The week of May 6 - May 12, 2020
Macroeconomic News
- IMF revises growth projections amid COVID-19 crisis in Ethiopian.
- IMF insists on birr depreciation.
- Headline Inflation Rises to 22.9pc.
- COVID-19 Expected to Affect Close to 1.4 Mln. Workers in Ethiopia.
- Ethiopia Mobilizing USD2.2 billion to Reduce COVID-19 Macroeconomic Impacts.
- Tax Revenues Grow amidst Pandemic Crisis.
- Ethiopia, once one of world’s fastest growing economies, is seeing carefully laid plans unravel.
Sector News—Industry, Agriculture, Services
- First geothermal independent power producer in Ethiopia.
- Clean Technology Fund backs geothermal power plant project in Ethiopia.
- AfDB welcomes $10 million Clean Technology Fund investment to diversify Ethiopia’s energy mix.
- Manufacturers to Get USD100 million to Import Raw materials.
- Gov’t floats bid for acquisition of state farm.
- Ethiopia Expects to Harvest 880,000 Quintals of Wheat in Lowland Areas.
- Efforts to Increase Wheat Production Described as Promising.
- Ethio Lease receives agricultural mechanization equipment.
- Coffee Export Registers Growth Despite COVID-19.
- Ethiopia secures $400 million from horticulture export.
- COVID-19 inflicts close to USD 25 mln loss on horticulture.
- Ministry Introduces PPP Scheme for Animal Quarantine.
- Ministry Distributes Vehicles to Livestock, Fishery Sectors.
- Ethiopia Steps Up Aerial Spraying To Stop New Desert Locust Invasion.
- ኮርፖሽኑ የካዛ ግድብ ግንባታን ከ 2 ነጥብ 4 ቢሊዮን ብር በላይ የኮንትራት ዋጋ ለመገንባት ተፈራረመ (ECWC sign MoU with IDC to build 2.4bn Kaza Irrigation Dam project).
- ለግብር ከፋዮች የታክስ እዳ ምህረት ማድረጉን የገቢዎች ሚኒስቴር አስታወቀ (MoR announces tax debt cancellations for tax payers).
- Ethiopia to start issuing new telecom licenses soon.
- Discussions are underway between the government of Mauritius and Ethiopian Airlines in the revival of the island nation’s state carrier.
- Ethiopian airlines to see 1 billion dollar revenue loss.
- Ethiopian Turns to Cargo Services to Offset Revenue Losses.
- The global airline industry is going down; so why is Ethiopian Airlines looking up?
- Occupancy of Hotels Dips Down to Just 2Pct.
- Local Tech firm launches Ethiopia’s first crowd-funding platform.
- US pledges USD 37 mln.
- Ethiopia Steps Up Health Spending With Help From IMF Emergency Assistance.
- Ethiopia Scales Up Urban Productive Safety Net Project.
- Five firms, Diaspora Trust Fund ink deal for community development projects.
Financial News
- Central bank avails 16B Birr to the commercial bank.
- DBE sees capital quadruple.
- DBE gets significant capital injection.
- Banks submit proposal for NBE to freeze interest rates.
- Bankers blasts greedy private sector actors.
- የብድር ወለድ ቅናሽ ያደረጉ ሦስት ባንኮች ቱሪዝምና ሆቴሎችን ቃኝተዋል (Three banks lower lending interest rate [for the most affected sectors, such as hotels & tourism].
Policy and Regulatory News
Archive
- 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.