2merkato

Ethiopia’s inflation rate rose to 9.4 percent compared with last year in May from 9.3 percent the previous month, said Central Statistics Agency on Thursday, June 4, 2015.

Ethiopia’s Central Statistics Agency (CSA) disclosed the nation’s inflation rate has rose from 7.1 percent to 7.7 percent year-on-year in the month of January when compared to month previous year.

Ethiopia’s Central Statistics Agency (CSA) revealed the nation’s inflation rate fell from 8.7 to 8.5 percent in the year.This is attributed to the slowing rise in food prices.

The IT Park project in Ethiopia is expected to create 300 thousand jobs when it is completed said the Ministry of Information and Communication Technology.

The project aims to enhance the quick growth of micro enterprises as well as benefiting companies in its vicinity to support the development of research institutes and creating trade relations and transfer of technology explained Beker Seid, Public Relations Officer with the Ministry.

It is also expected that the project will create favorable conditions to allow domestic companies to become competitive on the international markets he said.

The Ministry of Trade and Regional Integration (MoTRI) recently announced an upturn in livestock exports during the initial five months of the current fiscal year, surpassing the corresponding period of the previous year by 72,000.