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As the war resumes, Ethiopia braces for a drop in forex inflow
Officials at the Ministry of Finance (MoF) buckle up as the federal government faces external pressure following resumption of the war in northern Ethiopia.
The...
Health professionals band together for new housing scheme
An association of 10,000 Ethiopian healthcare professionals is vying for a low-cost housing program. The association has reached an agreement with Dashen Bank and...
Afrexim bank guarantees import of Sinotrucks worth USD 63 mln
745 trucks will arrive by mid-September
Afrexim Bank is guaranteeing the import of 745 trucks payable by four local banks on behalf of Ethiopian transport...
Authority considers lobby team to re-engage donors, international community
The Authority for Civil Society Organizations (CSO) is preparing to form a lobbying working group comprised of the Ministries of Finance and Justice in...
Ethiopia adopts new policy to liberalize banking sector
The Council of Ministers approved a new policy that will open up the banking industry for foreign competition.
The banking industry has been closed to...
Ministry rejects financing of three new industrial parks
Ahmed Shide, Minister of Finance, humbly rejected an industrial park development plan presented by the Industrial Parks Development Corporation (IPDC). Aysha, Asosa, and Bishoftu...
Studies to establish Investment, Agricultural banks afoot
Two working groups formed at i-Capital Institute are undertaking feasibility study to establish an investment and an agricultural development bank in Ethiopia. The agricultural...
Ethiopia files complaint against WHO Director
Ethiopia's Permanent Mission in Geneva is requesting the United Nations to launch an impartial investigation into what Ethiopian officials have described as "misconduct" by...
Corporation reimburses record high insurance claims
Aviation calamity costs EIC 3.8 billion birr
The Ethiopian Insurance Corporation (EIC) settled 5.4 billion birr in insurance claims during the just ended 2021/2 Ethiopian...
LAMC earmarks 176.3 billion birr for debt payment
The Liability and Asset Management Company (LAMC) is allocating 176.3 billion birr to pay for debts in the 2022/23 fiscal year. Almost all of...
