The week of June 9 - June 16, 2020
Macroeconomic News
- Ethiopia Expects 10.2 Percent Economic Growth over Next Ten Years.
- Ethiopia’s 2020/21 growth seen at 8.5%, spending to rise 6.8% -finmin.
- Nation Secures 2.4 Billion USD from Export in 10 Months.
- Ethiopia export earnings increases 12 percent.
- Nation Secures over 18 bln Birr Revenue in May.
- City administration waives 4.5 bln birr in taxes.
- Branding and WTO accession.
- Ethiopia among Latest Countries to Get Paris Club Debt Relief.
- Ethiopia Calls For More Investment From South Korea.
Sector News—Industry, Agriculture, Services
- Ethiopia affirms commitment to Lapsset, says other projects not a problem.
- EFFORT Claims Multi-Billion Dollar Power Deal.
- Ethiopia Approves Power Purchase Deal with CORBETTI.
- በአማራ ክልል ከ350 በላይ አዲስ ኢንዱስትሪዎች በኃይል እጥረት ምክንያት ሥራ መጀመር አልቻሉም (Over 350 new industries in Amhara region don’t commence operation due to power shortage).
- የነዳጅ ፍጆታ በመቀነሱ 470 ሚሊዮን ዶላር ማዳን ተችሏል (Ethiopia saves $470mn as international fuel consumption falls due to corona).
- Authority spends 25.8b Br on roads ahead of fiscal year closing.
- Ethiopia awards $752 million road construction projects.
- Deputy PM Puts Cornerstone to Construct 3.6 Billion Birr Worth Road in Amhara Region.
- Ethiopia, Sudan to link with 1,522 kilometres railway.
- Ethiopian edible oils company Turaco secures US$22m growth capital.
- New Bottled Water Hits Market.
- Fuel demand falls as COVID-19 slows down economic activities.
- MetEC seals deal to supply public supply with pickups.
- Cement demand meets truck shortage.
- Ethiopia Begins Sugar Stocking To Avoid Supply Shortages.
- Some 67 Companies To Start Face Mask Production.
- Flower industry sees light of day as Europe opens up.
- Regional Enterprise Secures 1.2b Br Irrigation Dam Project.
- ምርት ገበያ 700 ሺሕ ቶን የሚጠጋ ምርት ከ36 ቢሊዮን ብር በላይ አገበያየ (ECX traded close to 700 thousand ton agricultural produce [36bn Birr] in the past 11 months).
- Ethiopia to float 400,000 tonnes wheat bid, again.
- Transgenic crop introduction in Ethiopia sparks media debate.
- Ethiopia Is Trailblazing In Climate-Resilient Green Economy.
- Inside Ethiopia’s Endangered Wild-Coffee Forests.
- Safaricom Bids to Enter Ethiopia.
- Safaricom to bid on Ethiopian licence.
- Helios Towers Ltd set aside $450 million for Africa expansion plan.
- ኢትዮጵያ በኮሮና ቫይረስ ምክንያት ከቱሪዝም ዘርፍ ከ1 ቢሊየን ዶላር በላይ ገቢ ማጣቷ ተገለጸ (Ethiopia lost over USD 1bn revenue from tourism due to corona).
- Ethiopia Looks to its National Carrier for an Exports Boost.
- Tech Firm Develops Interactive E-Learning App.
- Mastercard Foundation Commits USD 3.2 million to Rescue Enterprises In Ethiopia.
- Joining hands to make Ethiopia post COVID-19 tourism destination.
- Heavy Equipment Market in Ethiopia and Djibouti to Reach $496.1 Million, by 2026: New Study by Allied Market Research.
- EU Mobilizes 19 Billion Birr To Support Ethiopian Health System Amid Pandemic.
- Socio-Economic Impact of COVID‑ 19 in Ethiopia.
- Figures of the week: Effects of COVID-19 on Ethiopian firms.
Financial News
Policy and Regulatory News
- Power Purchase Agreement, New Digital Strategy & Commercial Code Approved.
- New proclamation to ease energy development investments.
- House Refers over 476 billion Birr Draft Budget to Standing Committee.
- 476 bln birr draft budget under standing Committee scrutiny.
- Authority Drafts Law to Regulate Telecom Service Quality.
