Ethiopia news

Ethiopia: Devaluing Birr – At Whose Cost?

Amidst its successive achievements in economic growth, Ethiopia last devalued its currency in 2010 by 17%. Meanwhile, the value of the Birr against the dollar and other international currencies has also been depreciating from time to time, as per a floating exchange rate…Read more: (allafrica.com)

Ethiopia: Another T-TPLF White Elephant for Sale?

The T-TPLF  (Thugtatorship of the Tigrean People’s Liberation Front) last week announced that the “Ethiopian Railway Corporation” (“ERC”) is drowning in an ocean of debt…Read more: (nazret.com)

Ethiopian shoe designer hopes for repeat success with coffee 

“I wanted to do something that would give me job opportunities myself and the people around me,” Alemu said. “I immediately thought ‘I have to start a small business!'”…Read more: (money.cnn.com) 

The ‘Gateway to Hell’ is CRACKING: NASA images reveal new fissures and unexplained rise is lave levels near the 100 year old lava lakes of Ethiopia’s Etra Ale volcano

It is known as the ‘smoking mountain’ and the ‘gateway to hell’…Read more: (dailymail.co.uk)

Ethiopia’s Sugar Revolution Has Attracted A New Investor: Aliko Dangote 

Aliko Dangote, CEO of Nigeria’s massive Dangote Group, said he wants to diversify his investments in Ethiopia, and he’s looking at sugar production…Read more: (afkinsider.com)

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