New Business Ethiopia

BY ANDUALEM SISAY GESSESSE – Unlike other coffee producing African countries, such as Uganda, and Burundi, more than half of Ethiopia’s coffee production is consumed locally. No matter how poor a family is coffee will be served at least once in a day in most of Ethiopia’s rural community.

By Tesfu Telahoun Abebe – Third world economies frequently operate on what seems like a parallel level to established and emerging markets. This situation is frequently cited as being a major determining factor for why so few developing countries gain acceptance to the WTO.

The government has secured 85.629 billion birr (around $3.1 billion) external financing in the first six months of its current fiscal year started July 8, 2028.

Last month the International Monetary Fund (IMF) has reflected its opinion on the past, current and future of Ethiopian economy.

Though the Government of Ethiopia is likely to continue its developmental state model, the country is signaling tactic shifts which includes from public to private activities, from capital to current spending, and from debt to equity, a new report reveals.

The reformist Prime Minister of Ethiopia, Dr. Abiy Ahmed proposed the establishment of Ethiopian diaspora trust fund calling on Ethiopians living abroad to contribute a dollar a day.

Ethiopia will experience a resurgence in inflation over 2017 as food insecurity increases on the back of erratic rainfall, says new report by BMI. Strong money supply growth will also drive inflationary pressures upwards over the year ahead.