23 March 2020 -  Ethiopia’s economy experienced an increase in prices after the spread of COVID-19 (novel coronavirus). The costs of healthcare and consumer goods have gone up. As countries shut their borders to prevent the further spread of the virus, Prime Minister of Ethiopia, Abiy Ahmed, said that the country’s dependence on imported goods will only lead to costs rising further. Read more


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Economic Facts

  • The continent of Africa is home to a plethora of UNESCO certified world heritage sites. Ethiopia has the second-most number of sites: Nine, ranking after South Africa’s ten. These contribute massively towards the economy in the tourism sector. The country is expecting around 2.5 million tourists in 2020, many of whom will visit these cultural and natural landmarks. Check minimum wage in Ethiopia!
  • Do you like drinking coffee? The first cup of coffee originated in Ethiopia and ended up becoming a global phenomenon, and now a part of people’s daily routine. The coffee industry plays an important role in the economy of Ethiopia, which is the largest coffee producer in Africa and the fifth-largest in the world. It has been estimated that approximately 400,000 hectares of area of the nation is only used for coffee cultivation and supports the livelihood of millions of people. Check your salary and keep drinking coffee!
  • An anomaly in the region, Ethiopia is one of the only two African nations to have never been completely under the rule of a colonising country. It is a point of great pride for the people of Ethiopia.  Labour Laws in Ethiopia