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“The current situation is making us question everything”
Eyob Tekalign (PhD), State Minister of Finance The past three years have been quite turbulent for Ethiopian politics and economy. The COVID-19 pandemic and locust...
Redstar saves BMET Cables from foreclosure
BMET cables, a Turkish factory which has been listed in the Development Bank of Ethiopia’s (DBE) Non Performing Loans (NPL), shook off its long overdue loans and is currently being transferred to a new owner, The Reporter learnt.
Govt expects new institutional structure to last a decade
The new institutional structure revealed following PM Abiy’s new cabinet back in early October is designed to last at least for the next ten years, The Reporter learnt.
DBE loses 900 million birr to Tigray conflict
The Development Bank of Ethiopia (DBE) failed to recover 900 million birr in loans it provided to projects in Tigray as a result of the yearlong conflict in the region. Consequently, the bank has declared them Non-Performing Loans (NPL).
Addressing obstacles to E-Commerce in Ethiopia
The need for cash notes and physical presence at market places has gone down significantly, especially since COVID-19. Online orders and payment, digital transaction, home delivery businesses, and even digital health services, e-learning and e-governance have become the buzz words as the pandemic has disturbed the natural course of economic activities.
Counting agricultural costs of the war
Isayas Lemma is Crop Development Director at the Ministry of Agriculture (MoA). Recently, a new field assessment landed on his table.
Ethiopia edges closer to multiplying GMO Cotton seeds
In a bid to bypass the foreign currency shortage that forced halt the import of Bt Cotton seeds, the Indian based JK Agri Genetics Ltd. is negotiating to bring its patent and multiply Genetically Modified Organism (GMO) seeds in Ethiopia.
Government seeks to privatize agricultural extension program
The Ministry of Agriculture (MoA) is finalizing legal frameworks that enable private companies provide agricultural extension programs, The Reporter learnt. The move would effectively end government monopoly of the service.
Beyond Debt Restructuring
Over the years, external loan has been the low hanging fruit for the government of Ethiopia to bridge the wide gap between exponentially growing investment needs and meager domestic resource mobilization. Behind most of Ethiopia’s major public projects are financiers waiting for a return of their loans.
Tracking Ethiopia’s baby steps in financial technology
Yillebes Addis is the CEO of EthSwitch. His knowledge of financial technologies coupled with management skills make him suited for developing countries like Ethiopia, where e-commerce is taking baby steps. During his maiden year at the helm, which was three years ago, EthSwitch recorded profit for the first time after covering losses for years.
