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Economy

The latest discussion and analysis of the Ethiopian economy.

Creation of economic prosperity roadmap for Ethiopia

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 …

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Opening Banking Sector to Foreign Investors Lures FDI, Advances Financial Inclusion

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 …

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As the Economy Struggles TPLF renewed its terror war against the Ethiopian people

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 …

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A new global reserve currency will undermine US dollar supremacy

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 …

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Is the Economy of Ethiopia Progressing? Open Letter to the Prime Minster and Government

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. …

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The Horn of Africa States and Its Financial Infrastructur

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, …

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$400M worth of petroleum smuggled out of the country

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 …

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Don’t Remove Ethiopia’s AGOA Trade Privileges

By Mamo Mihretu, a senior policy advisor to Ethiopian Prime Minister Abiy Ahmed and Ethiopia’s chief trade negotiator. OCTOBER 13, 2021 U.S. President Joe Biden recently threatened to impose sanctions on Ethiopia due to the conflict in Tigray. If Washington follows through and removes preferential trade arrangements under the African Growth and Opportunity Act (AGOA), Ethiopia’s …

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Ethiopia’s Economic Prosperity Vision-Strategy: Challenges of Old and New Recommendations

Tsegaye Tegenu, PhD September 14, 2021 To be economically prosperous, Ethiopia needs a formal vision-strategy document that reflects the consensus of the people. The dominant sectoral approach and policy thinking did not bring about the desired development effects and achieve the goals of economic growth and transformation. The lesson is that policy thinking of sectoral …

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China’s Pathways to Economic Self-Reliance: Lessons for Ethiopia

Tsegaye Tegenu, PhD 2021-09-06 Self-reliance is a commitment to use the natural and human capital of the country to generate sustainable growth and employment that is not excessively dependent on the outside world for markets, supplies and investments. China has followed different strategies to attain self-reliance and studying the journey and Chinese commitments provides valuable …

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Ethiopia’s Economy Needs Strategies and New Policy Design

Tsegaye Tegenu, Ph.D. Senior Lecturer, Department of Social and Economic Geography, Uppsala University Researcher, Department of Human Geography, Stockholm University Researcher, Institute for Futures Studies, Stockholm Evaluation Specialist, Performance Monitoring and Evaluation Consulting Firm (PMECF) July 31, 2021 Points of departure Ethiopian economy has been at the same level of growth and productivity for the …

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