Africa’s Export Performance through AGOA

Tuesday, 20 August 2013 16:28 Published inStatistics

Since the legislation went into effect in 2000, exports under the African Growth and Opportunity Act (AGOA) have increased by more than 500 pct, from USD8.15 billion in 2001 to USD53.8 billion in 2011. About 90 pct of these exports has  been oil, which underscores Africa’s growing strategic importance to the United States.

Long Walk to Freedom

Tuesday, 20 August 2013 12:34 Published inArt & Life

The first time I heard about apartheid was back in elementary school in my history class when we were learning about African Colonization History. All we learned in class was more of a three-act story; how South Africa failed under the bores, how apartheid slowly and brutally diffused and in the end how South Africa was freed. On top of that, we were thought about the great leader Nelson Mandela and how he stayed in prison for more than 27 years fighting for his people’s freedom.

“You can consider it a war”

Monday, 19 August 2013 06:17 Published inQuote

Gezahegn Dugassa Leta, director for Banking Products and Technology Innovation at Awash International Bank, on Ethiopia Banking and ICT Summit, 2013, which was held at Sheraton Addis on August 2, 2013, referring to the challenges Ethiopia’s banking sector will face when it is fully engaged in internet and mobile banking. “You have to be ready well before you start it,” he added. The event was organized by Cyber Security Africa, a UK based digital security firm. Attendees saw different presentations that range from simple virus attacks to internet hacking, which also gave insights on possible threats on internet and mobile banking and the precautions that should be undertaken while engaging in e-banking. The event, brought together representatives from private and state banks in Ethiopia. There was also an exhibition in which the sponsors of the event including Ethiopian Airlines and Huawei Technologies Ethiopia, which recently sealed a deal with the the state monopoly for expansion of telecom services, participated.

Business Cards: No Insignificant Matter

Monday, 19 August 2013 02:56 Published inCommentary

Consider the first impression in businesses like your first love-you rarely forget them. And most of the time it boils down to simple,  yet very important gestures. Business cards are at the pinnacle of this first impression because that is the first personification of you and your company.

Rivalry in the Insurance Industry

Sunday, 18 August 2013 23:39 Published inView Point

Level of competition and industry rivalry is one of the Michael Porter’s five forces framework that helps in analyzing and understanding the profitability of the industry as a whole. It is an essential tool to figure out what the market looks like. Without proper understanding of the market, success becomes a matter of luck.

Recent media outlets in Ethiopia and beyond are talking about the possibility of an oil discovery in Ethiopia; the populace is following the story with great interest. As a child it was always my wish for Ethiopia to get oil - perhaps disgusted by the rampant poverty that I witnessed. Now, I think twice about it and tend to think maybe it is not a nice thing after all.  Why? Here is my perspective!

These days, for sport fans around the globe, emotional stress is not the only negative impact of watching one’s team lose a game.  More and more joe-sport watcher joins the ranks of those who bet on different sports as sport has become more than just a hobby. It will not take long before Ethiopian sport fans could join this growing international scene.

In a recent development, Chinese vendors Huawei and ZTE rolled out a deal valued at USD1.6 billion with the State owned monopoly ethio telecom, deemed as ‘one of the most annoying public enterprises in the country’ by its customers. The telecom has signed vendor finance deals with the suppliers in the last week of July, with Huawei’s share of the deal valued at USD700 million.

The 125 years old Addis Abeba seems to be at a threshold of a major socio-economic shift. As the middle class urbanite poised to reach a significant mass, the city has become a sea of changes, transforming at a breakneck speed. The infrastructure setting and the material needs of this growing cosmopolitan society is growing by the day. Numerous massive infrastructure projects are under way and different buildings are popping up here and there. But, the number of upcoming buildings may not be good enough to tell the whole story any more. Beyond this surprising structural development in the City, life has not just been what used to be for the city dwellers. From automating the daily life to a high demand of a world class comfort, life of the Addis Abebans seems to be changing for the better.

The late Prime Minister Meles Zenawi

Sunday, 18 August 2013 21:10 Published inQuote

National resolution may be indispensable, but it is not, however, sufficient. If we are to find finance to our development endeavors, we have to raise our financial weight by developing the culture of saving.

The late Prime Minister Meles Zenawi
At the Grand Ethiopian Renaissance Dam’s foundation stone laying on April 2, 2011 in Guba, Benishangul Gumuz Regional State, 40 km east of the border with Sudan.

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