Crunch time: Ethiopia’s forex predicament
If there is one characteristic that defines the incumbent EPRDF in the past two decades it would be its near-obsession resolve to bring about rapid economic growth and development in Ethiopia.
Tourist tax levy looms, hoteliers’ air frustration
The rebranded Tourism Ethiopia is set to establish a tourism fund, an institution financed from various sources including an upcoming tourist tax system.
Startup Ethiopia secures commitments from gov’t, investors
Launching blueMoon, a youth agribusiness startup incubation platform two years ago, the economist turned entrepreneur, Eleni Gabre-Madhin (PhD) has organized her debut event “Startup Ethiopia” which has attracted some 3,000 visitors last week, and managed to secured commitments both from the government and investors alike.
Rolling blackout pinches cement industry
The power rationing program that started in April is thwarting the productivity of the cement industry.
The local cement manufacturing industry, which has been facing a myriad of challenges, has been hard hit by the power shedding program the state power monopoly, Ethiopian Electric and the Ministry of Water and Energy recently introduced.
Venture capital policy on the horizon
Cognizant of the need to promote private investment in Ethiopia and to assist in the government’s effort in job creation, the Government of Ethiopia (GoE) is preparing a policy that enables the setting up of a local venture capital fund in the country.
Gov’t plans to alleviate forex crunch
The Government of Ethiopia (GoE) is preparing a three-year financial program to overcome the country’s daunting financial challenges, Eyob Tekalign (PhD), State Minister of Finance, said at the fifth Annual Private Equity in East Africa Conference held at Sheraton Addis Hotel on June 13, 2019.
Economic reform targets five key areas
The recent economic reform agenda led by Prime Minister Abiy Ahmed’s (PhD) administration is focused on addressing five key areas, The Reporter has learnt.
Chinese firm unveils solar technologies
A Chinese firm, Shenzhen Lemi Technology, has unveiled various solar technologies that it plans to supply to the Ethiopian market.
The Huawei debacle
Who thought that US President Donald Trump’s vow to bring balance to the “unfair” trade deals with China would eventually reach into the pockets of an African carrying one of Huawei’s smartphone?
Gov’t invites 12 int’l companies to bid in energy sector
In taking the privatization process further, the Ethiopian government has officially extended an offer to at least 12 global companies to submit financial and technical proposals in order to engage in the power production and operations.
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