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Ethiopia's Devaluation Leads to Food Price Hikes

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BY NEW BUSINESS ETHIOPIA REPORTER

The devaluation of Ethiopian Currency against dollar and other currencies by 20 percent this week led to the increment of food prices in some hotels in Addis Ababa, our reporters witnessed.

Last Updated on Saturday, 04 September 2010 06:46 Read more...

Devaluation Boosts Foreign Currency Inflow to Ethiopia – NBE

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BY NEW BUSINESS ETHIOPIA REPORTER

The National Bank of Ethiopia (NBE), which devaluated value of birr against major international currency by 20 percent this week, indicated that its latest action will result in increasing the country’s foreign currency.

Last Updated on Friday, 03 September 2010 14:13 Read more...

Ethiopia Devaluates its Currency by 20 Percent

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BY NEW BUSINESS ETHIOPIA REPORTER

The National Bank of Ethiopia (NBE)  announced today that it has devaluated the national currency of the country (birr) against major international currencies by about 20 percent.

Last Updated on Wednesday, 01 September 2010 08:24 Read more...

Ethiopia Launches Tourism Development Policy

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BY NEW BUSINESS ETHIOPIA REPORTER
Ethiopia whose share of tourist flow to the East African Region of seventeen countries was at less than one percent in 2007 launched its first tourism development policy to reverse the situation.

Last Updated on Tuesday, 31 August 2010 14:52 Read more...

EIC to Open Branch in Juba, South Sudan

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BY NEW BUSINESS ETHIOPIA REPORTER

Expanding its marketing, the state-owned Ethiopian Insurance Company (EIC) is set to open its first branch out of Ethiopia in Juba, South Sudan.

Last Updated on Saturday, 28 August 2010 10:49 Read more...

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