Ethiopia’s New Banking Legislation: A Double-Edged Sword for Domestic Banks

The recent banking legislation in Ethiopia signifies a major transformation in the nation’s financial sector, aiming to remove long-standing barriers that have restricted foreign banks from participating in the local market. This

December 17, 2024

Business·Economy·News

Ethiopia Transfers Control of Ten Companies to the Sovereign Wealth Fund

Ethiopia has transferred ownership of ten state-owned enterprises to the government’s sovereign wealth fund as part of efforts to enhance their management. The companies involved include Ethiopian Electric Power, Ethiopian Railway Corporation,

December 4, 2024

Business·Economy·News

Ethiopia’s Multidimensional Poverty Crisis (OPH)

Ethiopia is currently grappling with a profound multidimensional poverty crisis. According to a recent analysis conducted by the Oxford Poverty and Human Development Initiative (OPHI), an alarming 68.7% of the Ethiopian population

November 12, 2024

Economy·News

86 Million Ethiopians Face Extreme Poverty: Insights from the Multidimensional Poverty Index

The demographic of impoverished individuals, totaling 1.1 billion, is distributed across 112 countries within a global population of 6.3 billion. A significant portion, nearly half (48.2 percent), resides in Sub-Saharan Africa, amounting

October 19, 2024

Economy·News

Ethiopia’s Currency Reform: A Double-Edged Sword Affecting Economic Stability

By Dylan GAMBA In a modest clothing boutique located in the capital of Ethiopia, Medanit Woldegebriel has witnessed a near doubling of her dress prices over the last two months, resulting in

September 21, 2024

Economy·News

Ethiopia Faces Broader Systematic Failure and Business as Usual

Tsegaye Tegenu, PhD 2024-09-14 These days both ordinary citizens and experts are actively discussing the various crises facing the country, including soaring inflation, declining trust in government institutions, limited access to basic

September 14, 2024

Economy

Ethiopia Needs Long-Term National Development Plan (Part Twenty-Six, Path Advice to Stakeholders)

Tsegaye Tegenu, PhD 2024-08-14 In a document divided into twenty-five sections, I have explored the technical aspects of crafting a long-term national development plan for Ethiopia. The discussion primarily covers the following

August 17, 2024

Economy

Tsegaye Tegenu (PhD) Creation of economic prosperity roadmap for Ethiopia

Ethiopia Needs Long-Term National Development Plan (Part Twenty-Five, Funding Sources and Impacts)

Tsegaye Tegenu, PhD 2024-08-11 Funding long-term national development plans refers to the process of securing and managing financial resources to support strategic initiatives aimed at fostering the six goals of “Creating a

August 11, 2024

Business·Economy

Ethiopia’s Economic Reform: Prescription Mismatches Ailment

By Fayessa A Ethiopia’s economic reform, without complementary and serious political reform, is not going to remedy the country’s significant challenges, in fact it’s likely to make things worse. The need for

August 9, 2024

ANALYSIS & OPINION·Economy

The Idea of Implementing a Market-based Exchange Rate System in Ethiopia continues to be an elusive goal

By Kbour Gena August 9, 2024 (TH) – Ethiopia’s recent shift from a restricted foreign exchange rate to a market-oriented free exchange rate system indicates a significant alteration in economic policy under

August 9, 2024

ANALYSIS & OPINION·Economy

Ethiopia Needs Long-Term National Development Plan (Part Twenty-Four, Governance Environment)

Tsegaye Tegenu, PhD 2024-08-04 We will continue our discussion on the practical challenges we face in implementing and managing the long-term national development plan. (For the previous discussions, see parts twenty-one through

August 4, 2024

Economy

Ethiopia Needs Long-Term National Development Plan (Part Twenty-Three, Policy-Making Experience)

Tsegaye Tegenu, PhD 2024-07-31 The vision of “Creating a Post-Scarcity Economy, Thriving Middle Class, and Self-Reliant Society” encompasses 342 operational strategies and 354 policies. Some readers may perceive this detailed discussion as

July 31, 2024

Economy

IMF Approves $3.4B Program: Ethiopia Bonds Surge

Following the International Monetary Fund’s decision to provide Ethiopia with a loan of $3.4 billion over a four-year period as part of an economic reform initiative, the value of the country’s defaulted

July 30, 2024

Economy

“Navigating the New Foreign Exchange Market: No Cause for Celebration” Ato Kabur Gena

The Ethiopian government has made the decision to transition the foreign exchange transaction rate to be governed by the market system. As a result, the foreign exchange management system has shown improvement

July 29, 2024

Economy

Economic Consequences of Ethiopian Birr Devaluation in Foreign Markets

The National Bank of Ethiopia recently declared the restructuring of the nation’s foreign exchange management system in response to the Ethiopian government’s macroeconomic reform program. This immediate reform is designed to shift

July 28, 2024

Economy