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Dec 29 , 2022

The Year in Rear Sight

January Liquidity Crunch Casts Menacing Shadow Over Banking Industry The financial market is nervous, central bank authorities are relaxed, and industry executives remain sanguine over their prospects. Nonetheless, Ethiopia's banks are heading to a liquidity crunch due to sluggish deposit mobi...

Sep 10 , 2022

The Year's Biggest Stories

September Central Bank Eases Loan Freeze on Importers and Manufacturers Central bank regulators' decision to loosen restrictions on collateralized loans was the most-read article of September 2021. Central bank Governor Yinager Dessie (PhD) introduced a blanket freeze on collateralized loans the previous month, citing "economic sabotage." Regulators moved to exempt importers and edible oil producers from the freeze a few weeks later. The coffee industry and petroleum suppliers were granted exemption shortly afterwards. The freeze was eventually lifted completely in November that year...


Jan 4 , 2022

A Year of Colossal Headlines

August Central Bank Orders Banks Freeze Loans The decision by the central bank to suspend all collateral-based loans in August 2021 was the most-read story of the year. The National Bank of Ethiopia (NBE) order to the senior executives of commercial banks was an unexpected measure communicated to them through text messages. The suspension included the disbursement of loans that had already been approved. The text messages did not specify how long the suspension was to last. Neither were officials at the central bank forthcoming to explain the rationale behind their abrupt measure. Acc...


Sep 10 , 2021

YEAR IN REVIEW TIGRAY

SEPTEMBER Tigray Holds Regional Elections On September 9, 2020, Tigray Regional State, home to almost six million people, goes ahead with parliamentary elections, just a week after the upper house declared the election “null and void," asserting that the poll was unconstitutional. A week later, the newly formed Regional Electoral Commission declares Tigray People's Liberation Front (TPLF) the winner with 98.2pc of the vote for the regional parliament. The new regional council elected Debretsion Gebremichael (PhD) as president. OCTOBER Federal Gov't Cuts Ties with New Regional Cou...





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