The week of March 3 - March 10, 2020
Macroeconomic News
- Commission Working to Reduce Poverty to 19 Percent this Ethiopian Budget Year.
- Nation creates 1.67 mln jobs in seven months.
- Jobs Creation Commissioner Urged to Keep Pace of Job Creation, Galvanize Private Sector Involvement.
- Parliament Endorses 27.9b Br Supplementary Budget.
- Ethiopia Food Inflation Rate Reaches 21 Percent.
- Economic Wheezes.
- US ready to back Ethiopian reform with $5bn investment.
- Ethiopia looks to public-private partnerships to rein in debt.
- Uncertain US Commitment to Development in Ethiopia.
- Coronavirus already infecting economy.
Sector News—Industry, Agriculture, Services
- Dubai-based 54 Capital Firm Invests 300mln Br on New Soap & Detergent Factory.
- Ethiopia to develop new port in Sudan.
- TMGO kicks off power project.
- Tulu Moye geothermal commences drilling.
- Tana Beles Sugar Factory 1 to commence trial production in May.
- ETHIOPIA: EEP signs EPC contract for Aluto Langano geothermal power plant.
- Abiy, Top Coca-Cola Officials Discuss Company’s Expansion Plan in Ethiopia.
- Building Baby Dams to Save the Mother Dam: Ethiopia’s Option.
- Modjo–Hawassa Highway Phase I To Be Completed After 5 Months.
- ለለገደንቢየወርቅማምረቻአዲስየትግበራእቅድተዘጋጀ(A new operational plan devised to renew the Lega Dembi Gold Mine Factory).
- የታሸገውሃናለስላሳመጠጦችቅናሽሊደረግባቸውነው(The excise tax on bottled water and soft drinks to be lowered).
- COVID-19 delays GERD material delivery.
- Ethiopia to Ease Farmers Access to Agricultural Mechanization Services.
- Authority Sets Minimum Coffee Export Price.
- Ethiopian govt calls for international support to contain “very severe” desert locust outbreak.
- Ethiopia Heaps on Locust Swarms Deterrence Efforts
- ፋኦበኢትዮጵያለአንበጣመከላከያየ4 ነጥብ5 ሚሊየንዶላርድጋፍሊያደርግነው(FAO to provide over $4.5 million to control locust infestation in Ethiopia).
- S. Provides Additional $10m For Locust Control In East Africa, Including In Ethiopia.
- Zambia will be paying Ethiopia US$700,000/month in Zambia Airways deal.
- Ethiopian CEO Urges African Governments To Cut Taxes.
- Ethiopian Airlines Records Strong Half-Year Profit.
- Ethiopian aviation sector set to grow 226% by 2037: IATA.
- Ethiopia blocks USD 70 mln airlines funds.
- Ethiopia’s internet penetration less than half the African average.
- Nation Plans to Launch Two Satellites in Coming Three Years.
- German Software SAP Eyes IT Contracts in Ethiopia.
- Ethiopia ranked 12th in Travelers cool list 2020.
- Ethiopia Wins ‘Best Destination-Archaeology And Ancient History’ Award.
Financial News
- CBE Avails $25m to Shipping Lines Monthly.
- ንግድባንክለሴቶችብቻከሚሰጠውየቁጠባአገልግሎትየ47 ቢሊዮንብርተቀማጭሰበሰበ(CBE collected over 47 billion Birr from its women dedicated saving account).
- CBE Opens All-Female Run Branch.
- ልማትባንክከአራትቢሊዮንብርበላይያበደረበትየሊዝፋይናንስችግርገጥሞታል(DBE that lent out over 4 billion Birr via lease financing encountered a payback problem).
- Nib Nets Huge Profit, Yet Forex Earnings Dip to Zero.
- Global to Pioneer Islamic Insurance Service.
- Awash Comes out as Most Capitalised Firm.
- Banks using LC requests to mobilize deposit.
Policy and Regulatory News
Archive
- 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.