Research Institute Kicks Off Barley Breeding Programme

Mar 19 , 2022

The Ethiopian Institute of Agricultural Research has launched a barley breeding programme in hopes of introducing new, high-quality raw barley for malt and beer production. The 950,000 euro programme is being carried out with support from three malthouses – Assela Malt Factory Plc, Boortmalt Ethiopia Plc, and Gondar Malt Factory Plc – as well as the German Corporation for International Cooperation (GIZ). The project looks to address insufficiencies in fulfilling brewing industry standards and benefit nearly 40,000 barley-producing farming households. The Institute plans to breed new barley seed varieties at its laboratories and distribute them to farmers. If the project proves successful, the seeds will be provided to seed producers.


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...