The week of May 16 - May 23, 2023
Macroeconomic News
- A Groundbreaking Journey with the Ethiopian Securities Exchange.
- Ethiopia Offers 75% Stake in its Newly Established Securities Exchange.
- ሙዓለ ንዋይ ገበያ ለማቋቋም አንድ ቢሊዮን ብር እንደሚያስፈልግ ታወቀ (More than 1bn Birr needed to establish the capital market).
- Gov’t sets record straight on Forex liberalization, devaluation.
- Minister targets fourfold increase in excise tax revenue with stamps.
- Addis Abeba Targets 9bn Br New Revenues in Bold Strategy.
- Navigating Economic Woes Amid Soaring Inflation, Deficit and External Debt.
- Multinationals see ‘hyperinflation’ but Ethiopia says no.
- World Bank Group Reaffirms Commitment To Continue Partnership With Ethiopia.
- Ethiopia Saves $1.9bn In 9 Months Through Import Substitution: Ministry Of Industry.
- Painful trade-off.
- Ethiopia Reiterates Commitment To Strengthen Trade, Business Integration In Africa.
- Invest Commission and China Chamber of Commerce Agree to Revamp Ties.
- Germany Pledges Continued Support To Ethiopia’s Holistic Dev’t Undertakings.
- Canada Vows To Support Ethiopia’s Holistic Development Undertakings.
- Netherlands To Restart Investment, Dev’t Projects Disrupted Due To Conflict.
- Bahraini Businesspeople Keen To Invest In Ethiopia: Chamber Of Commerce CEO.
- Chinese Investors Keen to Invest in Ethiopia: Ethiopian Embassy.
Sector News—Industry, Agriculture, Services
- Nyala, Nissan to begin long overdue car assembly plant.
- Cement Factories’ Low Outputs Scrounge the Construction Sector.
- Gov’t shifts gear to ensure PPP projects come to life.
- All bittersweet as Sugar Group opens another tender.
- Gov’t shines light on demerits of spending big on construction.
- የኮንስትራክሽን ዘርፍ በውጭ ኮንትራክተሮች በመያዙ የአገር ውስጥ ኮንትራክተሮች ከዘርፉ ውጭ እየሆኑ ነው ተባለ (The construction sector is being overtaken by foreign contractors, ECU).
- Ambassadors Vow To Encourage Australian, Italian Mining Companies To Invest In Ethiopia.
- Ethiopian, Russian Geologists Will Unlock Potential Of Ethiopia’s Mineral Resources: Official.
- Ethiopia: Huajian Group Plans to Expand Investment.
- Dubai Investment Park Expresses Interest To Invest In Ethiopia.
- More than 550 Million USD Earned from Horticulture Export in 8 Months of Current Fiscal Year: Association.
- Green Legacy Initiative: Focus on Fruits as Tree Seedlings Preparation Begins.
- Minister Of Agriculture Girma Amente Meets With Canada’s Minister Of Int’l Dev’t.
- State Minister Assess Discharge Of Urea Fertilizer At DMP In Djibouti.
- Ministry Receives National Poultry Development Strategy (2022-2031) From ILRI.
- Agricultural One Stop Shops (AOSSs) Project Empowers 7.5 Million Farmers in Ethiopia.
- Jeju Coffee Farm Shows Interest to Research Ethiopia’s Coffee Beans.
- Canada Keen to Support Ethiopia in Agricultural Development, Food Security.
- Cuba, Ethiopia Agree To Strengthen Agricultural Dev’t Cooperation.
- Transaction of Over 1.2 Trillion Birr Carried out Through Digital Payment System in Nine Months.
- UAE’s Etisalat Keen on Entering Ethiopian Telecom Market.
- Wingu, Ride partner to provide swift services to customers.
- Tourism Sector Rakes In Over $3bn In 9 Months: Ministry.
- Ministry Working To Establish National Innovation Fund To Support Start-Ups.
- PM Abiy Urges Innovators to Play their Part in Ethiopia’s Development Efforts.
- Private Companies Engaged In Digital Commerce Play A Key Role In Ethiopia’s Digital Economy: MinT.
- Ethiopia’s Hotel Industry Gets a Payment Upgrade with LakiPay Partnership.
- Grant Thornton, CFI ink momentous deal.
- Addis delivers headquarters for a global educational union.
- EDR completes maiden heavy truck transport on rail.
- Juba set to fast-track infrastructure, trade, integration.
- Belgium Ready To Cooperate With Ethiopia In Innovation & Technology: Ambassador.
- EU, MoH Sign Agreement Worth €5mln To Improve Specialized Health Education In Ethiopia.
Financial News
- Bunna Bank Bucks Industry Trend with High-Growth Trajectory.
- Ahadu banks deal for its digital payment gateway.
- Treasury bond reels in over 25 billion birr.
- Ethiopia’s Financial Sector Update: Growth in Institutions, Branch Networks, and Digital Services.
- Banks complicit as “rubber stamps” for illegal hawala 105 birr Rate.
Policy and Regulatory News
Archive
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- THE WEEK OF FEBRUARY 25 – MARCH 2, 2019.