By Kebour Ghenna Today I want to write one or two words about the surprise devaluation of the Birr. But first… Last week a dear reader from the government information office wrote to tell me how wrong I was to argue, that the Ethiopian ethnic based federal system has failed. Let me just say again,…
IMF Press Release No. 15/445 September 30, 2015On September 21, 2015, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Ethiopia.Ethiopia’s recent macroeconomic performance has continued to be strong overall, though with some rising domestic and external vulnerabilities. Economic growth in 2014/15 was buoyant (at an estimated 8.7 percent), supported by booming…
By Roel van der Veen, for Addis Standard Development in the non-Western world In the 1870s Japanese public intellectual Yukichi Fukuzawa shocked his audience by stating that he thought Japan should leave poor Asia and join the modern world. Japan in those days was going through a phase of rapid change, which would eventually lead…
Why it’s time for East Africa’s big success story to change the way it does business. BY ROBERT LOONEY, Foreign Policy Just over 30 years ago, Ethiopia’s famine regularly made the news. Gruesome accounts of up to a million deaths stemming from drought and civil war captured the attention of aid agencies, sympathetic governments, and humanitarian groups…
By Lerato Mbele BBC Africa Business Report, Addis Ababa Whenever we set up our camera and flapped open our sun reflectors in Ethiopia’s capital, Addis Ababa, passers-by became curious and eager to help. But getting them to talk on camera was another matter as in general residents of the city are reticent and keep their views to…