Birr Metrics - Business and Financial News on Ethiopia's Dynamic Business Ecosystem

Ethiopia Swears in New President

Taye Atske Selassie was sworn in today as Ethiopia’s new President, replacing Sahlework Zewde whose term has come to an end. The new head of state brings with him decades of experience in diplomacy and international relations. Taye most recently served as Foreign Minister since February 2024, spearheading Ethiopia’s engagement with other nations. Prior to […]

Ethiopia Caps Forex Spreads at 2% to Curb High Bank Margins

EU Proposes Deforestation Law Delay Amid Global Preparedness Concerns

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Central Bank Launches New Online Platform for Foreign Exchange Management

Ethiopia Raises Fuel Prices as Oil Costs Rise

IMF to Decide on $345M for Ethiopia’s Reforms at Key Mid-October Meeting

Ethiopia Grants Licenses to Five New Forex Bureaus

City Glows but Questions Linger

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The Slow Fade of the Lada

Tax Tsunami Threatens Beverage Industry’s Bottom Lines

Burgeoning Tax Burden Strains Residents, Businesses

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Birrmetrics Magazine- Vol.1- Edition 6

Birrmetrics’ September 2024 edition is now available. This issue provides a timely examination of Ethiopia’s recent shift to a floating exchange rate for its currency, the birr. As of July, the country moved away from pegging the birr to a basket of currencies. Birrmetrics’ journalists delve into the short- and long-term implications of this monumental monetary policy change. Their analysis considers effects on inflation, commodity markets, trade, and more.