News Ethiopia Economy: Ethiopia's Tigray region unveils new cabinet to lead political transition
The newly elected president of Tigray's interim administration, Getachew Reda, has unveiled a cabinet that will lead the region's political transition after two years of conflict. The 27-member team…
News Ethiopia Economy: Ethiopia's inflation squeezes family budgets as food prices rise
Annual inflation is running at more than 30% in Ethiopia, according to official statistics cited by economic data provider Trading Economics, putting it among a clutch of African nations with fast ...
News Ethiopia Economy: Mastercard (MA), EthSwitch to Boost Online Transfers in Ethiopia
Mastercard Incorporated MA inked a Memorandum of Understanding (“MoU”) with the national payment switch of Ethiopia, EthSwitch. Per the agreement, EthSwitch will benefit from the opportunity to utilize the technology, expertise, collaborations and cyber intelligence solutions of MA. The collaboration with Mastercard will allow EthSwitch to bring about secure, fast, and seamless domestic and cross-border digital money transfers for Ethiopians....
News Ethiopia Economy: In Ethiopia: Upgrading Youth Skills to Advance the Digital Economy
In June 2021, the Ministry of Innovation and Technology of Ethiopia and the Internet Society announced a new agreement to help advance Ethiopia’s digital economy and drive economic transformation. The ...
News Ethiopia Economy: Africa: Opportunities and challenges of investing in Ghana and Ethiopia
Ghana has several opportunities for investors including abundant raw materials including gold, cocoa, and oil/gas It however faces several challenges that hinder foreign direct investment, among them ...
News Ethiopia Economy: In Ethiopia, Guinea and Mali, Fears Rise Over Losing Duty-Free Access to US Market
The U.S. market is our main destination,” said Abdella, who estimates it accounts for nearly two-thirds of sales for his Addis Ababa-based home decor and fashion company. “So, losing that put us in a ...
News Ethiopia Economy: Ethiopia’s new national dialogue can unify the divided nation
It was more than two months ago that Tigrayan rebels’ advance towards Addis Ababa, Ethiopia’s capital, made international headlines. Back then, the future looked bleak for the country. A bloody civil ...
