Ethiopia’s exchange rate and the risk of a currency crisis
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
The Horn of Africa States Fiat Money Versus Gold
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
‘Everything increasing except wages’: inflation batters Ethiopia
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
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
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
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
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,
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
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
$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
Why Share Companies Fail in Ethiopia
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
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