Latest News - Business - Ethiopia

Private Messaging Service has been incorporated to 2merkato.com, and, the latest statistics from Google Analytics shows that there is a 75% growth in visits to the website and a 110% growth in page views compared to the start of 2009.

2Merkato can serve as a launch pad to start a business in Ethiopia because it attempts to answer the possible questions one asks before one starts business in Ethiopia.

eCom Advertising® announces the launch of its new website (www.2merkato.com) that has answers to questions that Ethiopian business community has about doing business in Ethiopia.

Prime Minister Meles Zenawi reaffirmed that Ethiopia's Renaissance is inevitable and the effort launched to realize Ethiopia's renaissance would be intensified.

The leading news this week was the rapid decline in the purchasing power of the Ethiopian Birr against the US Dollar. In just two weeks, the Ethiopian Birr declined against the US Dollar by as much as 11%.

Due to robust economic growth in Ethiopia during the last few years, workers in many sectors have been getting greater employment opportunities. Some sectors such as high technology and engineering sectors did much better than others.

As in many countries of the world, the Ethiopian real estate has been booming for much of this decade. In many areas, prices doubled and even tripled in a span of a few years. The highest appreciation in home prices occurred in the five-year period b