Ethiopian Business Review

Metro to Import Five More Care and Delight Buses

Monday, 01 April 2013 08:38 Published in Focus

Metro PLC., the sole importer of LG- Life is Good- electronics in Ethiopia announced that it will import five more Care and Delight Buses at a cost of Br 10 million on an event, on which it launched what it called the first-in-Africa Care and Delight Bus Service on March 27, 2013. Metro will receive the buses in a year, Abdulhamid Abubaker, general manager of the company said.

Ethiopia is facing a growing number of cyber attacks in recent months, according to Information Network Security Agency (INSA).

INSA, which is one of the several wings of the national defense forces, is mandated to protect the cyber sphere of the nation. The agency states that it has been deterring cyber attacks aimed at different interests of the nation since its establishment in 2006/07.

Winston Churchill

Monday, 01 April 2013 08:15 Published in Quote

“Some people regard private enterprise as a predatory tiger to be shot. Others look on it as a cow they can milk. Not enough people see it as a healthy horse, pulling a sturdy wagon.”

Winston Churchill

Said Engineer Tsedeke Yihune, founder and general manager of Flintstone Engineering and Flintstone Homes, on the second Executive Idea Exchange Forum which was held at Eshetu Cholle Building, Addis Ababa University, on March 28, 2013. The engineer said this as he shared his personal experience in the sector. In addition, Tsedeke elaborated on rent seeking and developmental theory in his rather captivating presentation. He also shared his views on how easier it is doing a business abroad than it is at home and his principles as an executive.


Monday, 01 April 2013 07:56 Published in Statistics

The number of Ethiopian tax payers who have given their finger prints to the Ethiopian Revenue and Customs Authority (ERCA) as of the first week of march 2013. ERCA has registered 127,574 finger prints through online and offline methods in the second quarter of the 2012/13 fiscal year. The biometric card production has also reached 1,447,021.

Currency War & Peace

Monday, 01 April 2013 06:52 Published in Commentary

Much of the hype surrounding the G20 finance ministers and central bank governors’ meeting held on February 15-16 in Moscow, the Russian Federation, was dedicated to so- called “currency wars,” which some developing-country officials have accused advanced countries of waging by pursuing unconventional monetary policies. But another crucial issue – that of long-term investment financing – was largely neglected, even though the endgame for unconventional monetary policy will require the revitalization or creation of new long-term assets and liabilities in the global economy.

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