Forum to Advise on Construction Permits

Feb 6 , 2021

A public-private advisory forum on construction permit reform for the Addis Abeba City Administration was launched earlier last week. It is comprised of individuals from professional associations such as the Ethiopian Civil Engineers Association, the Ethiopian Construction Builders Association and other players from the construction industry. The forum consists of 25 members and is chaired by Helawi Sewnet, director-general of Addis Abeba Infrastructure Integration, Construction Permit & Control Authority and Amanuel Teshome, president of the Association of Ethiopian Architects. This initiative is a critical first step in forging a public-private collaborative engagement to streamline the building permit process and reduce the pain points of its members in their respective architecture practices, according to Amanuel. The current forum will be effective for a year and is expected to put forth advisory solutions to curb issues in the provision of building permits in the capital.


Abyssinia Bank Taps to Digital Loan Solution

The Bank of Abyssinia (BoA) is moving forward to provide banking solutions facilitating microloans. The Bank has hired an Indian-based tech vendor Newgen Software Company, that bagged the international bid on December 22, 2022. Over 10 companies have shown interest in the bid floated by the bank four months ago. The solution provider has committed to completing the project in six months with Yonas Daniel, regional manager for Newgen, and Menbereselassie Gebrekidan, procurement director at Aby...



Bank of Abyssinia rolls out banking services on a truck around Meskel square in the capital. With less than half of Ethiopian adults having access to bank accounts, financial inclusion is a major issue. The central bank revealed in August 2022 that 8,944 commercial bank branches exist in the country. The 30 commercial banks currently in operation offer credit services to less than 400,000 customers charging an average of 17pc interest on asset-backed loans...



Left) Elias Woldu and Mesnbet Shinkute sign a Memorandum of Understanding on behalf of the Ethio-American and Addis Abeba Chamber of Commerce & Sectoral Association, respectively. Some estimates put the number of Ethiopian diaspora living abroad at over two million people, larger than the population of several small nations. Continued economic and political deprivation has forced many to leave the country for better opportunities. While migration to other countries is still high, the number...