Archive
- THE WEEK OF JUNE 2 – JUNE 9, 2020
- THE WEEK OF MAY 26 – JUNE 2, 2020
- THE WEEK OF MAY 19 – MAY 26, 2020
- THE WEEK OF MAY 12 – MAY 19, 2020
- THE WEEK OF MAY 6 – MAY 12, 2020
- THE WEEK OF APRIL 28 – MAY 6, 2020
- THE WEEK OF APRIL 21 – APRIL 28, 2020
- THE WEEK OF APRIL 14 – APRIL 21, 2020
- THE WEEK OF April 7 – APRIL 14, 2020
- THE WEEK OF MARCH 31 – APRIL 7, 2020
- THE WEEK OF MARCH 24 – MARCH 31, 2020
- THE WEEK OF MARCH 17 – MARCH 24, 2020
- THE WEEK OF MARCH 10 – MARCH 17, 2020
- THE WEEK OF MARCH 3 – MARCH 10, 2020
- THE WEEK OF FEBRUARY 25 – MARCH 3, 2020
- THE WEEK OF FEBRUARY 18 – FEBRUARY 25, 2020
- THE WEEK OF FEBRUARY 11 – FEBRUARY 18, 2020
- THE WEEK OF FEBRUARY 4 – FEBRUARY 11, 2020
- THE WEEK OF JANUARY 28 – FEBRUARY 4, 2020
- THE WEEK OF JANUARY 21 – JANUARY 28, 2020
- THE WEEK OF JANUARY 14 – JANUARY 21, 2020
- THE WEEK OF JANUARY 8 – JANUARY 14, 2020
- THE WEEK OF DECEMBER 31 – JANUARY 8, 2020
- THE WEEK OF DECEMBER 24 – DECEMBER 31, 2019
- THE WEEK OF DECEMBER 17 – DECEMBER 24, 2019
- THE WEEK OF NOVEMBER 10 – DECEMBER 17, 2019
- THE WEEK OF NOVEMBER 3 – DECEMBER 10, 2019
- THE WEEK OF NOVEMBER 26 – DECEMBER 3, 2019
- THE WEEK OF NOVEMBER 19 – NOVEMBER 26, 2019
- THE WEEK OF NOVEMBER 12 – NOVEMBER 19, 2019
- THE WEEK OF NOVEMBER 5 – NOVEMBER 12, 2019
- THE WEEK OF OCTOBER 29 – NOVEMBER 5, 2019
- THE WEEK OF OCTOBER 22 – OCTOBER 29, 2019
- THE WEEK OF OCTOBER 15 – OCTOBER 22, 2019
- THE WEEK OF OCTOBER 8 – OCTOBER 15, 2019
- THE WEEK OF OCTOBER 1 – OCTOBER 8, 2019
- THE WEEK OF SEPTEMBER 24 – OCTOBER 1, 2019
- THE WEEK OF SEPTEMBER 17 – SEPTEMBER 24, 2019
- THE WEEK OF SEPTEMBER 10 – SEPTEMBER 17, 2019
- THE WEEK OF SEPTEMBER 3 – SEPTEMBER 10, 2019
- THE WEEK OF AUGUST 27 – SEPTEMBER 3, 2019
- THE WEEK OF AUGUST 20 – AUGUST 27, 2019
- THE WEEK OF AUGUST 13 – AUGUST 20, 2019
- THE WEEK OF AUGUST 6 – AUGUST 13, 2019
- THE WEEK OF JULY 30 – AUGUST 6, 2019
- THE WEEK OF JULY 23 – JULY 30, 2019
- THE WEEK OF JULY 16 – JULY 23, 2019
- THE WEEK OF JULY 9 – JULY 16, 2019
- THE WEEK OF JULY 2 – JULY 9, 2019
- THE WEEK OF JUNE 25 – JULY 2, 2019
- THE WEEK OF JUNE 18 – JUNE 25, 2019
- THE WEEK OF JUNE 11 – JUNE 18, 2019
- THE WEEK OF JUNE 4 – JUNE 11, 2019
- THE WEEK OF MAY 28 – JUNE 4, 2019
- THE WEEK OF MAY 21 – MAY 28, 2019
- THE WEEK OF MAY 14 – MAY 21, 2019
- THE WEEK OF MAY 7 – MAY 14, 2019
- THE WEEK OF APRIL 30 – MAY 7, 2019
- THE WEEK OF APRIL 23 – APRIL 30, 2019
- THE WEEK OF APRIL 16 – APRIL 23, 2019
- THE WEEK OF APRIL 9 – APRIL 16, 2019
- THE WEEK OF APRIL 2 – APRIL 9, 2019
- 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.