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Breaking newsETHIOPIA

IFC counting on bank sector deregulation

During his three-day trip to Addis Ababa, the Chinese national Jin-Yong Cai, the Executive Vice President and CEO of International [...] (195 words)

Issue dated 10/03/2015

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Parliament opens financial sector to foreign companies

The Ethiopian Members of Parliament approved an unprecedented move to deregulate financial services on 5 April. The accepted a bill [...]

ETHIOPIA Politics 05/02/2016

Shortage of dollars to counter drought

With drought ravaging the country, the agriculture minister has warned MPs that his ministry will not be able to provision funds for an initiative to improve crops. [...]

Spotlight

ETHIOPIA Politics Document 20/11/2015

Desalegn’s secret plan for economic development

The Indian Ocean Newsletter has obtained a copy of the Second Growth and Transformation Plan (GTP II), a five year economic development plan ordered by the government of Prime Minister Hailemariam Desalegn (click here). In it, the plan’s author, the [. [...]

ETHIOPIA Business 09/10/2015

Sanctions against CBO are a warning for all the private banks

The management of Cooperative Bank of Oromia has been sanctioned for breaching legislation on foreign currency reserves. This operation will exacerbate entrepreneurs' access to foreign currency. [...]

ETHIOPIA Politics 10/04/2015

Teklewold Atnafu tightens the grip on commercial banks

The governor of the National Bank of Ethiopia (NBE, central bank), Teklewold Atnafu, who on 28 March officially announced his [...]

Spotlight

ETHIOPIA Business 02/01/2015

The authorities want to cozy up to Europe

With a few months to go until the 2015 elections, the Ethiopian government is keen to find ways to fund its major infrastructure projects and also to reassure foreign investors who are disappointed by having to jump through hoops of [. [...]

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ETHIOPIA Politics 19/09/2014

Companies still wary of ERCA

Through its several tax levies to fill the state coffers, the Ethiopian Revenues & Customs Authority (ERCA), shielded by complex and often opaque legislation, has been all but terrorising business. Tax disputes have been very numerous and even large concerns [. [...]

ETHIOPIA Politics 23/05/2014

Atnafu deregulates hire purchase

A directive from the National Bank of Ethiopia (NBE) promulgated this month opens the finance lease and hire purchase sector to local and foreign companies. [...]

ETHIOPIA Business 01/03/2013

Foreign investors take fright

Bankers and foreign investors are voicing alarm about the damaging impact of a shortage of hard currency in Addis Ababa. [...]

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ETHIOPIA
Desalegn Ambaw
Guang Zhe Chen
International Finance Corp
Jin-Yong Cai
National Bank of Ethiopia
World Bank

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IFC counting on bank sector deregulation

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Parliament opens financial sector to foreign companies

Shortage of dollars to counter drought

Desalegn’s secret plan for economic development

Sanctions against CBO are a warning for all the private banks

Teklewold Atnafu tightens the grip on commercial banks

The authorities want to cozy up to Europe

Companies still wary of ERCA

Atnafu deregulates hire purchase

Foreign investors take fright

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IFC counting on bank sector deregulation

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Parliament opens financial sector to foreign companies

Shortage of dollars to counter drought

Desalegn’s secret plan for economic development

Sanctions against CBO are a warning for all the private banks

Teklewold Atnafu tightens the grip on commercial banks

The authorities want to cozy up to Europe

Companies still wary of ERCA

Atnafu deregulates hire purchase

Foreign investors take fright

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