Posts Tagged ‘inflation’

Ethiopian Banks May Be Less Profitable as Deposit Growth Slows

January 18 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , , , , , ,

(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 equity are expected to be about 20 percent in coming years, compared with more than 30 percent previously, the Addis Ababa-based group said in an... Read more

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

January 12 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , , , , , , , , ,

(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, sub-Saharan Africa’s second-biggest carrier, Ethiopian Shipping Lines, Ethio Telecom, the Ethiopian Insurance Corp. and Commercial Bank of Ethiopia would generate funds needed to finance infrastructure... Read more

Ethiopia: Annual Inflation Rate Falls to 35.9% in December

January 10 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , , , ,

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 said in an e-mailed statement today from Addis Ababa, the capital. Prices rose 1.7 percent in the month, while food prices climbed 0.2 percent from November, even as the... Read more

Ethiopia’s Inflation Falls to 39.2% from 39.8% in November

December 15 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , ,

The Ethiopian year-on-year inflation rate for November lowered to 39.2% from 39.8% in October according to official data released this week. Consumer prices fell by 0.3% as compared to October, showing a decrease for the first time in nine months. Inflation for food items lowered from 51.7% in October to 50.3% in November. Price pressure particular eased for... Read more

Meles Zenawi Says Global Concerns Over Hydro Plan Won’t Hurt Funding

October 10 | Posted by Ethiopiaforums | Ethiopia, Meles Zenawi, News, Nile, Uncategorized Tags: , , , , , , ,

(Bloomberg) — Ethiopian Prime Minister Meles Zenawi said he doesn’t expect international concerns over the country’s hydroelectric program to hurt financing plans. “Because we are funding most of our projects from our own resources, it should not affect it,” Zenawi said today in an interview in Oslo.
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Ethiopia inflation up in Aug on food prices

September 13 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , ,

* Inflation pushed higher by rising cereal prices * High inflation a problem in region By Aaron Maasho ADDIS ABABA, Sept 13 (Reuters) – Ethiopia’s year-on-year inflation jumped to 40.6 percent in August from 39.2 percent a month before as food prices rose, especially for cereals, the statistics office said on Tuesday. Food prices account for 57 percent of the... Read more

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

August 22 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , , , , , , ,

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 Ethiopianreporter.com, the pressure is getting high to have a 200 birr note in the market. Some private banks already requested the National bank to print a bigger value notes... Read more

 Food prices push Ethiopia inflation  to 39 pct

August 9 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , , , ,

* July food costs up 47.4 pct yr/yr * Alcohol and tobacco, transport also climb ( ADDIS ABABA Aug 8 (Reuters) – Consumer prices in Ethiopia jumped 39.2 percent in July from a year earlier, mainly driven by a surge in food costs, the statistics office said on Monday. Food prices, which account for 57 percent of the consumer... Read more

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

July 13 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Politics, Uncategorized Tags: , , , , , ,

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 percent in May, the Central Statistical Agency, based in the capital, Addis Ababa, said in an e-mailed statement today. Food prices surged 45.3 percent in June... Read more

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

June 21 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: , , , , ,

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 line of customers, but could barely make a profit. Now, after price controls were dropped earlier this month, Wabe is still not... Read more

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