One Year On, Is Ethiopia’s Economic Reform Working? - InsideBusiness - Business News in Nigeria

One Year On, Is Ethiopia’s Economic Reform Working? - InsideBusiness - Business News in Nigeria

At Merkato, the sprawling commercial heart of Addis Ababa, in Ethiopia, traders have grown used to disappointment. For years, securing hard currency through official channels was an exercise in futility. Kalid Mohammed, a textile importer, had stopped trying altogether. “You’d fill out forms, wait weeks, and hear nothing back,” he says. So when he applied in May for dollars equivalent to two to four million birr, he expected more of the same. In…