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The economy of Ethiopia remained very traditional until the later 20th century, although Ethiopia—unlike most sub-Saharan countries—had maintained trade and contacts with the outside world for centuries. Since ancient times, Ethiopian traders exchanged gold, ivory, musk, and wild animal skins for salt and luxury goods, such as silk and ...
Commerce was traditionally based on two institutions: the local market found in every village (between peasants and local producers) and caravans of Arab and Ethiopian Muslims (typically long-distance trade). The caravans operated in a well-established pattern; large merchants who would make long journeys announced their day of departure.
Lacking a detailed history, the kingdom's fall has been attributed to a persistent drought, overgrazing, deforestation, a plague, a shift in trade routes that reduced the importance of the Red Sea—or a combination of all of these factors. Munro-Hay cites the Muslim historian Abu Ja'far al-Khwarazmi/Kharazmi (who wrote before 833 CE) as ...
Prior to the outbreak of the 1998–2000 Eritrean–Ethiopian War, landlocked Ethiopia mainly relied on the seaports of Asseb and Massawa in Eritrea for international trade. Ethiopian Airlines is the largest airline in Africa, and one of the highest grossing airlines in the world with a revenue over 5 billion USD.
Maritime trade continued through the Middle Ages, however this was no longer in the hands of the Ethiopian kingdom, but instead controlled by Muslim merchants. Beginning in the 8th century, a trade route to the Dahlak Archipelago was Ethiopia's link to the Red Sea, but a route between Shewa and Zeila came to prominence in the late 13th century.
The Confederation of Ethiopian Labor Unions (CELU) was an umbrella organization that represented a number of labor unions and employee self-help associations in Ethiopia. The Derg, the military junta which ruled Ethiopia at the time, banned the organization and replaced it with the All-Ethiopian Trade Union 8 January 1977.
5th-century gold coin of King Ezana.. Aksumite currency was coinage produced and used within the Kingdom of Aksum (or Axum) centered in present-day Ethiopia and Eritrea.Its mintages were issued and circulated from the reign of King Endubis around AD 270 until it began its decline in the first half of the 7th century where they started using Dinar along with most parts of the Middle East.
Coffee production in Ethiopia is a longstanding tradition which dates back dozens of centuries. Ethiopia is where Coffea arabica, the coffee plant, originates. [1] The plant is now grown in various parts of the world; Ethiopia itself accounts for around 17% of the global coffee market.