The Ministry of Finance reported that two public institutions failed to service loans in the first quarter of this fiscal year. In its report to parliament, the Ministry mentioned the Addis Abeba Water & Sewerage Authority (AAWSA) and the former Ethiopian Airports Enterprise have failed to pay back their loans. In the reported period, the Ministry expected that all of the state-owned enterprises would service 245 million Br in debt. However, only 62 million Br was paid by enterprises, 25pc of the target. Ethiopia currently has an overall external debt of 27 billion dollars, out of which it was able to service more than 9.4 billion Br in the last fiscal year. State-owned enterprises owe 11.2 billion dollars in the external debt burden, while the federal government owes the remaining.
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 20 , 2021
Leaders of the warring parties in Ethiopia`s year-old militarised conflict may think...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
November 6 , 2021
Prime Minister Abiy Ahmed (PhD) stood to attention last week and saluted the high mil...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
August 28 , 2021 . By HAWI DADHI
The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
