Ethiopia's coffee exports reached USD 716.35 million during the first eight months of the current fiscal year, according to the Ethiopian Coffee and Tea Authority. This represents 67% of the initial target of USD 1 billion in revenue from coffee exports within the same timeframe.
Ethiopian Coffee and Tea Authority reported strong coffee production and export figures for the first nine months of the 2016 fiscal year. Over 174,596 tons of coffee were exported, generating revenue of USD 835,230,000.
Ethiopia exported 43,481.02 tons of coffee in May this year, exceeding its target by 105%. The export was accompanied by a revenue increase, generating USD 209.54 million, which surpassed the planned income by 107%.
Ethiopia's Construction & Business Bank posted a net profit of 110 million Ethiopian birr in the 2012/13 Ethiopian Fiscal Year.
The Bank has also earned a total income of 488.1 million birr, surpassing the previous year's earning by 46.5 million birr.
Ethiopia's consumer price rose to 8 percent in July up from 7.4 percent in June, Fortune reported citing the latest Consumer Price Index released by the Central Statistical Agency.
The year-on-year food inflation in July was 5.8 percent from 3.7 percent in June, while non-food inflation was 10.5 percent in July from 11.9 percent in June.
