Ethiopia: Year on Year Inflation Reached 8.5 Percent
Central Statics Agency (CSA) reported Ethiopia’s year on year inflation has rose to 8.5 percent in March. In February the inflation rate was 7 percent.
Add a comment Add a commentCentral Statics Agency (CSA) reported Ethiopia’s year on year inflation has rose to 8.5 percent in March. In February the inflation rate was 7 percent.
Add a comment Add a commentPakistan banned all shipments of red kidney beans from Ethiopia. Pakistani Ministry of National Food Security and Research noted the decision was made following a concern over a “serious, destructive and virulent quarantine disease”, widely known as ‘Fusarium chlamydosporum’.
Add a comment Add a commentNational Bank of Ethiopia (NBE) has slightly amended its forex directive, which it promulgated a year ago. When the directive came out a year ago it was aimed to allocate and manage foreign exchange (forex) in a transparent and sound manner. The directive came to effect on March 20, 2017.
Add a comment Add a commentMugher Cement Factory, one of the cement factories in Ethiopia, earned 23.5 million Birr during the first 6 months of the current fiscal year. This was a mere 31 percent achievement of the target the factory set at the beginning of the fiscal year.
Add a comment Add a commentThe Norwegian Investment Fund for Developing Countries (Norfund) has made a USD 7.4 million investment in Verde Beef Processing PLC, an Ethiopian beef producer.
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