Ethiopia’s central bank announced on Monday that it was easing curbs on its foreign exchange regime, a move which saw the value of the local currency slide by about 30 percent. The major reform was ...

This is an archived article and the information in the article may be outdated.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 ...

(Bloomberg) -- Trading in Ethiopia’s currency has almost evaporated in the parallel market, with residents hoarding dollars on expectations that the birr will weaken further after the government ...

Prime Minister Abiy Ahmed’s government has unveiled sweeping changes to Ethiopia’s foreign currency rules, aiming to attract investment after nearly 18 months of strict controls. The move comes as ...

Add Yahoo as a preferred source to see more of our stories on Google. ADDIS ABABA — Last month, in a post on X (formerly Twitter), I made an open offer. I called for anyone to send me a private ...

Cooling inflation and reduced exchange rate volatility in Ethiopia has handed Safaricom some respite as it eyes turning a profit in the market by March next year.The lower consumer price index and ...

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 ...