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Central bank vice governor downplays liquidity shortage concerns
- Industry insiders question official stance on cash shortage The Vice Governor of the National Bank of Ethiopia, Solomon Desta, has downplayed concerns over a...
Corporation in talks to assembly Czech tractors locally
One of the subsidiaries of the newly formed Ethiopian Investment Holdings is considering setting up a factory that would roll out tractor assembly line. The...
Ethiopia’s porous borders fuel illegal camel trade, costs billions in lost export revenue
Camel caravans are illegally carrying away Ethiopia's economic fortunes, costing the nation billions in lost export revenues. As droughts shrink herds, thousands of camels...
Underfunded warning system fails to mitigate drought devastation
Ethiopia is being severely impacted by the lack of an effective early warning system, exacerbating the devastation caused by the droughts and floods afflicting...
Inadequate credit leaves manufacturers disappointed, minister blames lenders
In nine months, only 3.3 billion birr have been made available Ethiopia's underfunded industrial sector is facing a setback since commercial banks have failed to...
Lack of forex to import fertilizer threatens agricultural output
Fertilizer procurement for the following year faces hurdles as acute forex shortages cause the Ministry of Agriculture to experience delays in the opening of...
Go digital or no procurement next year: authority warns federal agencies
Cabinet approves draft proclamation to automate public procurement All federal institutions will be authorized to make purchases only through the use of electronic means beginning...
Security concerns cripple sesame trade
Unresolved security concerns have resulted in a drop in the volume of sesame traded at the Ethiopian Commodity Exchange (ECX), according to its executives....
Drop in global coffee prices forced Ethiopia to default on $133 million contracts
Nation loses 133 million in export proceeds Ethiopian coffee exporters have defaulted on 394 coffee export contracts since October 2022. The exporters say they have no...
Ethio telecom says 370 telecom transmission stations inoperable
About 370 telecommunication base transmission stations (BTS) are still inoperable as a result of damages sustained during the two-year war in northern Ethiopia and...
