The Industrial Parks Development Corporation (IPDC) reported that it had attracted USD 300 million in investments and generated over USD 26 million in export revenue in the first quarter of the 2024/25 fiscal year.
Minister of Industry Ato Melaku Alebel reported a 10.1% growth in the sector over the past ten months. In a performance review presented to Prime Minister Abiy Ahmed this growth surge is attributed in large part to the Ethiopia Tamrit Movement, a program focused on promoting domestic production and reducing reliance on imports.
Ethiopia’s inflation rate edged lower to 11.8 percent in a year to October from 11.9 percent in September, 2015, according to the Statistics Agency report on Monday November 9, 2015.
Ethiopia’s year on year inflation rate has dropped for a third month in a row compared to 29.9 pc in April to 25.5 pc in May owing to the ease in food prices, according to the Central Statistics Agency on Tuesday. It has fallen from 36.3 pc in February.
Food inflation declined to 29.2 pc in May from 36 pc in April while non-food inflation remains fixed at 19.6 pc, the Central Statistics Agency said.
Many of the poorest African countries including Ethiopia have been affected by upsurge of oil prices and poor crop harvest which in turn induced double digit inflation rates.
Source: Reuters
Ethiopia’s annual inflation rate has lowered to 34.5 percent in January of 2022, from 35.1 percent in December which was Ethiopia's highest inflation rate since February 2012.
