Ashenafi Endale

Ethiopia could lose up to 26 billion birr annually by putting into operation the African Continental Free Trade Area (AfCFTA), according to a document from the Ministry of Trade and Regional Integration. This includes Sur tax, withholding, excise, and VAT tax revenues generated from imports from African countries, which will be tariff free under the AfCFTA.

The Commercial Bank of Ethiopia (CBE) notified the tenants of Edna Malla new deadline for eviction. The bank’s letter dated December 7, 2021 notified tenants to evacuate within a month’s time.

There is no doubt that plenty of economies have repurposed conflict and used war drums as a phenomenal development catalyst. The Second World War turned the US economy into a global industrial powerhouse.

There is a huge rise in threats against journalists from state and non-state political actors over the past three years, a new report showed. This was fueled by the explosion in political polarization over social media, the crisis of the conflict in Tigray, COVID-19, and the ethnicization of the media itself, according to Ethiopia Safety of Journalists (SoJ).

The former NBE vice Governor and Chief Economist, Yohannes Ayalew (PhD), flipped sides to become a bank President after a zealous service at the central bank for over 25 years. When he was assigned as President for the Development Bank of Ethiopia (DBE) in September 2020, just a month before an expansive war broke-out in the northern part of Ethiopia, DBE’s NPL was 20 percent above the minimum threshold of 15 percent allowed for policy banks.

A conglomerate dubbed ‘Government Holding Company (GHC)’ is under-formation; it is going to be an umbrella company which will be a hub for all State Owned Enterprises (SOEs) that are currently being overseen by the Public Enterprises Holding and Administration Agency (PEHAA). The holding company will be administered by a Board to be established.  

The Ministry of Education (MoE) finalized the revision of the existing education curriculum for grade one to grade twelve. The new curriculum will be tested in 589 primary schools and 98 secondary schools this year, except in Tigray regional state and full implementation of the new curriculum is set to commence by next year (2015 E.C).

Eyob Tekalign (PhD), State Minister of Finance The past three years have been quite turbulent for Ethiopian politics and economy. The COVID-19 pandemic and locust...

BMET cables, a Turkish factory which has been listed in the Development Bank of Ethiopia’s (DBE) Non Performing Loans (NPL), shook off its long overdue loans and is currently being transferred to a new owner, The Reporter learnt.

The new institutional structure revealed following PM Abiy’s new cabinet back in early October is designed to last at least for the next ten years, The Reporter learnt.