The week of November 16 - November 23, 2021
Macroeconomic News
- Ethiopia Secures 1.1 Bln USD in Remittance during Past Three Months.
- ገቢዎች ሚኒስቴር ባለፉት አራት ወራት 123 ቢሊዮን ብር ግብር መሰብሰቡን አስታወቀ (Ministry of Revenue collected 123bn Birr tax in the past four months).
- Ministry Collects Nearly 54 Billion Birr in Tax Revenues.
- Ethiopia October Tax Revenue Up 22 Percent.
- A tax season for atrophied economy.
- Economic Association Says Ethiopia Has Viable Opportunities to Avert Economic Challenges.
- China reaffirmed its business commitment with Ethiopia.
Sector News—Industry, Agriculture, Services
- Industrial sector takes largest chunk in 4th quarter.
- Dire Dawa-based Andrea Shoe makes its First Export to Italy.
- ShangTex Manufacturing Ethiopia Begins Exporting Products.
- PVH quits production at Hawassa.
- Security Concerns Drive Pioneering Tenant Away from Hawassa Industrial Park.
- Industry Park looks to transfer PVH Corp sheds.
- ኢትዮጵያ የአጎዋን ዕድል ብትከለከልም ኢንቨስተሮችን ለመደገፍ የሚያስችል ስትራቴጂ እየተቀረፀ ነው ተባለ (Despite Ethiopia’s denial of AGOA’s opportunity, a strategy is being devised to support investors).
- ከአጎዋ መታገድ የሚያስከተለው የኢኮኖሚ ጫና ምን ያህል ነው? (What is the economic impact of the AGOA ban?)
- Debt Soaked Sugar Corp Wants 11.3b Br in Loans.
- Nation Earns about 23 Mln USD from Electric Power Export to Neighboring Countries.
- Ethiopia’s Investment in Green Economy Strategy and Renewable Energy.
- Israel’s Mining Companies “Committed” to Continue Investment in Ethiopia.
- ምርት ገበያው በአራት ወራት የ4 ነጥብ 4 ቢሊየን ብር ምርት አገበያየ (ECX traded 4.4bn Birr in four months).
- ምርት ገበያው ባለፉት አራት ወራት ከ51 ሺህ ሜትሪክ ቶን በላይ ምርቶችን አገበያየ (ECX traded more than 51,000 metric tons of commodities in the past four months).
- Ethiopia Secures $417 Million from Coffee Export in four Months.
- Ethiopian coffee export hits over 91 mln. USD in October.
- Coffee and spices surpass earning expectations.
- Coffee hits new heights under new model.
- Green mung and red kidney beans spike in value.
- Avocado: Ethiopia’s Thriving Agricultural Sector.
- የእርሻ ሥራን የማዘመን ጉዞ (A journey to modernize agriculture).
- Ethio telecom starts international remittance.
- Commissioner, Safaricom Discuss Preparations For Commercial Launch In Ethiopia.
- ሳፋሪኮም በኢትዮጵያ ትርፍ ለማግኘት አምስት ዓመታት እንደሚወስድበት አስታወቀ (Safaricom announces it will take five years to make a profit in Ethiopia).
- EthSwitch receives grant to transform Ethiopia’s digital payment landscape.
- Ethiopian Electric Utility Plans to Invest $100 million to Improve Electric Services in 10 Cities.
- Diversifying export destination, items tackle AGOA impact.
- Trade Ministry Plans to Allow Retailers Distribute Fuel in Rural Areas.
- በሞጆ ሎጂስቲክስ ማዕከል ውስጥ የቀዝቃዛ መጋዘንና መሠረተ ልማት ለመገንባት ዝግጅት እየተደረገ ነው (Preparations are underway to build a cold warehouse and infrastructure at Mojo Logistics Center).
- Djibouti, Ethiopia ink corridor management alliance.
- UNIDO Renews Commitment To Facilitate B2B Ties Between Italian, Ethiopian Companies.
