Tag Archives: national bank of ethiopia

NBE Governor seriously concerned by challenges inflation has posed and unsustainability of Ethiopia’s worsening trade imbalance

24 Mar

By Keffyalew Gebremedhin

In his report to parliament, the Governor of the National Bank of Ethiopia (NBE) Teklewold Atnafu on Thursday disclosed that Ethiopia’s inflationary situation has boxed the country into “not easily surmountable problem.”

He said measures being taken to narrow the worsening trade imbalance alongside efforts to stabilize the market against the backdrop of world prices instability have exacerbated the trade deficit problem. He indicated that the country’s inflation is basically dependent on commodities the country imports and exports.
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Ethiopia’s inflation numbers make a new turn around in upward direction

12 Mar

By Keffyalew Gebremedhin

The data released this afternoon by the Central Statistics Agency (CSA) indicates that year on year headline inflation rose to 36.3 percent in February 2012, compared to 32.0 percent in January 2012. Food inflation also rose to 47.4 percent from 41.4 percent in January and non-food inflation to 21.4 percent from 19.2 percent in January.
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Ethiopia exports less than half usual volume of coffee in two quarters

1 Feb

By Hadra Ahmed, Addis Fortune Staff Writer

Ethiopia’s flagship export item, coffee, has fallen into a troubling state of affairs after the nation’s exporters have failed to pack out even one fourth of the quantity expected to be sold in this fiscal year.
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