Business and economy

  • [new] List of the 13th Round 20/80 and 40/60 Condominium Winners in Addis Ababa Ethiopia

    The Addis Ababa city administration has announced the list of the 13th round condominium winners on March 2019. The list contains 51,229 houses. Specifically, there are 32,653 winners for the 20/80 and 18,576 winners for the 40/60 condominiums. The winner selection program was held at InterContinental hotel, Addis Ababa. 

    Here are the lists for all the winners of the 20/80 and 40/60 condominiums. The list contains Studio bed room houses, one bed room houses, two bed room houses and three bedroom houses for both the 20/80 and the 40/60 condominiums.

     

    You can also download the Full list of all the winners in zip file.

     

     

     

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  • Ethiopian currency "Birr" devalues by 15%

    The National Bank of Ethiopia announces that the current currency of Ethiopia which is know as Birr has lost its value by 15% against foreign currencies the Ethiopian government made this Currency devaluations on October 11 2017 with an intention to boost export. 

                                                

     

    Many experts say that devaluations can be used by countries to achieve specific economic policies. The main benefits of having a weaker currency relative to the rest of the world is to boost exports, shrink trade deficits and reduce the cost of interest payments on its outstanding government debts. 

    However on the other side there is a risk that things might not work as planned because of the devaluation negative effects some of the most common dangers of weakening a currency include: Unstable market price, Loss of trust on the government and there would also be the currency and potential blowback the country will face from both domestic and international markets.

    Even though the government says actions will be taken to stabilize the prices of commodities most of the citizens of Ethiopia are not happy with the currency devaluation as there would be rapid increment on the price of things which are exported from foreign countries.

    Will this devaluation really favors Ethiopia? this would be the question which most of Ethiopians are eager to know about.

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