Mastewal Getachew

Proud Ethiopian 🇪🇹

[Mastewal Getachew @Mastewal01]

Addis Ababa morning vibe #ethiopia #AddisAbaba

[Zemedeneh Negatu @Zemedeneh]

A huge achievement by #Ethiopia and #Nigeria - Africa’s 2 most populous countries and amongst the 5 largest GDPs on the continent.

The co-investment by EIH - Africa’s largest Sovereign Wealth Fund - and Alhaji Aliko Dangote - the largest pan-African investor - is a great model for inter-Africa FDI on a mega scale

The investment addresses Africa’s food self-sufficiency goal.

BIG congratulations!!

[Zemedeneh Negatu @Zemedeneh]

Ethiopia: My view about the Birr exchange rate and FX availability.

A year ago the Birr (Ethiopia’s currency) was devalued and the exchange rate was allowed to be determined by the market, with the NBE (the central bank) playing a key role.

Since then numerous financial sector and other reforms have been implemented which contributed to a historic record level of foreign currency reserves held by the NBE.

As a reference, since the devaluation, the Birr’s official exchange rate vs. the parallel market had stayed within a reasonable and expected narrow band of 10% to 15% with the exception of the distortion noted the past couple of weeks. The distortion is now being addressed following recent measures taken by the NBE including a large $150 million auction this week, crackdown on FX distorting players, hassle-free FX access of up to $10,000 for individual travelers and $15,000 for businesses, etc.

Furthermore, commercial banks are now providing up to $500 million per month ($6 billion/per year) combined to their customers, a record amount and a big increase from just the past year.

With record exports in the FY ended July 7 2025 (which is expected to increase this year) and total record FX inflows of $32 billion (also expected to grow this year), there will be significantly enhanced FX availability to boost market confidence.

And if the FX allocation is done efficiently and transparently by all key players (monitored by NBE), and the macro-economic environment continues to improve as planned, the Birr exchange rate will stabilize within a narrow band that results in real growth focused economic activity (IMF is forecasting the economy will grow by an average of over 7% annually the next four years up to 2029, the government is forecasting more than 8.5%, either figure will result in very strong GDP growth, and is about 2X SSA’s average).

It’s important to acknowledge that challenges remain and that’s why the economic reforms must continue without wavering despite short-term pressure on the overall economy and the average person.

Because Ethiopia introduced sweeping economic reforms under the “Home Grown Economic Reform” I and II prior to the devaluation, the currency reform rollout has been more successful compared to others who didn’t do full reforms prior to devaluation.

For instance, in May 2023, Nigeria devalued the Naira from 460 to 1 USD to 746, to bring it in-line with the parallel market. However, because broader economic reforms (amongst other factors) didn’t precede the devaluation, the exchange rate has now increased to Naira 1,545 to $1 USD, a 235% loss in value. Note: Nigeria has subsequently (since devaluation) taken many commendable economic reform measures which are starting to show postive results on the economy but the pressure on the exchange rate has already been embedded despite a $40 billion reserve and a large FX generating oil export sector. Lesson: Do reforms and pre-preparations prior to devaluations.

[DANIEL HAILU ENDALE @danhailuend]

ሥራ የድህነትን ቀንበር ይሰብራል!

በቦሌ ቃለ ህይወት ቤተክርስቲያን
በ Salt & Light ፕሮግራም ላይ
በተዘጋጀው የወጣቶች የመማማሪያ እና የሥራ ልምድ ማካፈያ ዝግጅት ተጋብዤ የሥራ እና የህይወት ልምዴን ለወጣቶች አካፍያለሁ።
በዛው ሥራ እንዴት ቀፍድዶ ይዞኝ የነበረውን የድህነት ቀንበር እንደሰበረልኝ
ተናገርኩ ።
በእርግጥ ሥራ የድህነትን ቀንበር ይሰብራል!

