Ethio Telecom Splits Network Infrastructure in Five

Ethiopia to Introduce Inflation-Adjusted Interest Rate Regime

Ethiopia to Introduce Inflation-Adjusted Interest Rate Regime

The National Bank of Ethiopia (NBE) will introduce a new policy that establishes a benchmark for lending and deposit interest rates that reflects the real value of money based...

Arena Shies Away from Tigray Regional Election

Arena Shies Away from Tigray Regional Election

August 1 , 2020 . By MEHRET OKUBAY

While five political parties including the ruling Tigray People's Liberation Front (TPLF) registered for the upcoming regional election, Arena Tigray for Democracy & Sover...

Ethiopia, Finland Extend COWASH to Build COVID-19 Preparedness

Ethiopia, Finland Extend COWASH to Build COVID-19 Preparedness

August 1 , 2020 . By BEMENET WONDEWOSSEN

The expired third round of the Community-Led Accelerated Water, Sanitation & Hygiene Project (COWASH) has been extended for an additional six months to improve Novel Coron...

Institute Set to Launch First Microalgae Lab

Institute Set to Launch First Microalgae Lab

August 1 , 2020 . By SEBLE WONDEMAGEGN

The first ever laboratory for producing microalgae seeds in Ethiopia is nearly ready to begin operations. Run by the Ethiopian Biotechnology Institute, the microalgae research lab will produce food...

The first ever laboratory for producing microalgae seeds in Ethiopia i...

Two-thirds of Nation's Truck Scales out of Operation

Two-thirds of Nation's Truck Scales out of Operation

August 1 , 2020 . By HAGOS GEBREAMLAK

Due to damage caused by power interruptions, two-thirds of the digital truck scales in the country are out of service and cannot monitor overloaded vehicles entering and leaving the country. The Et...

Due to damage caused by power interruptions, two-thirds of the digital...

Agency Drafts Standards to Raise Export Quality

Agency Drafts Standards to Raise Export Quality

August 1 , 2020 . By HAGOS GEBREAMLAK

The government has started preparing mandatory and voluntary standards for major exportable commodities in the hope of making them competitive in the global market. The Ethiopian Standards Agency ...

The government has started preparing mandatory and voluntary standards...

BUCKING THE TREND

BUCKING THE TREND

July 25 , 2020 . By MAYA MISIKIR 

The performance of goods exports bucked the trend of Ethiopia’s macroeconomic situation in the past fiscal year, rising to a little over three billion dollars after increasing by 13.6pc. Considering...

The performance of goods exports bucked the trend of Ethiopia’s macr...

Central Bank Introduces Deposit Protection Fund

Central Bank Introduces Deposit Protection Fund

July 25 , 2020 . By GELILA SAMUEL

The federal government is set to establish an agency that will amass funds to be used as insurance payouts for depositors in times of financial crisis. Drafted by the National Bank of Ethiopia (NBE...

The federal government is set to establish an agency that will amass f...