Inflation rates keep soaring
The year-on-year overall inflation rate for the past 12 months leading to May 2021 surged by 19.9 percent compared to what it has been a year ago, a report by Ethiopia’s Central Statistics Agency (CSA) indicated.
Platform tipped to move up to 50pc of GDP
tele-birr mobile money service is expected to develop into a platform that moves 40 to 50 percent of Ethiopia’s GDP within the next five years, ethio-telecom revealed.
New IMF allocation to boost Ethiopia’s international reserves by over 10%
Ethiopia’s gross international reserve, deposited in gold and dollar, is expected to increase by at least 10 percent from a new issuance of International Monetary Fund’s Special Drawing Rights (SDR).
Fuel fuels cost of living
A strong increase has been witnessed in the cost of living after the government adjusted the price of fuel by more than 10 percent, The Reporter has learnt.
Plan allots leading role in the economy to the Private sector
The private sector is expected to take a leading role in the economy over the coming decade, announced Plan and Development Commissioner Fitsum Assefa (Ph.D.) in a media briefing this week on core strategic pillars and key focus areas of the ten year economic plan.
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