Turkish Company Saygin Sees Annual Sales of $100 Million From Ethiopia

Bloomberg: Saygin Group of Turkey said its Ethiopian subsidiary may generate $100 million in revenue a year from textile manufacturing, amid plans by the Horn of Africa country to boost the industry’s... Read more »

Ethiopia export earnings rise 17 pct yr/yr in 8 months to Feb

* Earnings hit $1.87 bln, up from $1.6 bln * Gold, oil seeds rise, coffee revenue down 7.9 pct ADDIS ABABA, March 27 (Reuters) – Ethiopia’s export earnings rose 16.6 percent in the... Read more »

Ethiopian Banks May Be Less Profitable as Deposit Growth Slows

(Bloomberg) — Ethiopian banks may become less profitable this year as deposit growth slows and because of a law that requires lenders to buy government securities, Access Capital SC said. Returns on... Read more »

Ethiopia Can Get $7.6 Billion by Selling Ethiopian Airlines and 4 More Companies

(Bloomberg)  Ethiopia’s government would raise 132 billion birr ($7.6 billion) if it sold the country’s five biggest state-owned companies to private investors, Access Capital SC said. The sale of Ethiopian Airlines Enterprises,... Read more »

Ethiopia’s ‘Distorted’ Monetary Plan Needs Reform, IMF Says

(Bloomberg) — Ethiopia’s “highly distorted” monetary policy requires urgent reorganization because it is stunting growth and undermining macroeconomic stability, the International Monetary Fund said. The Horn of Africa country’s five-year economic-development plan... Read more »

Ethiopia’s foreign direct investment declines

Ethiopia’s foreign direct investment (FDI) continued on a downward spiral last year with the Horn of Africa country receiving just US$184 million in investment. According to the 2011 World Investment report released... Read more »

Ethiopia food prices spike after govt intervention. Food becomes unaffordable for many

ADDIS ABABA, Ethiopia (AP) — When Ethiopia’s government imposed price controls in January to combat the spiraling cost of staples like meat, cooking oil and bread, butcher Wabe Habse had a long... Read more »

Ethiopian Annual Inflation Rate Increased to 34.7% in May

June 13 (Bloomberg) — Ethiopia’s annual inflation rate climbed to 34.7 percent in May as food prices surged, the Central Statistical Agency said. Inflation accelerated from 25.6 percent in the previous month,... Read more »
Hailemariam Desalegn

Ethiopian Economic Growth to Beat IMF Forecast, Deputy Prime Minister Says

Ethiopia’s deputy prime minister, Hailemariam Desalegn, dismissed forecasts that economic growth would slow sharply this year and next and that monetary policy was pushing up inflation, saying growth may exceed 10 percent.... Read more »

Ethiopia- Flower earnings may surge by 2016: Growers

ADDIS ABABA (Reuters) – Ethiopia’s income from horticulture exports is expected to more than triple to $550 million in five years due to rising investment, the head of a growers’ association said... Read more »