Economy

Ethiopia Eases Restrictions on Foreign Investors in Retail Sectors

Economy, News /

Addis Ababa, Ethiopia – Ethiopia has significantly revised its investment regulations, lifting previous stringent conditions for foreign investors seeking to engage in the retail and export sectors. The new directive, issued by the Ethiopian Investment Board, aims to attract more foreign capital and foster a more predictable and competitive investment environment. The most notable change […]

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Ethiopia’s Budget Under Fire: Critics Warn of Stifled Development as New Projects Halt

Economy, Editors Pick /

Addis Ababa, Ethiopia – Ethiopia’s federal government has unveiled its proposed budget for the upcoming fiscal year 2025/2026 (2018 Ethiopian Calendar), totaling 1.93 trillion Birr. The budget, presented to the House of People’s Representatives on June 10, 2025, is drawing significant criticism for its continued prioritization of existing projects at the expense of initiating new

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Ethiopian coffee production forecast to rise, Colombia to decline

Economy, News /

The Foreign Agricultural Service of the United States Department of Agriculture (FAS USDA) forecasts Ethiopian coffee production to increase to 11.6 million 60-kilogram bags in 2025–26. The increase is due to favorable weather, increased productivity from regeneration of older trees, and the use of higher-quality materials, including more productive seedlings. Exports are expected to increase

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Ethiopia Enacts Strict New Law on Single-Use Plastics, Fines Up to 5,000 Birr

Economy, News /

Addis Ababa, Ethiopia – A new proclamation concerning solid waste management and disposal has been approved by the House of People’s Representatives, imposing hefty fines on individuals found in possession of single-use plastic bags. The law, which has sparked criticism from some parliamentary members, stipulates a fine of 2,000 to 5,000 Birr for anyone found

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Ethiopia’s Debt Burden: Over $575 Per Citizen as Economic Concerns Rise

Economy, Must Read, News /

Addis Ababa, Ethiopia – A recent report by the Ethiopian Economics Association reveals a growing concern over Ethiopia’s external debt, which reached an alarming $62.5 billion by 2023, translating to more than $575 owed by each Ethiopian citizen. According to Dr. Nasir Yenus, a senior macroeconomics researcher at the association, this substantial debt burden is

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Ethiopia Doubles Foreign Exchange Limits for Travelers and Importers

Economy, Must Read, News /

Addis Ababa – The National Bank of Ethiopia (NBE) announced significant reforms to its foreign exchange market regulations today, Tuesday, May 20, 2025. The changes aim to streamline foreign currency access for individuals and businesses, with a notable increase in the foreign exchange allowance for private travelers and a tenfold increase in import advance payment

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Life on CAD: Get to Know the Shortcut

Economy /

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Scientists Fear Climate Data Gap as Trump Aims at Satellites

Economy /

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Running macOS and Windows 10 on the Same Computer

Economy /

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