A severe financial stranglehold has been imposed on the banking industry, undermining businesses due to a loan cap policy imposed by the central bank to control inflation. While reducing inflation to 28pc by the end of 2023, the monetary tightening...
Apr 13 , 2024
In an unprecedented move, the central bank has published its inaugural stress test report, uncovering potential fault lines within the financial sector that could pose systemic risks to the country's...
Apr 13 , 2024
In a bold departure from its historical position on foreign investment, the federal government has opened the doors of the trade sectors, including export, import, wholesale, and retail, to foreign na...
Apr 13 , 2024
In a period marked by industry expansion and ambitious regulation in the financial sector, Ahadu Bank, among the industry's latest entrants, has embarked on a course characterised by transformative po...
Apr 13 , 2024
In the aftermath of a scathing performance audit, Ethiopian Electric Power (EEP) finds itself thrust...
Apr 13 , 2024
The recent decision by the United Kingdom to suspend tariffs on fresh-cut flower imports has breathe...
Apr 13 , 2024
Established in 2019, East Africa Plastic Centre operates at a 30pc capacity due to a lack of working capital. Its managers' application for a loan of 100 million Br submitted five months ago remains unapproved by all the banks they approached. Der...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo), a chilly reception awaited Gebremesqel Chala, the minister of Trade & Regional Integration (MoTRI). Trusted by the administration to lead crucial negotiations w...
Apr 13 , 2024
With a background in cybersecurity, CEO Charly Bahaous is from Israel and relocated to South Africa in 2006. Under his watch, Touchnet has grown to encompass over 300 employees across various sub-sectors. The Company's portfolio includes a fibre management and construction business, cybersecurity...
Jan 27 , 2024
The number of borrowers registered in the credit reference system database under the National Bank of Ethiopia (NBE). This number saw a wobbling jump of 1,992pc in 2023 after microfinance institutions were incorporated into the database.
Apr 13 , 2024
Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the media, showcasing what polling stations will look like during the upcoming national elections; and they took the...
Oct 3 , 2020
Korir Sing'oei, Kenya's principal secretary for foreign affairs, told Reuters last week that his country has proposed a treaty for regional maritime access for landlocked countries, hoping to defuse tension between Ethiopia and Somalia. According to him, IGAD and Djibouti are on board with this proposal.
A literary marvel crafted over four centuries ago has whisked me away into the fantastical realm of a noble hero last week. The character, Don Quixote, draws inspiration from the countless...
Apr 13 , 2024
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