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Attacks against journalists soar in Ethiopia, report says
There is a huge rise in threats against journalists from state and non-state political actors over the past three years, a new report showed. This was fueled by the explosion in political polarization over social media, the crisis of the conflict in Tigray, COVID-19, and the ethnicization of the media itself, according to Ethiopia Safety of Journalists (SoJ).
Policies must be overhauled every five years to address new challenges
The former NBE vice Governor and Chief Economist, Yohannes Ayalew (PhD), flipped sides to become a bank President after a zealous service at the central bank for over 25 years. When he was assigned as President for the Development Bank of Ethiopia (DBE) in September 2020, just a month before an expansive war broke-out in the northern part of Ethiopia, DBE’s NPL was 20 percent above the minimum threshold of 15 percent allowed for policy banks.
Gov’t holding company under-formation
A conglomerate dubbed ‘Government Holding Company (GHC)’ is under-formation; it is going to be an umbrella company which will be a hub for all State Owned Enterprises (SOEs) that are currently being overseen by the Public Enterprises Holding and Administration Agency (PEHAA). The holding company will be administered by a Board to be established.
MoE plans to pilot new curriculum in 687 schools
The Ministry of Education (MoE) finalized the revision of the existing education curriculum for grade one to grade twelve. The new curriculum will be tested in 589 primary schools and 98 secondary schools this year, except in Tigray regional state and full implementation of the new curriculum is set to commence by next year (2015 E.C).
“The current situation is making us question everything”
Eyob Tekalign (PhD), State Minister of Finance The past three years have been quite turbulent for Ethiopian politics and economy. The COVID-19 pandemic and locust...
Redstar saves BMET Cables from foreclosure
BMET cables, a Turkish factory which has been listed in the Development Bank of Ethiopia’s (DBE) Non Performing Loans (NPL), shook off its long overdue loans and is currently being transferred to a new owner, The Reporter learnt.
Govt expects new institutional structure to last a decade
The new institutional structure revealed following PM Abiy’s new cabinet back in early October is designed to last at least for the next ten years, The Reporter learnt.
DBE loses 900 million birr to Tigray conflict
The Development Bank of Ethiopia (DBE) failed to recover 900 million birr in loans it provided to projects in Tigray as a result of the yearlong conflict in the region. Consequently, the bank has declared them Non-Performing Loans (NPL).
Addressing obstacles to E-Commerce in Ethiopia
The need for cash notes and physical presence at market places has gone down significantly, especially since COVID-19. Online orders and payment, digital transaction, home delivery businesses, and even digital health services, e-learning and e-governance have become the buzz words as the pandemic has disturbed the natural course of economic activities.
Counting agricultural costs of the war
Isayas Lemma is Crop Development Director at the Ministry of Agriculture (MoA). Recently, a new field assessment landed on his table.
