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Economy

The latest discussion and analysis of the Ethiopian economy.

0M worth of petroleum smuggled out of the country

$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

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

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

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

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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Akobo gets a second drill rig working at Ethiopia project

BY: MARLENY ARNOLDI 8TH JULY 2021 Norway-based gold explorer Akobo Minerals has procured a second drill rig to start core drilling on the Segele gold project, in Ethiopia. The drilling is an important part of increasing the project’s mineral resource, advancing the Joru target in particular and supporting ongoing mining studies, Akobo reports. “This doubling in operational activity allows us to increase the confidence

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