Central Statistical Agency said yesterday that Ethiopia’s inflation rate hit to 38.1 percent in June up from 34.7 percent the previous month driven by higher food prices a rise in the prices of wheat, maize, barley, meat and potatoes among other items. 
Food prices rose to 45.3 percent in June after rising 40.7 percent in the May, according to the agency.
Income from the export of Ethiopia’s staple food, the injera bread, rose to 350,000 dollars to 400,000 dollars a month.
Five years ago the monthly revenue from injera was 10,000 dollars, according to the Ministry of Industry. The ministry expects that the revenue from the export of injera around the world will rise to five million dollars during the current fiscal year.
The United States is the major importer of injera followed by Europe and the Middle East.
The 11th Innovation Africa Digital Summit opens yesterday March 19, 2013 in Addis Ababa, Ethiopia. This years event has drawn participants from diverse fields including, ministers, policy makers, regulators, service providers, end users, finance companies and international agencies, among others.
The Summit is convened to discuss the need to create sustainable national and international growth and development of the African Telecoms and information communication technology ecosystem.The theme of the summit is “National Broadband Strategies and Agendas: Acceleration and Alignment”.
A Memorandum of Understanding on input sales system implementation was signed between Agricultural Transformation Agency (ATA) and Commercial Bank of Ethiopia, Ministry of Agriculture, Amhara Credit and Saving Institution, Amhara Cooperative Promotion Agency and Amhara Agriculture Bureau.
The Institute of Ethiopian Standards (IES) has called on all products subject to mandatory standards to display the national standard mark, reinforcing quality assurance and consumer protection efforts.
