Standing Committee to Review Election Postponement Bill

May 2 , 2020


The Legal, Justice & Administration Affairs Standing Committee is set to review a bill for the postponement of the upcoming national election. The bill was directed to the standing committee with three opposing votes and seven abstentions. The decision to postpone the election was proposed by the National Electoral Board of Ethiopia in March due to the effects of the Novel Coronavirus (COVID-19) pandemic. The Board explained that the government's restrictions against public gatherings are an obstacle to its work to undertake voter registration, recruitment, and training of electoral staff as well as other pre-election preparation tasks. However, the postponement faced an intense backlash from Adhana Haile (PhD), MP-TPLF, who argued that the spread of the virus in Ethiopia had not reached the status of a pandemic and that the bill falls short by announcing the new dates.


Radar

Tech Ministry Falters as Audits Expose Mismanagement, Unmet Ambitions

The Ministry of Innovation & Technology is under scrutiny after an audit revealed lapses in project management and financial oversight. This raised questions about governance standards within a Ministry central to the country's tech-driven growth ambitions. According to the Federal Auditor General, the Ministry has completed only 11pc of its planned projects with its overall financial administration standing at 37.4pc for a year-long project that commenced in 2022. Budget mismanagement an...


Radar

Central Bank Keeps Lending Lid Tight as Inflation Squeezes Economy

The Central Bank has reaffirmed its decision to maintain an 18pc cap on credit growth, reinforcing a commitment to tighter monetary policy during persistent inflation and economic uncertainty. The National Bank of Ethiopia's (NBE) monetary policy committee cited ongoing concerns over inflation, which stood at 19.9pc year-on-year (YoY), and liquidity imbalances as reasons to uphold the restriction on lending. Bankers and analysts interpret this move as evidence of regulators' determination to...


Radar

Ethio Telecom Expands Services with DStv Streaming

Ethio telecom enters the entertainment pool with bundled DStv streaming services through high-speed broadband internet and mobile data packages. The partnership with MultiChoice Ethiopia aspires to merge the telecom's fiber broadband and mobile network with DStv's content. Subscribers can access DStv channels through mobile data or fiber broadband bundles, with discounts of up to 35pc through Telebirr or My Ethiotel (*999#) and up to 26.5pc at sales centers for fiber broadband bundles. Acc...