Ethiopia’s Hard Currency Shortage Will Last Many More Years: PM Abiy
BY REUTERS Ethiopia’s new prime minister said on Monday that a foreign exchange shortage…
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IMF Chief to Visit Ethiopia as Hard Currency Crunch Harming Economy
BY ENGIDU WOLDE | ESAT NEWS Shortage of foreign currency, dwindling export trade and…
Why the Arrest of Saudi Arabia’s 2nd Richest Man is Causing Shockwaves in Ethiopia
Sheik Mohammed Hussein Al-Amoudi owns 4.7% of Ethiopia’s economy and employs 14% of its…
Shortage of Hard Currency Crippling Ethiopia’s Economy: Governor
A declining export, acute shortage of hard currency, an insatiable demand for imports, widening…
Ethiopia President Says Country is Broke
A declining export, acute shortage of hard currency, an insatiable demand for imports, widening…
Official: UN Emergency Food Appeals Tarnish Ethiopia’s Image
By ESAT News, The Ethiopian government has stopped the fundraising campaign by UN agencies…
Chinese PetroTrans Quits Ethiopian Oil and Gas Exploration
By TesfaNews, The number of foreign mining and exploration companies that cut and pack…
Ethiopia’s External Debt Exceeds US$12 Billion
By TesfaNews, A report from the Ethiopian Ministry of Finance and Economic Development (MOFED)…
Ethiopia’s July Inflation Surges to 39.2%
By Daniel Berhane, Ethiopia’s inflation rate climbed to 39.2% in July 2011 as compared to…