Mulu Solomon: The Woman Who Wants to Die Empty

Friday, 30 November 2012 15:24 Published in Interview

Last December, Mulu Solomon rose to the helm of the Ethiopian Chamber of Commerce and Sectoral Association (ECCSA), becoming the organization’s first female president. During her brief time she has worked to smooth relations with the Addis Ababa Chamber of Commerce and Sectoral Association (AACCSA), facilitate discussions on Ethiopia’s plan to join the World Trade Organization. She has also been working to improve Ethiopia’s business climate. After a recent visit to Handwerkskammer (HWK), a Chamber of Commerce based in Berlin, Germany, she sat down with Amanyehun R. Sisay, Executive Editor of the Ethiopian Business Review (EBR) Magazine, for an exclusive interview to talk about the latest progress of ECCSA.

Ethiopia’s Export: Half Full or Half Empty?

Wednesday, 21 November 2012 07:35 Published in Economy & Finance
  • Surpassed last year’s earning by 14 per cent
  • Earning shows 69.14 per cent of the plan
  • The gap between plan and accomplishment alarms realizing GTP

The direct relationship between export and country’s economic growth is apparent. Economists also insist that if export figures (quantity or earning) fluctuate year after year, uncertainties will emerge in the economy. In turn, these uncertainties build unfavourable pressure on investment. These might, in the end, have negative repercussions on overall growth. Balance of payment crisis also turns out to be the other effect.

For economists or others with related professional background, the accomplishment of the Ethiopian 2011/12 export does not seem to make them say wow; perhaps it would ignite several questions.

ERCA Plans Training 1200 Transit Operators

Thursday, 15 November 2012 14:26 Published in Revenue & Custom

Ethiopian Revenues and Custom Authority (ERCA) is planning training of more than 1200 logistic operators in November, 2012 Ethiopian Business Review learned. Applicants have paid 6528.84 birr each to receive training. Upon completion, the trainees will receive certificate of competence which will make them eligible to get license for transit and logistics services.

The authority set the new training after considering repeated request by importers and exporters.

Top 10 FDI Sources in Ethiopia in 2011/12

Thursday, 15 November 2012 14:18 Published in Investment

The foreign direct investment  (FDI) in Ethiopia, in 2011/12, was hugely dominated by two countries. Perhaps, contrary to what many people might think, Turkey and India took 58.75 per cent of the total FDI capital registered in the last fiscal year. If we see the data of only the top 10 total capital, the two countries’ contribution increases to more than 81 per cent. In terms of job opportunities, 62 Indian projects which created employment opportunities for 46,131 people (over 28 per cent of the total jobs FDI brought in the year) leads the group, while Turkish investors with 22 projects created 12,004 people is the  second. Investment from neighbouring Sudan which created 11,645 jobs was the third.
Though the Ethiopian Investment Agency should be credited for facilitating the Turkish and Indian investment to grow, the need to diversify sources of FDI is equally important. Huge dependency on few countries will create its own problem at the end. What if these few countries are hit by an unexpected economic meltdown?

Prime Minister Hailemariam Desalegn: Up Close & Personal

Thursday, 01 November 2012 16:50 Published in People

The Ethiopian Federal Parliament, in late September, convened a rare emergency session. The agenda items were equally extraordinary because appointing a new Prime Minister was unthinkable as recently as a couple of months ago.

After missing from the public eye for weeks, the death of former Prime Minister Meles Zenawi, at a Belgian hospital, was announced on August 20. The illness has not been disclosed to date.

Meles, who ruled the country since 1991, was both Prime Minister of Ethiopia and chairman of the ruling Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF). The ruling party, which unseated the previous communist regime after a bloody 17-year armed struggle, has formidable control of the nation’s politics with over five million members. The party controls over 99 per cent of all Federal and Regional Parliament seats in the country.

After a month of speculations and mixed signals from the EPRDF leadership following Meles’ death, a 40 minute parliamentary emergency session promoted little known Hailemariam Desalegn as the country’s new Prime Minister on Friday, September, 21, 2012.