- የንግድ ሥራ ፈቃድ ብቃት ማረጋገጫ መደቦች ከ52 ወደ አሥር ዝቅ ተደረጉ (Business licensing qualifications reduced from 52 to ten).
- በኮሮና ወረርሽኝና በፀጥታ ችግሮች ከአንድ ቢሊዮን ዶላር በላይ የቱሪዝም ገቢ መታጣቱ ተገለጸ (More than $1 billion tourism revenue lost due to Corona & security problems).
Financial News
- Dashen bank earns 2.4bln br gross profit for 2021 / 2020 fiscal year.
- Dashen anchors yet another successful financial year.
- የዳሸን ባንክ ባለአክሲዮኖች የባንኩ የተከፈለ ካፒታል ወደ 12 ቢሊዮን ብር እንዲያድግ ወሰኑ (Dashen Bank’s shareholders decide to increase its paid-up capital to 12bn Birr).
- Despite Rise in Net Claims, United Shores Up Profits.
- ናይል ኢንሹራንስ የተከፈለ ካፒታሉን በእጥፍ አሳደገ (Nile Insurance doubles its paid-up capital).
- ሕብረት ኢንሹራንስ ሸሪዓ መር የሆነውን ተካፉል መድኅን ሊጀምር መሆኑ ታወቀ (United Insurance to start Sharia-led ‘Takaful’ insurance).
- የኢትዮጵያ ኢንሹራንስ ኩባንያዎች በ2013 የሒሳብ ዓመት አራት ቢሊዮን ብር የጉዳት ካሳ መክፈላቸው ተገለጸ (Ethiopian Insurance Companies Compensated close to 4 Billion Birr in Fiscal Year 2020/21).
- Insurers formally submit letter of protest to NBE.
Policy and Regulatory News
- Draft Proclamation seeks to nurture start ups.
- የኤክስፖርት ልማትና ፕሮሞሽን ረቂቅ ስትራቴጂ ለማፀደቅ ዝግጅት እየተደረገ ነው (Preparations are underway to approve the Export Development and Promotion Draft Strategy).
- የግዥና ንብረት አስተዳደር ረቂቅ ዐዋጅ ላይ ማሻሻያ ሊደረግ ነው (The draft Procurement and Property Management Proclamation to be amended).
Archive
- THE WEEK OF NOVEMBER 9 – NOVEMBER 16, 2021
- THE WEEK OF NOVEMBER 2 – NOVEMBER 9, 2021
- THE WEEK OF OCTOBER 26 – NOVEMBER 2, 2021
- THE WEEK OF October 19 – OCTOBER 26, 2021
- THE WEEK OF October 12 – OCTOBER 19, 2021
- THE WEEK OF October 5 – OCTOBER 12, 2021
- THE WEEK OF SEPTEMBER 28 – OCTOBER 5, 2021
- THE WEEK OF SEPTEMBER 21 – SEPTEMBER 28, 2021
- THE WEEK OF SEPTEMBER 14 – SEPTEMBER 21, 2021
- THE WEEK OF SEPTEMBER 7 – SEPTEMBER 14, 2021
- THE WEEK OF AUGUST 31 – SEPTEMBER 7, 2021
- THE WEEK OF AUGUST 24 – AUGUST 31, 2021
- THE WEEK OF AUGUST 17 – AUGUST 24, 2021
- THE WEEK OF AUGUST 10 – AUGUST 17, 2021
- THE WEEK OF AUGUST 3 – AUGUST 10, 2021
- THE WEEK OF JULY 27- AUGUST 3, 2021
- THE WEEK OF JULY 20- JULY 27, 2021
- THE WEEK OF JULY 13- JULY 20, 2021
- THE WEEK OF JULY 6 – JULY 13, 2021
- THE WEEK OF JUNE 29 – JULY 6, 2021
- THE WEEK OF JUNE 22 – JUNE 29, 2021
- THE WEEK OF JUNE 15 – JUNE 22, 2021
- THE WEEK OF JUNE 8 – JUNE 15, 2021
- THE WEEK OF JUNE 1 – JUNE 8, 2021
- THE WEEK OF MAY 25 – JUNE 1, 2021
- THE WEEK OF MAY 18 – MAY 25, 2021
- THE WEEK OF MAY 11 – MAY 18, 2021
- THE WEEK OF MAY 4 – MAY 11, 2021
