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
- Yango Group Inaugurates a New Regional Office in Abidjan to Support its Growth in Africa
- ST Digital to inaugurate its datacenter in Ivory Coast: focus on African digital sovereignty
- BAD: Before packing up, Adesina promotes in a flurry
- Mohammed VI, Throne Day: “Morocco joins the category of countries with high human development”
- Burkina Faso: Financing of 3,935,742,000 FCFA for the solar power plant in Dédougou
- Senegal: 10.2% increase in total resources mobilized by the State in the first quarter of 2025
- Guinea Bissau: Public Treasury raises 13.750 billion XOF on the UEMOA financial market
- Ecobank’s operating ratio falls below 50%: a first in ten years
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