Friday, June 21, 2024

Author Name

Misganaw Fentaw

Total Articles by the Author


Plastic manufacturers seek forex reallocation from importers

Businesses involved in the manufacturing of plastic bottles want the central bank to reallocate forex allotted to companies that import raw materials for their...

Ethiopia: Economists warn fallout from Russia-Ukraine war

Ethiopia gets five percent of its imports, including crude edible oil, from the duo The war also cast shadow on the construction industry, coffee exports As...

Contractors in hot water as price of construction materials doubles

The price corrugated iron almost doubled in two weeks Contractors are in trouble with the doubling of construction materials that has triggered delays of projects...

Traceability prevents meat exporters from reaching Europe, North American markets

Lack of traceability has prevented abattoirs involved in the export of meat from shipping to European and Chinese markets.

Central bank rejects hotels loan extension requests

Officials at the National Bank of Ethiopia (NBE) rejected the pleas of hospitality establishments to extend the loans borrowed from commercial banks in the aftermath of the coronavirus pandemic.

Tankers with 155,000 liters of fuel waiting for green light at Semera: UN

Four tankers carrying more than 155,000 liters of fuel are still awaiting approval in Semera, Afar Regional State, UN OCHA says.

Egypt deports Eritrean asylum seekers

The government of Egypt has deported 24 Eritrean asylum seekers, including children, without assessing their claims and other protection needs, a decision denounced by the Human Rights Watch.

Political insurance mandatory to access loans on moveable assets

Borrowers are now required to present their Political Violence and Terrorism Insurance Policy, also known as PVT, to access loans from some commercial banks if their collateral is a moveable asset.

Hotels show signs of life, rebound from pandemic lows

As the number of hotel guests continues to rebound, the hospitality industry has started to show signs of life with the long-awaited recovery around the corner, following the launch of the Diaspora Homecoming Initiative.