Price instability rocks Ethiopia as it reels from foreign exchange rate reforms

ADDIS ABABA, Ethiopia (AP) — The prices on the menu have been erased at a small hotel in a suburb of Ethiopia's capital. That was no mistake, the waiters said, as businesses in Addis Ababa struggle to keep up with spiraling inflation since the government implemented a flexible...

Ethiopia's currency dives by 30% as IMF-backed reforms to stabilize the economy take effect

ADDIS ABABA, Ethiopia (AP) — Ethiopia's currency lost 30% of its value Tuesday, the day after the central bank began implementing a flexible exchange rate policy backed by the International Monetary Fund as part of new measures to stabilize the eastern African nation's economy. ...

Death toll in southern Ethiopia mudslides rises to at least 146 as search operations continue

ADDIS ABABA, Ethiopia (AP) — Death toll in southern Ethiopia mudslides rises to at least 146 as search operations continue.