MPs squeeze regulators over parallel market, bank policies
Business MPs squeeze regulators over parallel market, bank policies By Ashenafi Endale December 2, 2023 Central bank regulators faced harsh criticism from parliamentarians this week over their failure to bridge the yawning gap between the official and parallel market exchange rates. MPs grilled regulators including Governor Mamo Mihretu about a range of issues including devaluation, […]
Enterprise seeks Parliament’s assistance to resolve Turkish textile plants’ tax issue
Business Enterprise seeks Parliament’s assistance to resolve Turkish textile plants’ tax issue By Sisay Sahlu December 2, 2023 Public Enterprises Holdings and Administration (PEHA) is seeking assistance from Parliament to resolve a concerning issue involving two Turkish textile plants that owe over two billion birr in unpaid accumulated taxes. The massive textile enterprises, Else Addis […]
Central bank reform must ensure its independence
Staff Reporter December 2, 2023 EDITORIAL The Governor of the National Bank of Ethiopia (NBE) painted the usual rosy picture about the downward trajectory of inflation in Ethiopia while presenting the central bank’s quarterly performance report to Parliamentarians this week. Governor Mamo E. Mihretu told legislators that thanks to raft of monetary policy measures it […]
Debt suspension heralds IMF program, “wider” debt treatment
News Debt suspension heralds IMF program, “wider” debt treatment ByKidus Dawit December 2, 2023 The federal government sighs relief as external creditors approve a proposal for a two-year pause in foreign debt payments, allowing what the Paris Club says is “time-limited liquidity relief ahead of discussions on a wider debt treatment.” The official creditor committee […]
Bill looks to grant Comms Authority control over data privacy
News Bill looks to grant Comms Authority control over data privacy By Nardos Yoseph December 2, 2023 A bill that would give the Ethiopian Communication Authority (ECA) sweeping control over data privacy is making its way through Parliament. The latest draft is a rework of data privacy laws that surfaced in 2020 but with some […]
Ethiopia debt service pause contingent on IMF deal by March 31, 2024 – Paris Club
NEWS IN BRIEF By Staff Reporter December 2, 2023 Ethiopia’s agreement with its bilateral creditors, other than China, to suspend debt payments until 2025 could be voided if the country does not secure an International Monetary Fund (IMF) loan by March 31, 2024, the Paris Club of developed creditor nations said. The debt service standstill […]
Dysfunctional light rail clogs commutes in capital
News Dysfunctional light rail clogs commutes in capital BySelamawit Mengesha December 2, 2023 Things go from bad to worse for the capital’s ailing light rail system as it comes to light that more than half of the train cars under the Addis Ababa Light Rail and Railway Corporation are in-operational. No less than 23 of […]
Unresponsive cash registers worry revenues officials
News Unresponsive cash registers worry revenues officials By Nardos Yoseph December 2, 2023 The Ministry of Revenues raises the alarm that less than 15 percent of cash registers in the country are transmitting daily data to its offices. During a quarterly performance report presented to Parliament’s standing committee on Public Expenditure Administration and Control Affairs, […]
Lack of farmer consultation in land policy raises eyebrows
In DepthLack of farmer consultation in land policy raises eyebrows BySamuel Bogale December 2, 2023 Share Lawmakers have been busy since Parliament reconvened in October. The list of bills tabled to MPs for review and approval is long, and touches on everything from education and information technology to transportation and defense.Among the most prominent […]
The world’s top 10 airports for international Boeing 777 passengers flight Simple Flying 5h
BY JAMES PEARSON Which airports do you think feature? SUMMARY More than 240 airports have scheduled international passenger flights by the Boeing 777 in December, analysis of the latest information available from OAG indicates. This is based on all the different variants: the 777-200, 777-200ER, 777-200LR, 777-300, and 777-300ER. 777 flights: the top international airports The following table summarizes the leading 10 […]