Wednesday, January 25, 2023

Tag: News

Gov’t seeks options to replace revolving fund for youth

Officials at the Ministry of Labor and Skill (MoLS) will meet executives of commercial banks to discuss possible options to replace the revolving youth fund, which was aborted after causing a financial distress for microfinance institutions.

Ethio-sudan clash forces CBE suspend branch in Khartoum

The Commercial Bank of Ethiopia (CBE) suspended its plans to open a new branch in Khartoum, following border clashes between Sudan and Ethiopia. The...

Expansion of National Theatre recommences with new contractor

It is expected to consume over 1.6 billion Birr The expansion project of the Ethiopian National Theatre will recommence soon, almost a year after the...

Ethiopia’s defense budget quadruples

The Parliament approved an additional budget of 90 billion birr defense budget for the coming six months, more than four times higher than the original budget approved for the whole year in June 2021.

War forces government to procure 3200 trucks to fill gap in logistics

The government of Ethiopia is forced to procure an additional 3200 trucks to ease port congestion and minimize demurrage costs of its logistics operation, which is partly precipitated by the war in the north, a situation led to the commandeering of over a thousand aid trucks by the Tigray People’s Liberation Front (TPLF).

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Liquidity shortage returns, new loan applications halt

Banks have been compelled to halt considering new loan...

Fixing Addis light rail may cost at least $60 million

Lack of spare components has idled 23 trains About USD...

Cash shortage forces Tigray banks to limit withdrawals

Reopened branches of banks in Tigray introduce a withdrawal...

Tigray needs technocratic interim gov’t now

On Monday, December 19, 2022, a document specifying terms...

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