The latest discussion and analysis of the Ethiopian economy.
The exchange rate is the price of a currency relative to another currency or a basket of currencies. Unlike the price of goods and services, the exchange rate is a unique and abstract relative price in a way that it represents the relative state and dynamism of the local economy within the pecking order of …
Ethiopia’s exchange rate and the risk of a currency crisis Read More »
(Part II) By Dr. Suleiman Walhad January 19th, 2023 In his book “The Prize” Daniel Yergin, noted in the prologue that it does not appear that the hydrocarbon man would give up his cars, or his suburban homes and whatever he considers not as conveniences but as essentials for his way of life. This was …
The Horn of Africa States The Potential of Oil and Gas in Regional Integration Read More »
By Dr. Suleiman Walhad December 15th, 2022 Fiat money is generally defined as the currency issued by a government through its central bank. Such a currency is often backed by the economy of such a government. Fiat money is not based on the value of any commodity and, in fact, is created out of thin …
The Horn of Africa States Fiat Money Versus Gold Read More »
Addis Ababa (AFP) – “Everything is increasing except our wages,” Ethiopian porter Zerihun told AFP, summing up the financial crisis facing the Horn of Africa nation as it reels from skyrocketing inflation and an economic slowdown. After a decade of dynamic growth during the 2010s, Africa’s second most populous country has suffered multiple shocks, including the …
‘Everything increasing except wages’: inflation batters Ethiopia Read More »
Tsegaye Tegenu (PhD) At the end of 2021, the Ethiopian Parliament adopted a law establishing a National Dialogue Commission. One of the objectives of the Commission is to end the ongoing armed conflicts and promote nonviolent political movement and actions in the country. But dialog alone is not enough for creating peace. A certain level …
Creation of economic prosperity roadmap for Ethiopia Read More »
Ethiopian Finance Minister The decision to open up the banking sector to foreign investors will help to attract Foreign Direct Investment (FDI), advance financial inclusion, and create service competitiveness, Finance Minister Ahmed Shide said. The Council of Ministers has recently passed a landmark decision to open the Ethiopian banking sector to foreign investors. In an …
Opening Banking Sector to Foreign Investors Lures FDI, Advances Financial Inclusion Read More »
AP Economy Once home to one of Africa’s fastest-growing economies, Ethiopia is struggling as the war in its Tigray region has reignited and weary citizens far from the front are pleading for peace. Ethiopians are experiencing the highest inflation in a decade, foreign exchange restrictions and mounting debt amid reports of massive government spending on …
As the Economy Struggles TPLF renewed its terror war against the Ethiopian people Read More »
BY PHILIP PILKINGTON This week it was announced that Iran and Argentina had applied to join the BRICS. The BRICS — which until recently has been made up of Brazil, Russia, India, China, and South Africa — is a forum that allows countries outside of Western developed economies to forge alliances on economic issues. As it …
A new global reserve currency will undermine US dollar supremacy Read More »
Tsegaye Tegenu, PhD 2022-08-24 On August 3, 2022, The Ethiopian Government held its annual meeting to review the macroeconomic performance of the country. The session led by the Prime Minster assessed the country’s economic journey and performance in terms of GDP growth and other macro-economic variables such as inflation, employment creation, export and investment promotion. …
Is the Economy of Ethiopia Progressing? Open Letter to the Prime Minster and Government Read More »
By Dr. Suleiman walhad May 30th, 2022 A financial infrastructure is generally the foundation of a financial system including the institutions, information, technologies and rules and standards which enable financial activities including financial intermediation. In the Horn of Africa States, the financial sector is simply seen as an instrument to finance other key economic sectors such as small-scale industries, agriculture, fishing, …
The Horn of Africa States and Its Financial Infrastructur Read More »
Around 400 million dollars’ worth of petroleum has been illegally smuggled from Ethiopia in 2020/21 according to reports. The contrasting prices with markets in neighboring countries have offered a lucrative prospect for profit through cross-border contraband trade, causing irregularities and disruptions in domestic fuel distribution. “Even if there is no figure set by the government’s …
$400M worth of petroleum smuggled out of the country Read More »
By Habtamu Share companies are one form of business organization that often issue shares to raise capital for operational and strategic reasons. In other countries, shares of public companies are traded on regulated stock exchanges. In the stock exchange process, investors can place orders to buy and sell shares. Shares can be a valuable part …
