Ethiopian Business Review

  • 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.

Wednesday, 21 November 2012 07:35
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Last modified on Friday, 21 December 2012 07:47

In mid February 2010, Ministry of Finance and Economic Development (MoFED) representatives attended a workshop in Mombasa, Kenya. The Workshop was about Integrated Financial Management Information System (IFMIS), which MoFED had planned months earlier.

IFMIS, which is expected to raise efficiency, effectiveness and transparency in financial sector has “successfully” finished its pilot phase, after two years. The pilot project, which consumed USD 19 million, had been running under close supervision of MoFED. Since last September, the project has been moving to implement the system in selected ministries, federal agencies and regional bureaus.

Thursday, 01 November 2012 11:11
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Awash International Bank (AIB) has set a new organisational structure throughout its head and branch offices. The structure integrates job descriptions and specifications, job grades and titles, salary scale and benefits packages, Ethiopian Business Review learned. The bank has also started grading branches into four classes.

Thursday, 01 November 2012 07:35
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