The war in Ukraine could bring economies of poorest countries on brink of catastrophe

March 22, 2022

The impact of the war in Ukraine on food and fuel prices will weaken economies already battered by the COVID-19 pandemic and climate-related disasters.
We live in an interconnected world where the impact of missile strikes on a Ukrainian city can be felt as far away as in Ouagadougou, the capital of Burkina Faso in West Africa, through price hikes on a bag of wheat or at a fuel pump . . .

Focusing on export development, Ethiopia’s small businesses seeing success

August 18, 2020

Biruktawit Begashaw started her own export company, Qine Trading, five years ago. After working for another agricultural exporter in Addis Ababa for seven years, she was ready to branch out on her own.
And, like any business owner just starting out, getting customers at first was tough . . .

Ethiopia’s Manufacturing Exports Reaches $500 Million

July 15, 2022

The amount has grown by over 100 million US dollars as compared to the previous fiscal year.
The 500 million US dollars secured in the just concluded budget year is the highest annual revenue to date, said Industry Minister Melaku Alebel.
The performance was registered despite several challenges related to the COVID-19 pandemic, revocation of Ethiopia from AGOA, security, and forex, according to the ministry.