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Somaliland’s quest for recognition
Tuesday, January 18, 2022, marked a dash of hope for Somalilanders, but vexatious for mainland Somalia. Members of the UK parliament debated and largely supported the recognition of Somaliland’s statehood, on the same day Muse Biihi Abdi, the President of Republic of Somaliland, departed for Addis Ababa.
Somaliland’s quest for recognition
Tuesday, January 18, 2022, marked a dash of hope for Somalilanders, but vexatious for mainland Somalia. Members of the UK parliament debated and largely supported the recognition of Somaliland’s statehood, on the same day Muse Biihi Abdi, the President of Republic of Somaliland, departed for Addis Ababa.
State bank foresees a better tomorrow amid mounting quandaries
Muluneh Aboye is the Vice President for Risk and Compliance at the Commercial Bank of Ethiopia (CBE), the largest financier in Ethiopia with a dominant market share in the banking industry.
New strategy quadruples CBE’s private sector loan share
CBE eyes two trillion birr in assets
The Commercial Bank of Ethiopia (CBE) introduced a new strategy to increase the share of the private...
Oromia Mining eyes 1,600 kg of gold, 20 tons in tantalum
Oromia Mining Share Company finalized preparations to produce and export 1,600 kilogram of gold from Adola in the current fiscal year. The company is...
Ethio-sudan clash forces CBE suspend branch in Khartoum
The Commercial Bank of Ethiopia (CBE) suspended its plans to open a new branch in Khartoum, following border clashes between Sudan and Ethiopia. The...
Al-Shabab’s resurrection amidst bleak future of AMISOM
Of all Al-Shabab’s string of attacks in the past two months, including a suicide bomb attack on the spokesperson of Somalia’s government, the recent terrorist raid on Ethiopia’s base in Baidoa, bears multiple implications.
Fuel contraband forces new strategy
In a bid to reduce fuel smuggled from Ethiopia to neighboring countries, the Ethiopian government is devising a new fuel supply strategy, which mandates quota based fuel distribution to regional states. Regional states have already embarked on studying the number of residents and fuel demands in each city and towns in their respective regions.
World Bank forecasts war economy to heal in 2022, but challenges abound
The World Bank (WB) projected Ethiopia’s economic growth for 2022 to reach 4.3 percent. It is an optimist projection made based on assumption that the soar in price commodities in the global market would help economies like Ethiopia to register a better growth this year.
Sugar production drops as conflict spills-over
Output of local sugar factories has dwindled following continuous conflict in surrounding areas where the factories are located.
