Ethiopian Business Review

Abebe Asamere

Abebe Asamere

Abebe Asamere holds an LLB in Law and BA in Political Science and International Relations from AAU. He was a member of the executive committee and pro bono legal advisor of the Ethiopian Consumers Protection Association for six years. Later on he became president of the Association for about a year. Since 2000, he has been working as consultant and attorney at Law. He was also teaching business law at the School of Commerce at AAU on part time basis for several years. Comments can be sent to abebe.a@ethiopianbusinessreview.com or aasamere@yahoo.com

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Fighting Corruption Critical Policy Attentions

Saturday, 07 July 2018 05:32 Published in Commentary

Recently, the Ethiopian Government under the leadership of Prime Minister Abiy Ahmed terminated high-profile corruption charges brought against Melaku Fenta and Gebrewahid Gebregziabher, former Director General and former Deputy Director General of the Law Enforcement Division at the Ethiopian Revenues and Customs Authority (ERCA) respectively. Prominent businessmen, such as Nega Gebreegziabher, owner of Netsa Trading PLC; Ketema Kebede, owner of KK PLC; and Fikru Maru (MD), founder and CEO of Addis Cardiac Hospital; and Simachew Kebede, major shareholder of DH Simex Plc which owns Intercontinental Addis Hotel were also charged with corruption-related offenses.

The World Bank country office in Ethiopia, apparently in response to the request by the government of Ethiopia, has conducted a survey of Chinese FDI (Foreign Direct Investment) in Ethiopia in November 2012. This is a commendable job on the part of the World Bank as Chinese related investments are increasingly becoming important not only in Ethiopia but also across the continent.

As the biggest economy in Africa, with a GDP of 419.92 billion US Dollar in 2010 according to the Global Finance, and labeled by the World Bank as one of the four upper middle income countries in Africa, South Africa is a preferred destination for refugees from poor nations in its backyard such as Mozambique, Zimbabwe, Malawi and other distant African countries like Nigeria and Ethiopia.