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... Read more »

Ethiopia: Annual Inflation Rate Falls to 35.9% in December

Ethiopia’s annual inflation rate dropped to 35.9 percent in December as some food costs declined, the Central Statistical Agency said. Inflation slowed from 39.2 percent in November, the agency... 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... Read more »

New $200 birr note, Ethiopian National Bank is studying to print

Ethiopian National Bank (NBC) is considering to print a $200 birr note according to a report. Sources that are close to the matter told to the Amharic news website... Read more »

Ethiopia Inflation Rate Climbs to 38.1% in June From Year Ago

Ethiopia’s inflation rate climbed to 38.1 percent in June from a year earlier as food costs increased and the central bank boosted the money supply. Inflation accelerated from 34.7... Read more »