[Mastewal Getachew @Mastewal01]

@EliasMeseret Welcome back

[Mastewal Getachew @Mastewal01]

@AbiyAhmedAli #BRICSSummit2023
Congratulations 🎉🎈 🇪🇹Ethiopian
Opportunities
1 Deteriorating relations with western power
2 alternative growth frontier
3 negotiation over finance
4 non-interference policy
5 and new friends for our PM
@NatnaelMekonne7 @seyoum_teshome @PMEthiopia @BilleneSe

[Billene ቢልለኔ Aster Seyoum @BilleneSeyoum]

Great news this morning as #Ethiopia joins the BRICS group vying for a global governance that is more equitable and inclusive!!

🇪🇹 #ChooseUnity for bigger things that this nation is destined for!!!

[Abebe Chekol @AbebeAbebayehu]

"ሁልጊዜ ደስ ይበላችሁ፤ ሳታቋርጡ ጸልዩ፤ በሁሉ አመስግኑ፤ ...ከማናቸውም ዓይነት ክፉ ነገር ራቁ።"
የተባረከ ሳምንት ይሁንልን! #Ethiopia

[Mastewal Getachew @Mastewal01]

@flyethiopian Maldives 🇲🇻

[Abiy Ahmed Ali 🇪🇹 @AbiyAhmedAli]

እንኳን ለዐቢይ ጾም አደረሳችሁ
የጾሙ ወቅት ጽንፈኝነትና ዳተኝነት የሚረቱበት፤ ፍቅርና መተሳሰብ የሚበረቱበት፤ መለያየትና መነቃቀፍ ድል የሚሆኑበት፣ መረዳዳትና መደጋገፍ የሚሠለጥኑበት እንዲሆን ምኞቴ ነው። 1/2

[Mastewal Getachew @Mastewal01]

@sanusi90064 Shukren brother 🇳🇪

[Mastewal Getachew @Mastewal01]

@AbiyAhmedAli “ጀግና ሕዝብ - በቀኝ እጁ ድልን የሚጨብጥ፣ በግራ እጁ ይቅርታና ምህረትን የሚቸር ነው!” @AbiyAhmedAli #NoMore this is a sign of True leadership👏

[Mastewal Getachew @Mastewal01]

@MarcusCooks @MayaMayahaile @MarcusCooks 👏 great job!
Can you please join us the #NoMore movement!!
#EthiopiaPrevails #NoMoreNeocolonialism

[Futurical @Futurical]

I am, extremely disappointed. How did this South African afrophobe @nhlanhla_lux_ end up in a red carpet in Ethiopia? Why did they not do due diligence? How can you entertain someone who is persecuting fellow blacks in South Africa? Get serious, @mfaethiopia @AbiyAhmedAli #NoMore

[Mastewal Getachew @Mastewal01]

@ethiotelecom 3

[Natnael Mekonnen @NatnaelMekonne7]

መድረኩን ከሚያሳዩ ከሚመሩት መሀል አንዷ ልጅ ጫማዋ ይወልቃል በዛው ቅጽፈት ጠሚ @AbiyAhmedAli ወደ መድረኩ ተጠተው እየመጡ ነው ልጅቷ ደንግጣ አንድ እግር ጫማዋን ትታው ትሄዳለች ጠሚ አብይ ወደ ተጠሩበት መድረክ ላይ ሲደርሱ ያደረጉትን ተመልከቱ

[Sultan Ibrahim Abagissa @Sultan_Abagissa]

የሩሲያው RT-Russia የደረሰውን ኢ- ሰብዓዊ ድርጊት ግልጥልጥ አድርጎ ለዓለም ህዝብ ዘግቧል። በአስቸጋሪ ወቅት ድምፅ ሆኖልናል።
#NoMore

[Mastewal Getachew @Mastewal01]

@ethiotelecom 4

[Mastewal Getachew @Mastewal01]

@AbiyAhmedAli @AbiyAhmedAli we respect the government’s decision!. #NoMore #EthiopiaPrevails