PM Abiy’s gov’t have come up with a three-year economic reform plan to deal with, among many, the exiting acute shortages of hard currency, to amend the ill-fated foreign trade sector, and reducing the growing unemployment rate.
BIRHANU FIKADE | THE REPORTER
The coming of Prime Minister Abiy Ahmed to power has been marred with critical political, economic and social pitfalls. His measures in relaxing the stifling leadership style of the ruling Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) likewise stimulated many to come out and speak. Continue reading Ethiopia’s Macroeconomic Imbalances Evolving into Critical Crises
Consumer market stabilization can be ensured basically by evenly distributing an adequate amount of product to the market at a fair value price. How to enable farmers sell their products directly to the customer is key.
MIRIAM TEKESTE | SHABAIT
For citizens to have an improved living standard, first of all, there must be adequate supply of products. Adequate products are essential but not necessarily sufficient unless there is an even distribution of products in all parts of the country and fair prices are ensured. This is likely to stabilize the market and play a big role in the economic growth of the nation. Continue reading Eritrea: Stabilizing Price to Improve Citizens’ Livelihood
Sudan and the Arab Monetary Fund (AMF) signed agreements for two loans worth $300 million as the government struggles to cope with an economic crisis and nearly three months of street protests.
Sudan has signed deals for loans worth $300 million with regional Arab funds, authorities said on Saturday, as the government struggles to cope with an economic crisis and nearly three months of street protests. Continue reading Crisis-hit Sudan Signs $300 million Loans with Arab Monetary Fund
The central bank pegged the Sudanese pound at 47.5 against the dollar from the previous rate of 28 to the dollar, the third devaluation this year, in the face of a mounting economic crisis.
Sudan slashed the official value of its currency against the US dollar by more than half on Sunday, the third devaluation this year in the face of a mounting economic crisis.
The move came just weeks after President Omar Al-Bashir replaced the government over its failure to curb economic woes including soaring food prices.
Continue reading Sudan Sharply Devalues Currency as Economic Crisis Bites
Economically Stupid Idea? The Central Bank of Sudan (CBoS) has started printing a new denomination of currency aimed at solving the acute shortage of cash flow within the banking system, called “liquidity crisis”
Sudan’s central bank will start printing 100 pound bank notes for the first time to ease a liquidity crisis exacerbated by rampant inflation, state news agency SUNA said on Sunday.
Sudan’s economy has been struggling since the south of the sprawling northeast African country seceded in 2011, taking with it three-quarters of oil output and depriving Khartoum of a crucial source of foreign currency.
Continue reading Sudan Prints New 100-Pound Banknotes to Ease Liquidity Crunch
Prices have soared in Sudan to hit inflation over 66 percent. (REUTERS/Mohamed Nureldin Abdallah)
Sudan’s inflation rate has risen to 66.82% in August compared to 63.94% in July, reported the Central Bureau of Statistics (CBoS) in its monthly bulletin on Saturday. Continue reading Inflation in Sudan Rises to 66.94 Percent