Ethiopia Forms Economic Advisors Council

December 19 , 2020


Ethiopia Forms Economic Advisors Council

The administration of Prime Minister Abiy Ahmed has formed a 16-member Independent National Council of Economic Advisors who will be advising the government on economic matters. The Council consists of Eleni Gabre-Madhin, former CEO of the Ethiopian Commodity Exchange; Alemayehu Geda, a renowned economist; Alula Pankhurst, development scholar and son of the historian Richard Pankhurst, and Lemma Wolde-Senbet, an academic with vast experience in finance. The Office of the Prime Minister issued an invitation to willing professionals to submit their names for consideration a year ago, citing the successful implementation and continuity of the ongoing economic reforms and the promotion of inclusive economic development as its main reasons for establishing an independent council. Around 290 candidates answered the call and, after a thorough three-step screening process, 16 of them were selected to make up the country's first-ever independent Economic Council. The Council is expected to be a regular source of independent, objective and evidence-based advice to the government regarding economic policy.  "The Council would enable the comprehension of the complex social issues and poverty facing the country and the exploration of favourable economic policies," reads a statement from the Office of the Prime Minister.


Radar

Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...


Radar

Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...


Radar

TAGGED

Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...