Continue Supporting Ethiopia’s Bid To Become Africa’s Investment Hub: Ambassador.
- MoLS, ILO Sign Letter Of Agreement For Implementation Of Joint Workplan.
- Ethiopia, Jordan Sign Workers’ Rights Protection Agreement.
- PHDCCI Pledges To Promote Ethiopian Investment Opportunities.
Sector News—Industry, Agriculture, Services
- Addis Ababa approves largest private housing project to address housing demand.
- Imported EVs definitely VAT-free, authorities tell dealers.
- Technical committee works to allow Chinese Volkswagen EVs into Ethiopian Market.
- Mining Companies In Tigray To Resume Mineral Exploration And Production Soon.
- IPDC, Asia-Africa Chamber Of Commerce Sign MoU To Increase Investment In Ips.
- Ethiopia Working To Fully Implement Its Food System Transformation Road Map: Agriculture Minister.
- PM Abiy Ahmed Stresses Need To New, Robust Agricultural Global Financing Model For Food Security.
- ለውጭ ገበያ ከቀረበ ቅመማቅመም ከ10 ሚሊየን ዶላር በላይ ገቢ ተገኘ ($10mn income earned from spices exports).
- ከቡና ምርት ጋር በተያያዘ በዐውደ-ርዕዮች በተደረገ ተሳትፎ ከ76 ሚሊየን በላይ ዶላር ገቢ ተገኘ (More than $76mn earned through participation in coffee production and related fairs).
- Farmers Sow Protest Seeds Facing Bureaucratic Blunders.
- Wheat-less Addis Abeba’s Loaf Life Gets Toasted by Inflation.
- Ethiopia, South Sudan Eye Cooperation In Water And Irrigation Sector.
- Key Insights from Ethio Telecom’s Annual Business Performance Report.
- Ethio Telecom’s Annual Revenue Up by 23% to 75.8 Billion Birr.
- Ethio telecom’s profit grows 109% to 18.7b br in last fiscal year.
- Telebirr transactions hit astronomical heights leaping over 22 folds just in a year.
- Ethio Telecom’s Mobile Money Reaches 34.3mil Subscribers With Transaction ETB 679.2 Billion.
- Ethio Telecom CEO’s comments on rural access spark feud with regulator.
- Quadrilateral Agreement Inked On Digital Ethiopia 2025 Strategy.
- Pharma’s foreign exchange therapy.
- Customs Commission Cracks Down on Fraud with Spontaneous Inspection System.
- World Bank pumps 730 million USD in Ethiopia’s transport artery.
- Ethiopia-Djibouti Railway Earns $60.1mil During Past Ethiopian Fiscal Year.
- Ethiopia approves regulations for domestic vaccine production.
- Ethiopia, Dev’t Partners Sign Compact MoU Worth $36mil For FP.
- Chinese Technology Company, JD Expresses Interest To Invest In Ethiopia.
- Qatar Fund for Development collaborated with Orbis to expand Qatar Creating Vision Phase Two in Ethiopia.
Financial News
- ኅብረት ባንክ ከታክስ በፊት3 ቢሊዮን ብር አተረፈ (Hibret Bank earned 3.3bn Birr before tax).
- Billion br deposit insurance scheme afoot, banks to face 5bl br.
- Commercial Banks Unveil Research to Illuminate the Spiralling Liquidity Crunch.
- Motor insurance gets out of hand; experts converge to remedy the issue.
- Challenges To Driving Financial Inclusion Through Mobile Money In Ethiopia.
Policy and Regulatory News
Archive
- THE WEEK OF JULY 4 – JULY 11, 2023
- THE WEEK OF JUNE 27 – JULY 4, 2023
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- THE WEEK OF JANUARY 4 – JANUARY 11, 2022
- THE WEEK OF NOVEMBER 28, 2021 – JANUARY 4, 2022
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- THE WEEK OF NOVEMBER 7 – NOVEMBER 14, 2021
- THE WEEK OF NOVEMBER 30 – DECEMBER 7, 2021
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- THE WEEK OF AUGUST 11 – AUGUST 18, 2020
- THE WEEK OF AUGUST 4 – AUGUST 11, 2020
- THE WEEK OF JULY 28 – AUGUST 4, 2020
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- THE WEEK OF FEBRUARY 11 – FEBRUARY 18, 2020
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- THE WEEK OF DECEMBER 24 – DECEMBER 31, 2019
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- THE WEEK OF MAY 28 – JUNE 4, 2019
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- 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.