Ethiopian Premier League’s (EPL) newest club Mekele City FC (M City) announced the inclusion of three new foreign players to its squad on Wednesday. The three players joining Mekele include two Ghanaians and one from Equatorial Guinea.
Forex and power shortage
This year was particularly cruel to Ethiopia’s foreign trade sector. A diminishing global demand and price for Ethiopia’s primary export commodities destined for the international market has continued the sort of dry spell that Ethiopia’s foreign trade sector has been experiencing in the past three years. This has a direct impact on Ethiopia’s export earnings and hence it foreign currency reserve.