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Aug 1 , 2020

Ministry to Form New Entity to Absorb Residual Debts

The Ministry of Finance is in the  process of establishing a new entity to absorb state-owned enterprises' residual debt owed both to the Commercial Bank of Ethiopia (CBE) and external lenders, guara...

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 on inflation. Drafted...

Aug 1 , 2020

Central Bank Relaxes Cash Withdrawal Limit

The National Bank of Ethiopia (NBE) has fully removed the cash withdrawal limit rule for government institutions, refugee and disaster management agencies, defence and security bodies, and charity org...

Aug 1 , 2020

Ethio Telecom Splits Network Infrastructure in Five

Bracing itself to remain competitive after the liberalisation of the telecom sector, Ethio telecom has split its network infrastructure department into five divisions for service efficiency. The co...

Aug 1 , 2020

Arena Shies Away from Tigray Regional Election

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

Aug 1 , 2020

Ethiopia, Finland Extend COWASH to Build COVID-19 Preparedness

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 Coronavirus (COVID-19) emergen...

Aug 1 , 2020

Institute Set to Launch First Microalgae Lab

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...

Aug 1 , 2020

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

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...

Aug 1 , 2020

Agency Drafts Standards to Raise Export Quality

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 ...

Jul 25 , 2020

BUCKING THE TREND

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 t...

Jul 25 , 2020

Central Bank Introduces Deposit Protection Fund

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...

Jul 25 , 2020

Commission Obliges Import-Export Permit Issuance via E-Service

The new procedure that obliges traders in the import-export business to secure permits via the celebrated Ethiopian Electronic Single Window Service (eSW) is now fully operational. The portal, whic...

Jul 25 , 2020

Bole Lemi Industrial Park Sees Increases in COVID-19 Cases

Bole Lemi Industrial Park, the first park developed by the Industrial Parks Development Corporation, has seen a spike in confirmed Novel Coronavirus (COVID-19) cases last week. The Park, which has...

Jul 25 , 2020

Five Companies Vie to Supply Retendered Wheat

Five companies are vying to supply four million quintals of wheat that was retendered after the contract awarded to two companies two months ago was terminated due to price variations. Four interna...

Jul 25 , 2020

Bill Operationalises Long-awaited Warehouse Receipt System

A bill proposes the formation of a regulatory body that will oversee the implementation of a warehouse receipt system that facilitates credit for farmers depositing storable goods in exchange for...

Jul 25 , 2020

Teff Disruption Pushes Tigray State Switch to Sorghum

Due to the supply disruption and price hike of teff, Tigray Regional State is considering increasing the production and consumption of sorghum in the Regional State. The Regional State's Agricultur...


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