PANA Addis Ababa, Ethiopia – The Ethiopian currency, birr, weakened slightly Thursday after rising strongly against the US dollar and other major currencies on growing coffee export earnings, partly buoyed by additional funds from the International Monetary Fund (IMF). The Ethiopian birr shed off three basis points Thursday, to trade at 13.51 against...
ADDIS ABABA (Reuters) – Ethiopia's year-on-year inflation rate rose to 7.4 percent in May, up from 6.8 percent in April due to higher food, fuel and construction material prices, its statistics office said on Thursday. "Except for cereals, all the other food components have shown a rise in their indices," the Central Statistical...
Ethiopia is a case of classical one-man regime. Since the 2001 TPLF split, Prime Minister Meles has no power opponent or competitor – individual and/or group – within the ruling party. That the selectorate is considerably weaker than the man on top is a rather uncontroversial issue even among die-hard EPRDF supporters. This...
The International Finance Corporation (IFC) has announced that it has invested $5 mn in Ethiopia's gold mining sector through Nyota Minerals. The World Bank's private sector lender is investing in the explorations of Nyota for gold in Ethiopia and for nickel in Burundi. It is also looking at gold and platinum mining possibilities...
By Wondwossen Mezlekia June 3, 2010 The coffee trademark dispute between Starbucks and Ethiopia officially ended exactly three years ago. In June 2007, the giant coffee chain and the government of Ethiopia declared their agreement "to work together to license, distribute and market Ethiopia’s specialty coffees." Starbucks further promised, as part of the...
