Cost of Living Jumps to 22.6pc

Apr 4 , 2020

Headline inflation, an indicator of the cost of living, continues to spike and reached the highest rate in six years when it hit a rate of 22.6pc last month, according to the latest Consumer Price Index from the Central Statistical Agency (CSA). Driven by inflation in food prices, the rate has shown a 0.8 percentage point rise from the previous month. Last month, food inflation jumped close to two percentage points to 26.9pc, while non-food inflation showed a slight decline to 17.6pc. March's rate, which came out after Ethiopia confirmed its first case of the Novel Coronavirus (COVID-19), is the second highest jump in six years next to the 22.2pc rate that was registered in 2014. Except for wheat, the price of almost all cereals increased, especially that of teff, maize and sorghum, according to the report.


Mobile Apps Streamline Container Handling

A Chinese private logistics company availed its multilingual mobile applications designed to streamline container handling processes for local businesses. Dubbed, the apps are available in Amharic, Oromo, Somali, and Tigrigna, with a competitive monthly fee. Company managements aim to tackle inefficiencies by scanning truck license plates, container IDs, and other details, reducing manual data entry and the potential for errors. Users can also record gate movements with times...


Private Investment Takes Flight in Aviation Industry

Local private operators received the green light last week to expand their services beyond charter flights, offering regular passenger and cargo options. This move by the Ethiopian Civil Aviation Authority is expected to boost the air transport sector, attracting private companies to invest in air travel services. The Authority is partnering with private investors to improve air transport infrastructure by building over 21 new airstrips and helipads in previously underserved areas. Officials...


Safaricom Ramps Up Network Expansion with Locally Made Poles

Safaricom Ethiopia has initiated a three-month procurement process to acquire a total of 68 poles from Woda Metal, the first telecom pole manufacturer in the country. The initial batch of 13 poles was delivered last week, marking a milestone as the first use of domestically produced poles in Ethiopia's telecom sector. Wim Vanhellputte, CEO of Safaricom Ethiopia, praised the high quality and affordability of Woda Metal's poles, which will be crucial for their network expansion goals. The co...