Ethiopian Business ReviewNational Bank of Ethiopia (NBE) availed 1.2 billion dollars to Commercial Bank of Ethiopia (CBE) in the past six months.
Prime Minister Abiy Ahmed (PhD.) appointed three new ministers for trade & industry, education and innovation.
Eritrea and Nigeria are among countries that Donald Trump administration would like add to his travel ban list.
The Trump administration plans to add seven countries – Belarus, Eritrea, Kyrgyzstan, Myanmar, Nigeria, Sudan and Tanzania – to its travel ban list, Wall Street Journal reported on Tuesday.
Primary school dropout rate is rising alarmingly throughout Ethiopia, fueled by the political unrest that has haunted the East African nation over the past three years, a new report published by National Bank of Ethiopia (NBE) reveals. The dropout rate for primary school has reached 17.5Pct during the past fiscal year, climbing to its highest level in a decade, according to NBE’s report.
Desert Locusts infested more than 235,000 hectares of land in Ethiopia. The locust spreads across the Afar, Amhara, Oromia, Somali, Tigray, and Southern Nations, Nationalities, and Peoples’ (SNNP) regional states, as well as in Dire Dawa city.
Ethiopia has not withdrawn from Badme, the village that triggered the 1998 war with its neighbor, Eritrea, Human Rights Watch says. Despite the 2018 rapprochement between Eritrea and Ethiopia, the disputed border has not been demarcated, said HRW, in its latest report about the human right status Eritrea.
The Federal government in Ethiopia says owners of factories operating inside industrial parks should construct houses for their employees. Industrial Parks Development Corporation announced it is attempting to persuade factory owners construct houses for their workers inside industrial parks.
The illicit tobacco market share rises to 90Pct of overall consumption in eastern parts of Ethiopia, posing a significant threat on tax revenues and the safety and health of individuals, Customs Commission says. While calling for targeted action at a local level to reduce the impact of the illicit trade, the Commission said about 40Pct of the country’s tobacco trade is illicit.
The past month saw the Sidama referendum and the merger of EPRDF into a single political entity called ‘Prosperity Party.’ Amongst the most common comments regarding the Sidama referendum was that it was an exercise of democracy in which the people finally determined their own administrative fate. Similarly, the formation of Prosperity Party has been commended as an inclusive effort that makes state power accessible to all Ethiopians organized under EPRDF. That too inevitably makes it a democratic move.
In Ethiopia, video film production started soon after the collapse of the Dergue regime in 1991. Since then, Ethiopia witnessed the rapid growth of the local film industry when young filmmakers began to produce documentary and fiction films with the help of digital filmmaking technologies. The technological revolution resulted in the rise of audiovisual productions that accelerated quickly. In present day Ethiopia, 100 feature films, from true stories to fictions, are produced every year.
