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Millions of Ethiopians continue to suffer from a humanitarian crisis as aid agencies halt food aid distribution amid charges of diversion. Aid from major agencies, including the United States Agency for International Development and the United Nations' World Food Programme, has been suspended since June, leaving many without options.
Concerns about academic integrity in Ethiopia's booming distance learning programs have prompted a nationwide audit by the Ministry of Education. Officials are inspecting credentials and programs to ensure distance degrees deliver a quality education, not just a rubber stamp.
Ethiopian exporters are left displeased with officials over the forex retention rule earned from exports, arguing the rule is discouraging exports and causing losses. Officials say the measure is temporary and will be revised as the situation improves.
After posting its best results yet, state giant ethio telecom is launching an ambitious growth push just as sweeping reforms loom, including partial privatization...
The Ethiopian government has issued clarifications specifying that imported and locally sold electric vehicles are exempt from value-added taxes in an attempt to remedy confusion among dealers.
The two-year war in northern Ethiopia resulted in approximately 100,200 deaths before an African Union-brokered ceasefire was reached in November 2021, a new report reveals. In comparison, the Ukraine-Russia war that began in February led to 81,500 deaths, the same source added.
While not opposing Ethiopia's economic reforms, PACCI Executive Director Kebour Ghenna believes the country's privatization push lacks strategic focus, implementation of economic changes has been limited, and Ethiopia lacks the productive capacity to leverage the benefits of the African Continental Free Trade Agreement.
Ethiopia is launching a new deposit insurance fund with one billion birr capital. Financial institutions will contribute 0.3 percent of deposits as annual premiums. The fund aims to collect over five billion birr in premiums this year. However, banks argue they already guarantee depositors without needing deposit insurance. The fund CEO says future risks exist with growing competition.
The Ethiopian Chamber of Commerce is launching an Amharic e-learning course on the African Continental Free Trade Area to boost awareness among local businesses. Officials say most Ethiopian firms lack knowledge on how to seize opportunities from tariff-free trade under the world's largest free trade zone.