Economy
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Birr depreciates by initial 30% as Ethiopia introduces market-based exchange regime
On Monday, Commercial Bank of Ethiopia reported a buying rate of 74 birr for 1USD, showing a 30% devaluation (Photo:…
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A plea for evidence-based and relevant monetary policy
The headquarters of the National Bank of Ethiopia (Photo: Capital Finance International) By Ayele Gelan (PhD) Addis Abeba – In pursuit of…
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NBE reports inflation rate drop to 19.9% in June 2024
Addis Abeba – The National Bank of Ethiopia (NBE) has reported that the country’s inflation rate has decreased to 19.9%…
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New VAT amendment sparks heated debate over taxing essential services
A public consultation regarding the proposed amendment to the Value Added Tax (VAT) proclamation, convened by parliament on 18 June,…
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Auditor General exposes rampant financial mismanagement, massive overdue receivables
On 18 June 18, 2024, Meseret Demisse, the head of the Office of the Federal Auditor General, presented a startling…
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Ethiopia eyes new tax reforms to power its near trillion-birr budget for upcoming fiscal year
Finance Minister Ahmed Shide (Photo: HoPR/Facebook) Addis Abeba – With the proposed federal budget nearing one trillion birr for the upcoming…
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Ethiopia faces fiscal strain due to instability, high humanitarian spending
Finance Minister Ahmed Shide (right) and state minister Eyob Tekalgn presented the ministry’s nine-month report on 22 May, 2024 (Photo:…
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Ethiopia’s economy poised for 7.9% growth in current fiscal year, reports Minister Fitsum Assefa
Fitsum Assefa, minister of planning and development (Photo: MoPD) Addis Ababa – Ethiopia’s economy is on track for robust 7.9% growth…
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