Browsing: Ethiopia

Kenya ranked Africa’s Co-operative pulse

Industry and Trade

Deposits formed the bedrock of the source of funding for assets, notwithstanding impacts associated with the pandemic, DT-Saccos were still able to mobilize deposits at a near similar rate as the growth in their assets’ portfolios.
Gross loans increased by 13.16 per cent in 2020 to Kshs 474.77 B compared to Kshs 419.55 B of 2019.
Net loans and advances increased markedly by 12.60 per cent to reach Kshs 450.58 B in 2020, compared to Kshs 400.16 B in the previous year.

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Commercial activity in Tigray, Ethiopia hit hard by conflict

Ethiopia

FAO says that in addition to lost agricultural assets, the state of core basic services across northern Ethiopia is impeding relief efforts.

“Electricity and fuel are lacking, cash and credit are not to be found, and there is only one functional road in and out of the region”, noted Paulsen.

According to the organization, the conflict commenced at the peak of what would have been the main Maher season harvest before many households had the opportunity to harvest their crops.

ethiopian airlines making profits despite of pandemic

Ethiopia Airlines expected to remain profitable despite pandemic

Business

The government introduced a five-year zero profit tax policy for new investments in the hospitality sector which is expected to encourage private sector investment.

According to the study, the development of world-class tourism facilities is expected to lead to job creation and boost tourism earnings.