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Articles
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No Prospectus, No Play
5 mai, par Abrham dEditorBrook Taye (PhD), the director general of the newly established Ethiopian Capital Market Authority (ECMA), has issued a stern warning to commercial banks involved in the “securities brokerage business” without a proper license. In a letter dispatched last week, he told bank executives to halt (...) -
Irrigation Dreams Drag in Design Ditches
5 mai, par Abrham dEditorDreams of an agriculture sector unshackled from the whims of rain remain tethered to the struggling Ministry of Irrigation & Lowlands. A scathing parliamentary nine-month review exposed a meagre track record, where the Ministry not only failed to complete a project, but some had even (...) -
Fed Ponders Mandatory Construction Software for Large Public Projects
5 mai, par Abrham dEditorLarge public projects exceeding 250 million Br will be required to use Building Information Modelling (BIM) software that integrates design, construction, logistics, operation, maintenance, budgets, and schedules, into one central platform. Spearheaded by the Construction Management Institute, (...) -
Sowing Seeds of Hope with Policy Harvests
5 mai, par Abrham dEditorA new agriculture policy, spearheaded by Minister of Agriculture Girma Amente (PhD), has made its way to Parliament, signalling a shift towards a market-driven approach aimed at revamping the sector. Girma said empowering smallholder farmers in terms of land rights and access to financing is (...) -
Central Bank Clamps Down on Exports to Fight Missing Millions
5 mai, par Abrham dEditorThe National Bank of Ethiopia (NBE) has restricted the use of Cash Against Documents (CAD) for exports to Sudan and Somalia. This move comes after identifying a discrepancy between the value of exported goods and the foreign currency repatriated. Advance payments or letters of credit will now (...)