MacroeconomicResearch


Quarterly Macroeconomic Review Third Quarter 2019

The third quarter of the year was marked by continued stresses in some of the economy’s usual weak spots (inflation, foreign exchange), but also by a very clear turnaround and improvement in multiple macro indicators (budget revenues, exports,…

Macroeconomic Data in Ethiopia: A Guide on Sources & Release Dates

This note reviews the sources, frequency, and timing of macroeconomic data releases in Ethiopia. We also compare Ethiopia’s record of macro data releases with that of other countries. As access to timely macro data will become…

Explaining Ethiopia’s Recent Inflation

We review the sources of the recent spike in Ethiopia’s inflation. To this end, we collected and tabulated the Central Statistical Authority’s monthly price data by detailed product lines (covering the 600-plus items that make up the…

Quarterly Macroeconomic Review Second Quarter 2019

Quarterly Macroeconomic Review: April—June 2019 The second quarter of 2019 showed a mixed set of developments on the macroeconomic front, with adverse outturns seen in some areas (inflation, exports, continued fx challenges) alongside…

Ethiopia’s 2019-20 Budget

This note summarizes the main contents of Ethiopia’s recently released government budget and highlights: (1) the policy priorities being articulated for the new fiscal year; (2) the composition of spending across key departments, and; (3) the…

Quarterly Macro Review

We expect GDP growth this year to be slightly lower, and inflation slightly higher, than we had previously projected but keep our forecasts for exchange rates, fx reserves, and public debt largely unchanged from those in our 2019…

Ethiopia’s Billion-Dollar Sovereign Bond: Recent Performance and Outlook

Ethiopia’s $1bn sovereign bond issued in December 2014 is the country’s sole debt instrument trading in global capital markets. We review its recent performance (prices and yields) and consider the outlook for this and other potential bond issues in the…

Ethiopia Fiscal Review

We put together a data pack on Ethiopia’s recent fiscal performance, focusing on revenue performance over the past few years (including so far this year) and also taking a detailed look at the composition of government spending for the current budget…

Ethiopia – Macroeconomic Handbook 2019

We put together ten questions often raised by investors during discussions of the Ethiopian macroeconomy and venture to provide some answers that reflect our views and thinking on these issues. We also provide an Appendix with 10 years of macroeconomic data…

MacroeconomicResearch


Macroeconomic Data in Ethiopia: A Guide on Sources & Release Dates

This note reviews the sources, frequency, and timing of macroeconomic data releases in Ethiopia. We also compare Ethiopia’s record of macro data releases with that of other countries. As access to timely macro data will become…

Explaining Ethiopia’s Recent Inflation

We review the sources of the recent spike in Ethiopia’s inflation. To this end, we collected and tabulated the Central Statistical Authority’s monthly price data by detailed product lines (covering the 600-plus items that make up the…

Quarterly Macroeconomic Review Second Quarter 2019

Quarterly Macroeconomic Review: April—June 2019 The second quarter of 2019 showed a mixed set of developments on the macroeconomic front, with adverse outturns seen in some areas (inflation, exports, continued fx challenges) alongside…

Ethiopia’s 2019-20 Budget

This note summarizes the main contents of Ethiopia’s recently released government budget and highlights: (1) the policy priorities being articulated for the new fiscal year; (2) the composition of spending across key departments, and; (3) the…

Quarterly Macro Review

We expect GDP growth this year to be slightly lower, and inflation slightly higher, than we had previously projected but keep our forecasts for exchange rates, fx reserves, and public debt largely unchanged from those in our 2019…

Ethiopia’s Billion-Dollar Sovereign Bond: Recent Performance and Outlook

Ethiopia’s $1bn sovereign bond issued in December 2014 is the country’s sole debt instrument trading in global capital markets. We review its recent performance (prices and yields) and consider the outlook for this and other potential bond issues in the…

Ethiopia Fiscal Review

We put together a data pack on Ethiopia’s recent fiscal performance, focusing on revenue performance over the past few years (including so far this year) and also taking a detailed look at the composition of government spending for the current budget…

Ethiopia – Macroeconomic Handbook 2019

We put together ten questions often raised by investors during discussions of the Ethiopian macroeconomy and venture to provide some answers that reflect our views and thinking on these issues. We also provide an Appendix with 10 years of macroeconomic data…

SectorResearch


Ethiopia’s Recent Trade Performance: A Data Pack and some observations – December 2019

We tabulate recently released data on the composition of Ethiopia’s exports and imports by partner country and by product category. Our main observations are summarized below… Read the ReviewShare

Ease of Doing Business in Ethiopia: Issues, Reforms, and Progress

Improving the ease of doing business has been singled out as one of the priority areas for economic reform in Ethiopia this past year. Based on publicly released information from the EIC and other involved agencies, this short note covers the range of…

Ethiopia’s Banking Sector

We take a deep-dive into Ethiopia’s banking sector and cover—across the following 70 pages—its macroeconomic contribution, recent performance, service offerings, regulatory environment, income sources, market structure, profitability rankings, bank-by-bank…

Ethiopia’s Industrial Parks: A Data Pack on recent performance

We review the status and performance of Ethiopia’s industrial parks and compile a data pack—based on EIC statistics—showing latest figures on the number of active firms, invested capital, employment, and exports… Read the ReviewShare

A Financing Map of Ethiopia: The funding landscape for future growth

We review the scale and scope of the financing universe in Ethiopia, focusing on its size and composition; funding sources and users; domestic versus foreign components; and finally the most promising untapped and under-exploited opportunities for the years…

Ethiopia Trade Review

Recent trade performance shows that America is now the largest market for Ethiopian exports, taking in 9 percent of total exports. For imports, China remains the largest source, as has been the case for the past 16 years. Please read full report. Read the…

SectorResearch


Ease of Doing Business in Ethiopia: Issues, Reforms, and Progress

Improving the ease of doing business has been singled out as one of the priority areas for economic reform in Ethiopia this past year. Based on publicly released information from the EIC and other involved agencies, this short note covers the range of…

Ethiopia’s Banking Sector

We take a deep-dive into Ethiopia’s banking sector and cover—across the following 70 pages—its macroeconomic contribution, recent performance, service offerings, regulatory environment, income sources, market structure, profitability rankings, bank-by-bank…

Ethiopia’s Industrial Parks: A Data Pack on recent performance

We review the status and performance of Ethiopia’s industrial parks and compile a data pack—based on EIC statistics—showing latest figures on the number of active firms, invested capital, employment, and exports… Read the ReviewShare

A Financing Map of Ethiopia: The funding landscape for future growth

We review the scale and scope of the financing universe in Ethiopia, focusing on its size and composition; funding sources and users; domestic versus foreign components; and finally the most promising untapped and under-exploited opportunities for the years…

Ethiopia Trade Review

Recent trade performance shows that America is now the largest market for Ethiopian exports, taking in 9 percent of total exports. For imports, China remains the largest source, as has been the case for the past 16 years. Please read full report. Read the…

News

Weekly Economic and Business News

Read

Subscription

Subscribe to Cepheus Research & Analytics

SUBSCRIBE