Ethiopia's foreign exchange reserves in 2023 are only expected to cover 0.6 months, or 18 days, of international purchases, according to the International Monetary Fund (IMF).

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  Ethiopia's foreign exchange reserves in 2023 are only expected to cover 0.6 months, or 18 days, of international purchases, according to the International Monetary Fund (IMF). Ethiopia's foreign exchange reserves are only expected to cover 0.6 months or 18 days' worth of foreign purchases in 2022, according to the IMF's most recent report on global economic growth and status. It is also expected that this situation may deteriorate in 2023. Ethiopia's foreign exchange reserves in 2023 are only expected to cover 0.7 months, or 21 days, of international purchases, according to the International Monetary Fund (IMF) . Consequently, in the year According to the organization's projection, Ethiopia will only have enough foreign exchange reserves to cover purchases for 0.6 months. Ethiopia's average yearly foreign exchange reserves for the previous five years are shown by the same IMF statistics. In 2021, there were sufficient foreign exchange reserves to pay for
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Alibaba and Ermias Amlega's new e-commerce company, which is expected to take over Ethiopia's e-commerce, will be launched in the next six months


 

#Alibaba #ErmiasAmelga


Alibaba and Ermias Amlega's new e-commerce company, which is expected to take over Ethiopia's e-commerce, will be launched in the next six months, The Reporter reported.

The new e-commerce technology, developed by Jackma, owner of the Chinese company Alibaba and , Ermias Amlega, will be given a combination of the two.

The company is said to be aware of the availability of all commercial products in Ethiopia on internet technology and will enable internet purchase order, digital payment and delivery services.

The newspaper said it had confirmed that the new company had reached an agreement to provide Delivery Services for "OK" Express.

Sourch: The reporter 


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