economy

Land and buildingloans are not easy anymore. This is because the Commercial Banks and the National Bank of Ethiopia have suspended all the loans contingent on land and property. The State Minister said in an interview on FM Radio that for illegal purposes, money was being used. There are solid indications that the black market has gained a lot from such malicious activity. And now the country's Central...

The agency that works for the civil organizations to regulate CSOs has asked all the societies, including locals and foreign ones, to register properties and provide reports on the assets to date. The civil society organizations are tube. Time to furnish the reports in both soft and hard form within the same year. The Agency provided six different forms, including sold vehicles, fixed assets, vehicles...

It was reported by Dawit Endeshaw and edited by Giulia Paravicini, George Obulutsa, and Mark Potter that there have been 389 confirmed COVID-19 cases and trolled into 5 deaths with 69,507 tests conducted until May ‘20. But the Ethiopian telecommunications sector is set to issue licenses of two new telecom operators despite the novel coronavirus outbreak within a population of 110 million. At the...

Confirming the launch of the leading as well as in all probability the most contested African hydro-electrical complex, the Ethiopian Prime Minister Abuy Ahmed made the announcement," Without bothering and hurting anyone else; we have completed the first dam filling." For Ethiopia, this is a democracy issue mainly revolving around two levels, political and economic. The economic aspect mainly revolves...

Demand for residential houses in Addis Ababa has continued to rise over the past few years. More Ethiopians are relocating to town putting pressure on the government to satisfy the housing demands. Nevertheless, the private sector has really stepped into at least cater for some of the demand, especially demand for high-end residential houses. The private sector has been experiencing impressive steady...

Ethiopia is among the leading countries in Africa with massive construction of housing schemes. These schemes are concentrated in Addis Ababa, with the government trying to cater for the ever-growing urban population. The ability for the Ethiopian government to solve the relenting urban housing demand is uncertain with the forecasted doubling of the current population to 8 million by the next decade....

In 2017, Africa continued to attract investments, both regional and global which have seen the continent move closer to economic freedom. However, the fluctuating tourism index, shifts in currency and political events presented rewards and risks to hotel markets across Africa. West Africa in particular experienced positive changes as the world prices for oil started to recover. Meanwhile, some markets...

Reports from Global Economic Prospects (GEP) released early this year forecasted 3.2 percent growth acceleration in Sub- Saharan Africa this year. This would be an increase from the 2.4 growth percent recorded last year and the preceding slowed growth rate in 2016 at 1.3 percent. The World Bank’s GEP report indicated that Ethiopia would be the fastest growing country compared to others in the region....

Ethiopia is known as one of the African countries with a stable and steady economy. The stability in its economy can be credited to the cordial working relationship between the state and the foreign investors. Sources have it that Ethiopia has a good number of international investors from Asia, Gulf and European nations which are believed to have the most reliable economic pillars. An investment...