Ethiopia’s central bank has revealed the recent devaluation of the birr has been an attempt to secure funding from the International Monetary Fund (IMF). The process involved loosening the tight restrictions imposed on the foreign currency market, which is key in getting IMF funding. “The reform introduces a competitive market-based determination of the exchange rate…...
Trending
- Burkina: The Public Treasury raises 16.762 billion CFA francs on the UEMOA financial market
- Senegal: BNDE injects around 4.9 million USD into sustainable construction
- Amir Ben Yahmed: “AFIS 2025 is part of a logic of African financial power”
- Senegal: public procurement reaches $4.7 billion in 2023
- Luanda 2025: Africa takes back control of financing its infrastructure
- Edoh Kossi Amenounvé: “Sustainable finance is a strategic lever to accelerate African growth”
- Financial Afrik’s Great Debate: The Dollar Under Question
- DRC-Turkey: Trade volume expected to exceed $200 million in 2025
Ethiopia devalues the Birr to secure IMF funding
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com