Post Display – Africa Private Equity News

By PwC

In 2019, when the current government came into power, the Ethiopian birr was valued at around 30 ETB to 1 USD. Historically, Ethiopia’s currency had been fixed by the national bank, maintaining relative strength and stability compared to other African currencies. However, by July 2024, after several adjustments due to the COVID-19 pandemic, inflation, and a cost-of-living crisis, the ...

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PwC: Impact of the Ethiopian birr devaluation