ATA Adds Advisories for Farmers' Hotline

Jan 3 , 2021


The Agricultural Transformation Agency (ATA) has incorporated new livestock and Novel Coronavirus (COVID-19) related advisory information on its farmers' hotline. The content, available in Amharic, Afaan Oromo, Tigrigna, Wolaytigna and Sidamigna, provides smallholder livestock producers with information and updates on improved production and management practices, and COVID-19 prevention mechanisms. The toll-free hotline was organised in collaboration with the Ministry of Agriculture, the Ethiopian Public Health Institute and Ethio telecom. It features dairy farming, beekeeping, poultry, and fattening of cattle as its major livestock categories. The hotline was launched in 2014 following a five-month pilot testing period conducted in 21 weredas of Oromia, Amhara, Southern Nations, Nationalities, and People's and Tigray regional states. Approximately 46.5 million calls have been received from smallholder farmers since its start. It had been disseminating information mainly on 21 crop types and a wide range of agricultural activities with a content length of up to five minutes.


Radar

Electricity Bills Get the VAT Jolt

The new Value Added Tax (VAT) has begun implementation on electricity consumption and various service fees affecting customers who use more than 200 kilowatt hours of electricity per month. Based on a directive from the Ministry of Finance, the tax will be applied to the excess amount of electricity consumption above 200 kilowatt hours. The Ethiopian Electric Utility (EEU) began implementing the VAT on bills starting from November though both prepaid and postpaid customers will have to pay V...


Radar

Gadaa Bank Expands Reach, Faces Lending Constraints

Gadaa Bank closed its first full fiscal year of operations with a net profit of 90.2 million Br. The 18-month-old Bank held its annual general assembly at Millenium Hall on Africa Avenue last week where the board announced that during the year, the Bank opened 15 branches and now has 85 operational branches. “Due to recently enacted policy measures on credit by NBE and unmet resource mobilization during the fiscal year, the Bank was unable to make loan disbursements,” stated Wolde...


Radar

Oromia Bank's Branch Expansion Weighs on Profits

Oromia Bank reported a 47pc decline in net profit to take in 840.9 million Br for the past fiscal year. Interest income grew by 21pc to reach 7.19 billion Br while personnel expense grew by 36pc to hit 3.16 billion Br. The opening of 72 new branches, bringing the total to 575, led to a four percent growth of deposits to 56.4 billion Br. The profits are “unsatisfactory against our ambitious moves,” said Assefa Seme (PhD), board chairperson. “The deviation is primarily attributed to our aggr...