The week of November 30 - December 7, 2021
Macroeconomic News
- Ethiopia Attracts over 1 Bil USD from FDI in Four Months.
- በጥቅምት ወር ከወጪ ንግድ 311 ነጥብ 5 ሚሊየን ዶላር ገቢ ተገኘ (Ethiopia earned $311.5mn from exports in the month of October).
- Ethiopia chooses to keep USD 400 million in SDR as Reserve.
- Foreign Companies Express Interest to Do Businesses with Ethiopia: Ministry of Trade, Regional Integration.
- Govt and its Partners Discuss Progress of Ethiopia’s 10-Year Dev’t Plan.
- ከጦርነት በኋላ ኢኮኖሚው እንዲያገግም ዕርምጃዎች እንደሚወስዱ ብሔራዊ ባንክ አስታወቀ (NBE set to take measures to salvage the war-torn economy).
- ገቢዎች ሚኒስቴር ጦርነት ባለባቸው ቦታዎች ያልተሰበሰበውን ገቢ ለማካካስ እንደሚሠራ አስታወቀ (The Ministry of Revenue set to offset the uncollected revenue in war-torn areas).
- Finance Minister Ahmed Discusses Bilateral Economic Cooperation with Kuwait’s Prime Minister.
- World Bank Country Director Affirms Continued Support to Ethiopia.
- Ethiopia Can Boost Economy Amid Challenges, Says Germany Economist.
Sector News—Industry, Agriculture, Services
- Redstar saves BMET Cables from foreclosure.
- GERD Will Make Ethiopia Geopolitical Power of Africa, Boost National Economy: Water Expert.
- Kefi positive that end of Ethiopian conflict is near, boding well for project progress.
- Oromia Aspires to Cultivate Wheat on 607,000 Ha. of Land through Irrigation in Dry Season.
- የኢትዮጵያ ምርት ገበያ በአንድ ዓመት 48 ሺህ ቶን አኩሪ አተር አገበያየ (ECX trades 48,000 tons of soybeans in one year).
- Ethio telecom to activate 5G trials.
- Safaricom Ethiopia to launch service as per set plan.
- Ethiopian Airlines wins ‘Best African Airline’ award.
- Zambia Launches National Airways Venturing With Ethiopian Airlines.
- GreatEthiopianHomeComing: Ethiopian Offer up to 30% Discount on Fares.
- Modjo Dry Port Expansion Faces Hiccup in $25m World Bank Loan.
- ኢትዮጵያ የምትጠቀምበትን ወደብ ወደ 10 ለማሳደግ እየሠራ መሆኑን ማሪታይም ባለሥልጣን አስታወቀ (Ethiopian Maritime Authority set to increase the number of ports from six to ten).
- Berbera-Togochale road project nears completion.
- Ethiopia makes history in airfreight logistics.
- Lake Wonchi chosen as the best tourist village of 2021.
- Digital Technology in Ethiopia Promising, Africa Next Epicenter of Digitalization: Expert.
- Agency resumes loan authentication services.
- Govt expects new institutional structure to last a decade.
Financial News
- Dashen Chronicles Mixed Silver Jubilee.
- Hibret bank grosses 1.44bln br for the 2021/2020 fiscal year.
- Zemen bank surpasses projections reeling success in all-fronts.
- ዘመን ባንክ በ2013 በጀት ዓመት 127 ሚሊዮን ዶላር ለብሔራዊ ባንክ ገቢ ማድረጉን አስታወቀ (Zemen Bank dispensed $127mn forex revenue to NBE in 2020-21 FY).
- አዋሽ ባንክ ከዓለም አቀፍ የባንክ አገልግሎት ከ902 ሚሊዮን ዶላር በላይ ማግኘቱን ገለጸ (Awash Bank earned over $902mn from international banking services).
- Nyala Insurance registers 30 per cent Profit Growth.
- Lion insurance secures stepwise success.
- አንበሳ ኢንሹራንስ ከኢትዮጵያ የኢንሹራንስ ኢንዱስትሪ ገበያ1 በመቶ ድርሻ መያዙን አስታወቀ (United Insurance announces a 3.1 percent share of the Ethiopian Insurance Industry Market).
- DBE loses 900 million birr to Tigray conflict.
- Tallying up the Cost of the Four-Month Loan Freeze.
Policy and Regulatory News
Archive
- THE WEEK OF NOVEMBER 23 – NOVEMBER 30, 2021
- THE WEEK OF NOVEMBER 16 – NOVEMBER 23, 2021
- 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
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- THE WEEK OF FEBRUARY 25 – MARCH 2, 2019.