The NBE Governor’s False Alarm

On March 19th, the National Bank of Ethiopia (NBE) Governor, Yinager Dessie,  presented  eight months review of Ethiopia’s 2011 budget to the house of representatives.  In that report he spotlighted Ethiopia’s miserably low foreign exchange reserve.  In his attempt to stress the seriousness of the matter, he specifically stated that:  Read more…

Tax Can be a Double-Edged Sword

Ms. Adanech Abeebee, Ethiopia’s Minister of Revenues, is perhaps the busiest among PM Abiy’s cabinet members. Ethiopian authorities seem to be determined to strengthen domestic resource mobilization by improving tax collection and administration efficiency. The renewed emphasis on domestic resource mobilization and self-reliance in public finance can have far reaching Read more…