Holiday economics: Is holiday spending good or bad to the economy?

BY MISGANAW ASNAKE  Due to religious and cultural factors, Ethiopians has a strong habit of spending big during holidays. It is a custom that Ethiopian households spend a significant portion of their... Read more »

Reviving Ethiopia’s struggling leather industries

BY ABEBE WOLDEGIORGIS The second Growth and Transformation Plan targeted that by the end of the plan, Ethiopia would earn one billion USD from the leather and leather products export. But due... Read more »

In Ethiopia, Vodafone secures up to $500m in loans amid pandemic

In early January the US International Development Finance Corporation (DFC) gave the green light for a loan to support Vodafone in its bid to acquire a telecoms licence, though the timetable for... Read more »

Diversifying export earners via horticulture sector competitiveness

BY MUSSA MUHAMMED The higher management of the Ministry of Agriculture and other stakeholders recently held discussion on options of expanding the horticulture investment and the national project of boosting avocado production... Read more »

Sidama State aspires to create favorable investment environment

BY HEZKEL HAILU Ethiopia is undergoing major reforms, especially in the economic sector that aims to improve the participation of the private sector. One of the goals of the reform is to... Read more »

Paving the way for MICE to prop up economy

BY MISGANAW ASNAKE  The Meetings, Incentives, Conferences and Exhibitions (MICE) sector is becoming an important contributor to countries’ economies in terms of foreign exchange, trade and hotel and tourism sector growth. For... Read more »

Utilizing opportunities, overcoming challenges to encourage small and medium scale industries

BY ABEBE WOLDEGIORGIS The government in its poverty reduction scheme emphasizes on broadening job-creating opportunities and eyes on the manufacturing sector to take the lion’s share of the economy. So far, hundreds... Read more »

Introducing capital market: What is at stake?

 BY ABEBE WOLDEGIORGIS Weeks ago, the Council of Ministers sent the draft law regarding the establishment of capital market to the House of Peoples Representative for debate and to be ratified. Some... Read more »

Safeguarding nations international financial relations from money laundering

BY TSEGAYE TILAHUN To combat money laundering and illicit financial flows, Ethiopia has been undertaking various decisive measures. Changing of its currency notes, applying bank transaction limits, registering assets of individuals, commencement... Read more »

Gov’t reaffirms commitment to support investors in Tigray

BY HIZKEL HAILU Promising to undertake sustainable reinforcement measures to investors operating in Tigray State, Ministry of Trade and Industry urged investors to resume their manufacturing businesses in the state soon. Last... Read more »