Ethiopia is currently in the process of localizing the production of its currency, the Ethiopian Birr. ・Ethiopia is working ...

ADDIS ABABA, Ethiopia (AP) — Ethiopia’s currency lost 30% of its value Tuesday, the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary ...

To balance falling inflation with surging liquidity, the National Bank of Ethiopia is tightening credit controls and ...

Addis Ababa, January 26, 2025 (POA)—Ethiopia's comprehensive macroeconomic reform has provided a swift relief to the economy by increasing foreign exchange reserves and exports, senior economists told ...

ADDIS ABABA — Ethiopia inaugurated its biggest electric vehicle factory in Debre Berhan in the Amhara region on Tuesday, as part of an ambitious strategy to turn the country into a leading player in ...

This year, Ethiopia joined BRICS+ newcomers Iran, Saudi Arabia, the United Arab Emirates, Egypt and Argentina, alongside its originals – Brazil, Russia, India, China and South Africa – to help foster ...

Ethiopia relies almost entirely on Djibouti’s port for its imports, paying transit fees that have risen fivefold since the ...

Ethiopia’s leader loves big projects. With a contentious megadam completed on the Nile, Prime Minister Abiy Ahmed now plans Africa’s largest airport and a nuclear power plant. But the landlocked ...

Ethiopia plans to begin generating nuclear electricity within a decade in order to meet growing energy demand.

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. ADDIS ABABA, Ethiopia (AP) — Ethiopia’s ...