Ethiopia’s central bank recently implemented a flexible exchange rate policy, leading to a 30% devaluation of the birr. This float has triggered two distinct behaviors among businesses: one group is capitalizing on the new exchange rate to boost sales and replenish inventory, while another is hoarding goods in anticipation of price increases.

The tech industry, particularly sectors such as content creation and software development that frequently engage in the global market, can benefit from the currency devaluation.

This article examines the devaluation's effects on startups in tech, manufacturing, and commodity exports, and explores strategies to navigate these economic shifts.

⚡️ Read more on this here: 👇🏽
https://blog.siltawi.com/post/will-devaluation-make-or-break-ethiopian-startups/
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