Monthly Updates on the Ethiopian Economy March - April 2021

1. Revision of customs tariff book 

2. Several new commercial banks to join the Ethiopian banking industry 

3. Revised commercial code ratified by parliament 

4. Ethiopian Government introduces “franco-valuta” to contain galloping inflation

5. Minimum capital requirement for banks more than doubled

6. Ever-increasing import cost of chemical fertilizers

Design and layout by Nina Tabinaeva, Information Management Specialist at UN RCO Ethiopia.