written by: Samson Tsedeke
In a landmark policy shift, Ethiopia has announced the liberalisation of its foreign exchange market, a move that took effect on July 29, 2024. This decision allows the exchange rate of the birr to be determined …
Samson Tsedeke
One-time Devaluation or Market Release?
We have learned from various sources that the issue of whether to devalue the Ethiopian Birr or take other alternative measures is becoming imminent. Particularly, diplomatic missions and non-governmental organizations that pay salaries …
In a landmark move signaling a significant shift in economic policy, Ethiopia is set to welcome foreign capital with open arms, allowing for the first time the ownership of property by foreign investors. Announced by Prime Minister Abiy Ahmed during …