The week of MAY 17 - May 24, 2022
Macroeconomic News
- Diaspora Send 3.3 Billion USD in Remittance during Past Nine Months: Deputy PM & FM.
- Defense budget weighs on upcoming budget bill.
- EU to decide financing, reengagement with Ethiopia.
- Ethiopia, Japan Hold Economic Cooperation Policy Dialogue Meeting.
- Ethiopia, Saudi Arabia Discus Ways to Expand Trade & Investment Between Two Countries.
Sector News—Industry, Agriculture, Services
- Dashen beer completes Debre Berhan, Gondar expansion.
- Int’l energy suppliers to be paid in USD.
- Government inches to build palace for over 49 billion birr.
- Agrochemical Importers Plead for Credit Extensions, Blame Logistics Disruptions.
- Manufacturer Leases Shed at Adama Park for Novel Recycling Venture.
- Finance Ministry Grants Grace Period to Vehicle Assembler, Taxi Drivers Left in Limbo.
- Mixed bag of companies’ line up to supply white cane sugar.
- Ethiopian Company Eyes to be Hub for East Africa in Top quality Cutback Bitumen.
- የኤሌክትሪክ ኃይል አመንጭተው የሚሸጡ የውጭ ድርጅቶች ክፍያቸው በዶላር እንዲፈጸም ተወሰነ (Foreign companies that generate and sell electricity set to be paid in dollars).
- ኢትዮጵያ በመጪው ሐምሌ የኤሌክትሪክ ኃይል ሽያጭ ልትጀምር ነው (Ethiopia to start selling electricity as of July).
- South Sudan and Ethiopia sign 100MW electricity trade agreement.
- Ethiopia and France sign €19M in grant agreements.
- Ethiopia coffee export breaks US$1B+ record.
- Focus on specialty coffee export reaps big.
- PM Stresses Need for Nurturing Culture of Productivity to Realize Self-Sufficiency.
- Ethio Telecom Signs An Agreement To Lease Its Modern Modular Data Center For Five Institutions..
- Ethio telecom, Ethiopian Airlines reach deal over safety of 5G.
- Central Bank to green light ethio telecom’s micro credit permit request.
- Exporters Face Ship or Lose Ultimatum, Again.
- License Plate Shortage Haunts Car Owners, Dealerships.
- Loans weigh hefty for hoteliers.
Financial News
- የኢትዮጵያ ንግድ ባንክ ባለፉት ዘጠኝ ወራት 143 ቢሊዮን ብር ተቀማጭ ሰበሰበ (CBE collected over 143bn Birr deposit in the past nine months).
- ልማት ባንክ ከስድስት ቢሊዮን ብር በላይ የተበላሸ ብድር ወደ ጤናማነት ማሸጋገሩን አስታወቀ (DBE transforms over Birr 6bn bad loans to healthy loans).
- አዲስ ብድርና ቁጠባ በአሥር ወራት3 ቢሊዮን ብር መሰብሰቡን አስታወቀ (Addis Credit and Saving Association collected 7.3bn Birr in ten months).
- Holding Group to oversee formation of stock exchange.
- Capital Market Launch Unlikely Before Two Years.
- Public-Private Partners Sign Agreement to Launch Company that Develops Capital Markets.
- Ethiopia’s financial sector set for transformation with launch of FSD Ethiopia.
Policy and Regulatory News
Archive
- THE WEEK OF MAY 10 – MAY 17, 2022
- THE WEEK OF MAY 3 – MAY 10, 2022
- THE WEEK OF APRIL 26 – MAY 3, 2022
- THE WEEK OF APRIL 19 – APRIL 26, 2022
- THE WEEK OF APRIL 12 – APRIL 19, 2022
- THE WEEK OF APRIL 5 – APRIL 12, 2022
- THE WEEK OF MARCH 29 – APRIL 5, 2022
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- THE WEEK OF MARCH 15 – MARCH 22, 2022
- THE WEEK OF MARCH 8 – MARCH 15, 2022
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- THE WEEK OF FEBRUARY 22 – MARCH 1, 2022
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- THE WEEK OF NOVEMBER 28, 2021 – JANUARY 4, 2022
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- THE WEEK OF MARCH 12 – MARCH 19, 2019
- THE WEEK OF FEBRUARY 25 – MARCH 2, 2019.