Eight-month exports fetch USD 1.8 bln
The Ministry of Trade and Industry reported the eight months export performance of the country, stating it has fetched USD 1.8 billion, half a billion lower than its target.
COVID-19 projected to slash Ethiopia’s GDP by USD 1.2 bln
The economic impacts of the COVID-19 pandemic in Ethiopia – in regards to the airline industry and allied businesses – could cost the country some USD 1.2 billion in GDP and affect more than 323,000 jobs, a global airline body disclosed.
Directive allows businesses venture into E-payment
The National Bank of Ethiopia (NBE) issued a directive allowing businesses to engage in the electronic payment systems that would extend to various services.
Hoteliers, tour operators seek government’s assistance to stay afloat
Hotel owners and tour operators are seeking government assistance to withstand the severe impacts of the COVID-19 outbreak which brought the hospitality industry to a standstill.
Ethiopia’s first ‘Cup of Excellence’ competition moves to US
The eagerly awaited “Cup of Excellence”, a coffee quality competition, which was scheduled to be held in Ethiopia for the first time, has been canceled and shifted to the US due to the COVID-19 pandemic, The Reporter has learnt.
"These are uncertain times"
There is confusion, stress and a rush to catch up to what has become a world phenomena.
Ethiopian suspends services at local ticket offices
As part of COVID-19 containment strategy, Ethiopian will temporarily close all its ticket offices in Ethiopia effective 30, March 2020.
Gomeju Oil to build aviation depot
One of the thriving indigenous oil distribution companies, Gomeju Oil Ethiopia, is to join the aviation fuel market by building a jet fuel depot at the Addis Ababa Bole International Airport at a cost of 200 million birr.
Africa needs USD 100 bln emergency economic stimulus to address COVID-19 crisis
The Economic Commission for Africa (ECA) disclosed that African states need an immediate emergency economic stimulus to the tune of USD 100 billion to address the impacts of the COVID-19 crisis.
7,000 businesses shuttered for price gauging, hoarding
The Ministry of Trade and Industry said some 7,000 businesses have been shut-down. The businesses were found to be hoarding goods, mostly hygienic and sanitary products, and inflating prices on the back of the coronavirus outbreak.
CORONA VIRUS UPDATES
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