* 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 eight months to February compared with the same period a year earlier, helped by rising revenue from gold and oilseed sales, while earnings from coffee dropped, ministry of trade data... Read more
Posts Tagged ‘inflation’
Ethiopia export earnings rise 17 pct yr/yr in 8 months to Feb
March 27 | Posted by Ethiopiaforums | Business, Economy, Ethiopia, News, Uncategorized Tags: Economy, Ethiopian economy, Ethiopian inflation rate, export, inflation, inflation rate
Ethiopian Banks May Be Less Profitable as Deposit Growth Slows
January 18 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: Access, Access capital, Access Capital SC, bank, Capital, Economy, Ethiopia economy, Ethiopian economy, inflation, Profit(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 e-mailed research note on... 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: Access capital, Access Capital SC, Birr, Commercial Bank of Ethiopia, Economy, Ethio telecom, Ethiopian airlines, Ethiopian economy, Ethiopian Insurance Corp, Ethiopian Shipping Lines, EthioTelecom, inflation, Telecom(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 projects in the country,... Read more
Ethiopia: Annual Inflation Rate Falls to 35.9% in December
January 10 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: birr inflation, Ethiopia annual inflation, Ethiopia economy, Ethiopia inflation rate, Ethiopia's Inflation, Ethiopian inflation rate, inflation, inflation rateEthiopia’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 cost of some cereals... Read more
Ethiopia’s Inflation Falls to 39.2% from 39.8% in November
December 15 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: birr inflation, Ethiopia inflation rate, Ethiopia's Inflation, IMF, inflation, inflation rateThe 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 items such as fruits... 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: dam, Ethiopian dam, hydroelectric, inflation, meles, meles zenawi, Renaissance Dam, Zenawi(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.
Meles zenawi
Ethiopia said last month it...
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Ethiopia inflation up in Aug on food prices
September 13 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: birr inflation, Ethiopia inflation rate, Ethiopian inflation rate, food price in Ethiopia, inflation, inflation rate* 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 consumer price index. “The total... Read more
New $200 birr note, Ethiopian National Bank is studying to print
August 22 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: 200 birr, 200 birr note, 500 birr, Birr, birr inflation, Ethiopia economy, Ethiopia new birr, Ethiopian birr, Ethiopian inflation rate, inflation, New birrEthiopian 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 since their ATM customers... Read more
Food prices push Ethiopia inflation to 39 pct
August 9 | Posted by Ethiopiaforums | Economy, Ethiopia, News, Uncategorized Tags: Birr, birr inflation, Ethiopia inflation, Ethiopian economy, Ethiopian inflation rate, food price, inflation, inflation rate* 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 price index, jumped 47.4... 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: birr inflation, Ethiopia economy, Ethiopian inflation rate, food price, inflation, meles zenawi, Rising food priceEthiopia’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 after rising 40.7 percent... Read more
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