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Ethiopian Inflation Slowed to 32% in January; May Drop Below 10% by July

Ethiopia’s annual inflation rate dropped to 32 percent in January as food-price increases slowed, the Central Statistics Agency said.

The inflation rate dropped from 35.9 percent in December, the Addis Ababa-based agency said in an e-mailed statement today. Annual food inflation was 41.4 percent from 46.7 percent in December, while non-food inflation slowed to 19.2 percent from 21.8 percent, it said.

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Ethiopian Consumer Prices Climb 39.8% in October on Food

(Addis Ababa- Bloomberg) Ethiopian inflation was little changed at 39.8 percent in October, fueled by rising food prices, the statistics office said. The inflation rate eased from 40.1 percent in September, the Central Statistical Agency, based in the capital, Addis Ababa, said in an e-mailed statement today. Food prices surged 51.7 percent last month after [...]

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Karuturi to outsource Ethiopian land to Indian farmers

Karuturi Global, the city-based publicly-held floriculture major and one of the world’s largest exporter of roses which is aggressively rolling out an agriculture business venture in Ethiopia, is looking at outsourcing 20,000 hectares of farm land in the African nation to Indian farmers on a revenue-sharing basis. The company has leased 300,000 hectares in Gambela, [...]

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አንድ ዶላር በኻያ ብር ሊመነዘር ነው

አዲስ ነገር ኦንላይን ምንጮች በዚህ ሳምንት እንደገለጹት ብሔራዊ ባንክ በሚቀጥሉት ጥቂት ሳምንታት የብርን የአሜሪካ ዶላር የመግዛት አቅም በ15 በመቶ ያህል ለመቀነስ ተዘጋጅቷል፡፡ በዚህም በሰሞኑ መደበኛ የምንዛሬ ገበያ በአማካይ በብር 17.35 ሲገዛ የነበረው የአሜሪካን ዶላር በብር 20 ሊመነዘር ይችላል፡፡
የኢትዮጰያ መንግሥት በተለይ ካለፉት አራት ዓመታት ወዲህ እየተባባሰ የመጣውን የውጭ ምንዛሬ እጥረት ለመቅረፍ አልተቻለውም፡፡ ስለዚህም በዓለም አቀፉ ገበያ የዋጋ ተወዳዳሪነትን ይጨምራል፤ በዚህም የውጭ ምንዛሬ ክምችት ተያይዞ ያድጋል በሚል በተደጋጋሚ የብርን የመግዛት አቅም ማሽመድመድን ብቸኛው አማራጭ አድርጓል፡፡ ባለፈው ዓመት በተመሳሳይ በወሰደው እርምጃ የብርን የምንዛሬ ዋጋ በ20 በመቶ አውርዶት ነበር፡፡ ይኹንና የታሰበው የገቢ ንግድ ሳይጨምር የዋጋ ግሽበት ከነበረበት ከፍተኛ ምጣኔ እየገሰገሰ የኑሮ ውድነቱን አባብሶታል፡፡

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Manufacturing a famine: How Somalia crisis became a fund-raising opportunity

The UN agency further claimed that 3.7 million people across the country — almost half the total Somali population – were in danger of starving, of which 2.8 million were in the south. This declaration led to a massive multimillion-dollar fund-raising campaign by UN and international humanitarian agencies. Meanwhile, journalists began referring to the famine as a “biblical event.” By September, Time magazine was reporting that the famine had expanded and that a full 12.4 million people in Djibouti, Ethiopia, Eritrea, Kenya, Somalia and Uganda were at risk from hunger.

The magazine also stated that in southern Somalia, 63 per cent of the population was either starving or at risk of it.

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