The week of March 26 - April 2, 2019
Macroeconomic News
- World Bank VP: reforms should be “sequenced, carefully planned”
- World Bank finds Ethiopia losing USD 3.7 bln to gender gap.
- In Ethiopia, new perspectives on the challenges of development.
- PM lauds results, braces to address forex, deficit.
- Ethiopia seeks $6b to electrify the entire population.
- Binding Tariff Information underutilized in Ethiopia.
Sector News—Industry, Agriculture, Services
- Kangaroo Plast joins brewery business.
- German medicine giant to supply subsidized packs for NCDs.
- Public Enterprise Agency appeals injunction order.
- Ethiopia, Russia Plan To Sign Deal On Nuclear Energy Next Month.
- Unilever inaugurates a world-class oral care plant in Ethiopia.
- ኢትዮጵያ በሚቀጥለው ዓመት መጀመርያ ላይ የመረጃ ሳተላይት እንደምታመጥቅ ተገለጸ (Ethiopia set to launch its first information satellite early next year, Innovation and Technology Ministry).
- Turkish company finally pays nearly 2.1 billion birr in tax.
- Promising fights back to protect business.
- Tax breaks for agriculture.
- Two Firms Team up to Provide Ag Info.
- ከሰብል ምርቶች የወጪ ንግድ 612 ሚሊዮን የአሜሪካን ዶላር በላይ ገቢ ተገኘ (Over USD 612 mn earned in the past six months from crop exports).
- City Hires Overseas Firms to Supervise Transport Master Plan.
- Ethiopian Airlines is doubling down on its Africa expansion plans, despite the Boeing crisis.
- ከሁለት ቢሊዮን ብር በላይ ያላግባብ ክፍያ የፈጸሙ መንግሥታዊ ተቋማት የሁለት ወራት ጊዜ ገደብ ተሰጣቸው (Gov’t institutions that paid over 2 bn Birr inapplicably have been ordered to report to the Federal General Auditor Authority within 2 months time).
Financial News
- United Insurance Settles 24m Br Claim.
- Abay Bank’s innovative way to give back.
- Industry in Disagreement Over Paying For Premier’s Flagship Projects.
- Amhara Saving to go into mainstream Banking.
- Intellectual property rights permitted for bank loan collateral.
- Banks suffering from looting spree.
- Court rules against Zemen in Holland case.
- Ethiopia Set To Open Financial Sector For Global Market.
- Equity eyes Ethiopia in continental expansion.
- ለውጭ ምንዛሪ ክምችት የተለየ መፍትሔ ካልተገኘ ከነዳጅና ከመድኃኒት ግዥ በስተቀር ሌላ ጥያቄ ማስተናገድ እንደማይቻል ታወቀ (The forex reserve ‘ll worth only for medicine and oil imports, if the crunch go as-is; governor commented).