Friday, January 27, 2023

Tag: News

Political insurance mandatory to access loans on moveable assets

Borrowers are now required to present their Political Violence and Terrorism Insurance Policy, also known as PVT, to access loans from some commercial banks if their collateral is a moveable asset.

Gambella region demands military interventions from the federal government

Unable to control repeated attacks by militant groups from South Sudan, the Gambella regional state requested for military support from the federal government and the Ethiopian National Defense Force (ENDF).

Hotels show signs of life, rebound from pandemic lows

As the number of hotel guests continues to rebound, the hospitality industry has started to show signs of life with the long-awaited recovery around the corner, following the launch of the Diaspora Homecoming Initiative.  

Sugar production drops as conflict spills-over

Output of local sugar factories has dwindled following continuous conflict in surrounding areas where the factories are located.

Benishangul parties trade accusations of destabilizing the region

The Benishangul People’s Liberation Movement (BPLM) blames the region’s prosperity party for providing support to armed groups based in the neighboring Sudan.


Spike in local sesame price infuriates exporters

A quintal of sesame now costs 11,000 birr The...

US demands human right investigation to reinstate AGOA privilege

The US urged the Ethiopian government to permit international...

Can further devaluation clear market distortion?

Last week, prior to traveling to the United States...

Fixing Addis light rail may cost at least $60 million

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