- THE WEEK OF APRIL 27 – MAY 4, 2021
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- THE WEEK OF APRIL 13 – APRIL 20, 2021
- THE WEEK OF APRIL 6 – APRIL 13, 2021
- THE WEEK OF MARCH 30 – APRIL 6, 2021
- THE WEEK OF MARCH 23 – MARCH 30, 2021
- THE WEEK OF MARCH 16 – MARCH 23, 2021
- THE WEEK OF MARCH 9 – MARCH 16, 2021
- THE WEEK OF MARCH 2 – MARCH 9, 2021
- THE WEEK OF FEBRUARY 23 – March 2, 2021
- THE WEEK OF FEBRUARY 16 – FEBRUARY 23, 2021
- THE WEEK OF FEBRUARY 9 – FEBRUARY 16, 2021
- THE WEEK OF FEBRUARY 2 – FEBRUARY 9, 2021
- THE WEEK OF JANUARY 26 – FEBRUARY 2, 2021
- THE WEEK OF JANUARY 19 – JANUARY 26, 2021
- THE WEEK OF JANUARY 12 – JANUARY 19, 2021
- THE WEEK OF JANUARY 5 – JANUARY 12, 2021
- THE WEEK OF DECEMBER 29, 2020 – JANUARY 5, 2021
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- THE WEEK OF DECEMBER 15 – DECEMBER 22, 2020
- THE WEEK OF DECEMBER 8 – DECEMBER 15, 2020
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- THE WEEK OF NOVEMBER 24 – DECEMBER 1, 2020
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- THE WEEK OF NOVEMBER 3 – NOVEMBER 10, 2020
- THE WEEK OF OCTOBER 27 – NOVEMBER 3, 2020
- THE WEEK OF OCTOBER 20 – OCTOBER 27, 2020
- THE WEEK OF OCTOBER 13 – OCTOBER 20, 2020
- THE WEEK OF OCTOBER 6 – OCTOBER 13, 2020
- THE WEEK OF SEPTEMBER 29 – OCTOBER 6, 2020
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- THE WEEK OF SEPTEMBER 15 – SEPTEMBER 22, 2020
- THE WEEK OF SEPTEMBER 8 – SEPTEMBER 15, 2020
- THE WEEK OF SEPTEMBER 1 – SEPTEMBER 8, 2020
- THE WEEK OF AUGUST 25 – SEPTEMBER 1, 2020
- THE WEEK OF AUGUST 18 – AUGUST 25, 2020
- THE WEEK OF AUGUST 11 – AUGUST 18, 2020
- THE WEEK OF AUGUST 4 – AUGUST 11, 2020
- THE WEEK OF JULY 28 – AUGUST 4, 2020
- THE WEEK OF JULY 21 – JULY 28, 2020
- THE WEEK OF JULY 14 – JULY 21, 2020
- THE WEEK OF JUNE 30 – JULY 14, 2020
- THE WEEK OF JUNE 23 – JUNE 30, 2020
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- THE WEEK OF JUNE 9 – JUNE 16, 2020
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- THE WEEK OF MAY 26 – JUNE 2, 2020
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- THE WEEK OF MAY 12 – MAY 19, 2020
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- THE WEEK OF APRIL 28 – MAY 6, 2020
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- THE WEEK OF April 7 – APRIL 14, 2020
- THE WEEK OF MARCH 31 – APRIL 7, 2020
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- 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.