Ethiopian Business ReviewThe World Health Organisation (WHO) yesterday listed Ethiopia among 13 African countries identified as high-risk for the spread of the deadly coronavirus.
Ethiopia’s commercial debt stock has reached almost seven billion dollars as of the end of last year, National Bank of Ethiopia (NBE) reveals.
It accounts for one-fourth of the country’s total debt stock and showed a 2.7Pct annual increase, according to the report published by NBE.
International Monetary Fund (IMF) forecasts foreign currency reserve of Ethiopia will reach four billion dollars by the end of the existing fiscal year (2019/20), which means six months later. By the end of the past financial year, the country’s forex reserve was just USD2.8 billion.
Standard Bank unlocks USD50 million funding for Coca-Cola Beverages Africa (CCBA) in order to finance its expansion strategy in Ethiopia over the next five years.
Land lease auction will resume this fiscal year, EBR learnt. More than 100 plots of land will be transferred to developers (leasee) through auction in the coming months, said Takele Uma, Deputy Mayor of Addis Ababa, in his interview with Fana Broadcasting Corporation.
Getachew Kassaye, best known as the father of the auditing and accountancy profession in Ethiopia, has passed away yesterday. He has died at the age of mid 80s.
Nigeria’s largest mobile money operator, Paga, acquires Apposit, a US technology company based in Addis Ababa, Ethiopia.
The council of Minister approves a new regulation that would allow the establishment of the first-ever artificial intelligence (AI) research centre in Ethiopia.
UNHCR, the UN Refugee Agency, and its partners, are asking for urgent international support for refugee operations in Ethiopia, seeking for USD658 million to assist over 735,000 refugees and more than half a million Ethiopian hosts in 2020.
Foreign Direct Investment (FDI) inflow to Ethiopia plummeted by USD1.5 billion since 2017, according to an UNCTAD Investment Trends Monitor published on January 20, 2020.