South-East Asia Eyes Ethiopia

Thursday, 01 November 2012 14:18 Published in Investment

Last September showed the coming of series of business delegations to Addis Ababa from East. One of the delegates was from small but industrialized country, Singapore. The Singapore’s delegation, which consisted of 20 bossiness people, focused to get dealers from Ethiopia for construction machineries, caterpillars, and agro-processing materials. They also wanted to identify suppliers of spice products. The mission also planned to engage in shipping and logistic sectors to ease trade activities they want to undertake in Ethiopia.

Sivu Maqungo, Chief Director for East and the Horn of Africa at the Department of International Relations and Cooperation, Republic of South Africa said on September 19/2012. He was in Addis Ababa to address a business meeting the Addis Ababa Chamber of Commerce and Sectoral Association (AACCSA) organized for the Ethiopian Business Community to talk about business and investment with a delegation from South Africa.  Maqungo, who was head of the Delegation, said to a group of Journalists that South African Business Community would like to know three things about Ethiopia. So, solemnly, he said, the first thing they would like to know is, Ethiopia’s location. They also want to know if the investment climate is attractive or not and if the business environment is receptive to their particular interests. Maqungo delivered a long speech by first narrating how South Africans are thankful to Ethiopia because it offered Nelson Mandela the  much needed military training to aid his movement for the black South African’s fight for freedom and equality.
AACCSA invited 30 South African business people to the meeting. However the Johannesburg Chamber of Commerce and Industry, which was established in 1890 as one of Africa’s oldest chambers and with over 3,000 active members currently succeeded in bringing only three business people who were accompanied by eight state officials; including Maqungo.

Top 10 FDI Sources in Ethiopia in 2011/12

Thursday, 01 November 2012 13:18 Published in Statistics

The foreign direct investment  (FDI) in Ethiopia, in 2011/12, was hugely dominated by two countries. Perhaps, contrary to what many people might think, Turkey and India took 58.75 per cent of the total FDI capital registered in the last fiscal year. If we see the data of only the top 10 total capital, the two countries’ contribution increases to more than 81 per cent. In terms of job opportunities, 62 Indian projects which created employment opportunities for 46,131 people (over 28 per cent of the total jobs FDI brought in the year) leads the group, while Turkish investors with 22 projects created 12,004 people is the  second. Investment from neighbouring Sudan which created 11,645 jobs was the third.
Though the Ethiopian Investment Agency should be credited for facilitating the Turkish and Indian investment to grow, the need to diversify sources of FDI is equally important. Huge dependency on few countries will create its own problem at the end. What if these few countries are hit by an unexpected economic meltdown?

November 12 -18, 2012

Thursday, 01 November 2012 12:19 Published in Calendar
November 12 -18, 2012
Business Event The fifth Ethio-Chamber International Trade Fair
Date November 12 to 18, 2012
Motto Buy Ethiopian
Venue Addis Ababa Exhibition Center and Market Development Enterprise
Organiser Ethiopian Chamber of Commerce and Sectoral Association

Registered Exhibitors

 

 

 

 

230, Latest September 30/2012
Trade Fair
Youth Day Celebration
Women Entrepreneurs Day Celebration
 Tourism Industry Day Celebration

AAU Expands its Horizon to Agriculture

Thursday, 01 November 2012 11:54 Published in Focus

  • Acquires a New Campus in Fitche Town

Addis Ababa University (AAU) expands its horizon to Agriculture by opening departments of Animal Science, and Plant and Horticulture Science at a new campus named Selale Campus in Fitche Town, North Shewa Zone, Oromia National Regional State. The College of Veterinary Medicine and Agriculture will host the departments. The newly formed college came about following a recent restructuring of academic units in the University. The College comprises the former School of Veterinary Medicine, located in Bishoftu (Debre Zeit) which was then under the College of Health Sciences.

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