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ECA predicts commodity markets to remain volatile in Africa
Spread the NewsCommodity markets in Africa are expected to remain volatile in months ahead following the persistence of Covid-19 constrains in the supply chain and other global economic pressures, said Stephen Karingi, Director of Regional Integration and Trade Division at the Economic Commission for Africa (ECA). Karingi was speaking at the ECA Price Watch session…

Timely funding, response critical as Ethiopia’s agriculture sector recovers from multiple disasters
Spread the NewsBy Fatouma Seid Agriculture is a source of livelihood for over 80 percent of the population in Ethiopia. However, the sector has faced complex and overlapping threats over the past decade. Since 2019, the country has been responding to the worst desert locust invasion in over 25 years. Although the invasion has subsided,…

National Bank lifts its ban
Spread the NewsThe National Bank of Ethiopia (NBE) lifted the loan freezing placed since August 2021, according to media reports. Executives of commercial banks have been given an instruction to resume loan services to all of the customers. Many businesses have been crying foul over the loan freezing as it has impacted their productivity due…

PurposeBlack launches supplying agri products
Spread the NewsPurposeBlack ETH Training S.C. said Monday that it has officially launched activities of supplying agricultural products to consumers. The company will conduct activities of providing consumers with agricultural products—by purchasing directly from the farmers, which will reduce the value chain significantly. Fissiha Eshetu, CEO of Purpose Black said:“The Company has collected 10 billion Birr, and we’ll facilitate the market to enable farmersgetting better incomes…

TotalEnergies Marketing Ethiopia announces winners of 3rd Startupper Challenge
Spread the NewsFollowing the selection of the Startupper of the Year Challenge winners by a local jury comprised of experts, the winners of this 2022 edition were awarded during an official award ceremony organised on May 11, 2022 at Hyatt Regency Hotel, Addis Abeba. The three winners of the Startupper of the Year Challenge in…

Breaking: Tewolde resigns as CEO of Ethiopia Airlines Group
Spread the News Tewolde GebreMariam, CEO of Ethiopian Airlines Group, has officially resigned from his post citing medical reasons, reliable sources told Origins Media. He has been in the United States for more than 6 months to get a medical treatment. Tewolde has served as CEO of Ethiopian Airlines Group since January 2011. Mr. Tewolde…