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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Prime Minister Abiy Ahmed

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Africa

Ethiopia eases forex curbs as it awaits crucial bailout

      By Aymeric Vincenot     Ethiopia said Monday it is easing foreign exchange curbs as part of a broader economic reform package, as the deeply-indebted nation awaits a multi-billion dollar bailout from international lenders. The value of the local currency, the birr, slid by around 30 percent against the dollar after the announcement of the measures by the central bank. "The reform introduces a competitive market-based determination […]

todayJuly 29, 2024 10

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Africa

Ethiopia looks to the Singapore model to lure startups in sweeping new reforms

    By Seth Onyango, bird story agency     Ethiopia has unveiled sweeping reforms to support a burgeoning startup industry and turn the country into a leading incubator of entrepreneurs. Notable changes include slashing a 30% capital-gains tax on the transfer and issuance of shares, according to Brook Taye, Director-General of the Ethiopian Capital Market Authority. The move, combined with an allowance for startups to retain all foreign currency […]

todayApril 16, 2024 8

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