Issue 154: Lifeline & Suzuki Recall

Hello

This past week has been momentous for Ethiopia, with the IMF and Ethiopian authorities finalizing a staff-level agreement on economic policies, marking the completion of the first review under the four-year Extended Credit Facility. This agreement unlocks $345 million in loans for the country.

Additionally, a United Nations E-government Development Report ranked Ethiopia 24th from the bottom out of 193 countries.

Other stories include the journey of a key figure poised to play a pivotal role in Ethiopia’s capital market, as well as a warning for Suzuki vehicle owners.

We also have exciting news from our side: We have launched version 3.0 of Shega Media! Our new platform offers a smoother, faster reading experience, along with updates on events, job openings, startup opportunities, and fresh features like tools and games.

Explore the new Shega at https://shega.co/

If you are here because someone forwarded you this email, you can subscribe here to get future newsletters.

International Monetary Fund staff and Ethiopia have reached an agreement on economic policies to conclude the first review of a four-year $3.4 billion loan arrangement. Read more.

Mered Besrat is one of the few public figures in Ethiopia’s soon-to-be-realized capital market. Behind the scenes, he is working on launching an investment bank, with the goal of establishing it as Ethiopia’s premier institution in the field.

However, Mered's passion for the capital market began nearly 15 years before he was set to participate in it. Read more.

Ethiopia was ranked 24th from the bottom out of 193 countries by a United Nations E-government development report released last week. Read more.

Ethio Telecom is replacing outdated copper cables with high-speed fiber optic technology. This upgrade aims to significantly improve internet speeds and reliability, addressing longstanding customer complaints. Read more.

Tamrin Car Importer, one of the authorized suppliers for Suzuki brands in Ethiopia, has issued an urgent recall for all Suzuki vehicle owners in the country due to a potential safety issue.

According to the company, certain S-PRESSO models may have a faulty steering shaft component that could lead to steering problems. Tamrin is urging all S-PRESSO owners to bring their vehicles in for immediate inspection and repair. Read more. 

A digital portal launched by two lifelong friends’ looks to springboard a change in how Ethiopian content creators monetize their work. Read more.