Ethiopian Business Review

In the first six months of the current fiscal year, the Ethiopian Revenue and Customs Authority (ERCA) collected ETB90.8 billion, which is 83Pct of the target set for the period and 39.5Pct of the target set for the current fiscal year. Officials stress that a growing number of taxpayers are declaring losses or no income on their annual income tax report and Value Added Tax (VAT) refund. Businesses argue that this is due to the slowdown of economic activities attributable to the scarcity of foreign currency, and recent political unrest in the country. Several companies claim that their sales turnover is declining while overhead costs rise, ultimately affecting their capacity to pay taxes. EBR’s Ashenafi Endale explores the situation. 

Thursday, 15 March 2018 09:00
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Even though large-scale tea cultivation started in Ethiopia at the same time as countries like Kenya, the country lags far behind in the international market. While the tea exported from Kenya accounts for 22Pct of the total global trade currently, the share of Ethiopia remains less than 1Pct. EBR explores the reasons. 

Thursday, 15 March 2018 09:00
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In terms of headcount, Ethiopia has the tenth largest livestock inventory in the world with 120.4 million cattle, sheep and goat. But the country isn’t making the most of it. Roughly 200,000 tons meat is processed annually, and less 10Pct of it is exported. EBR’s Ashenafi Endale explores the issue to find out why.

Thursday, 15 February 2018 09:00
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As Ethiopia’s most important sector, agriculture is a fundamental component in addressing the country’s development challenges. While agricultural output is improving, there are still major gaps in productivity that mechanization can help bridge. And while the benefits of mechanization are immense, the introduction of automated farming processes in Ethiopia has been limited. EBR’s Ashenafi Endale explores the issue and highlights the efforts taken to improve the situation.

Thursday, 15 February 2018 06:00
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Insurance is one of the key pillars of a modern economy. It contributes to mobilize savings, transfer risks and reduce financial losses.

The history of modern insurance in Ethiopia, especially the private sector driven one, is at its early stage. However, the sector is crippled with lack of innovative products and services. As a result, the industry lags far behind several African countries. The sector’s growth, especially in recent years, is marred with rising claims and declining premium rates. The stiff price based competition in the market contributed to this situation. EBR’s Ashenafi Endale explores the issue to offer this report. 

Saturday, 02 December 2017 12:00
Published in Economy & Finance
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Ethiopia is endowed with extensive natural resources such as fertile soil, abundant water resources and favorable climatic condition that make the country suitable for the development of different varieties of flowers, vegetables, fruits and herbs. Despite this, the country has not benefited from the sector as expected. 

Lack of adequate attention given to the sector by the government, years of insufficient investment by the private sector, and the absence of skilled human resource and technologies are among the major factors that thwart the country from reaping the benefits of its potential in the sub sector.

To avert the trend, Ethiopia, the second largest flower exporter in Africa after Kenya, recently launched the National Horticulture Development and Transaction Strategy. The strategy highlights the plan to create conducive environment for modernized horticulture development. EBR’s Mikiyas Tesfaye has gone through the document and conversed with major stakeholders to offer this report.

Friday, 01 December 2017 09:00
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As the Ethiopian economy began to significantly expand in the last fifteen years, the demand for paper and paper products has also witnessed huge growth. In 2016/17 the demand for paper was 219,840 tons. However, the country managed to satisfy only 18Pct of the demand. The balance has always been matched by imports.

There are six companies currently engaged in the production of rolls of paper sheets from pulp and recycled paper. Although a small number of companies operate in the paper conversion sector, there is no paper mill company in the country. As a result, the country spends millions of scarce hard currency to import paper products. EBR’s Ashenafi Endale explores the issue to offer this report.

Wednesday, 01 November 2017 09:00
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If you’ve ever driven or walked around Addis Ababa, it’s quite clear that the roads are congested and the traffic can be, at times, pretty bad. That’s because there’s been a rather large influx of cars coming into the country – thousands per year, by some estimates. As more and more Ethiopians are gaining access to increasing amounts of money, some are purchasing cars in order to make life and doing business easier. But what are the implications of this trend? EBR’s Berihun Mekonnen spoke with drivers and government officials about the issue.

Wednesday, 10 December 2014 12:00
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The Ethiopian government estimates that it has more than two million Ethiopian-born people who comprise its vast global diaspora, living in the United States, Europe, Australia and the Middle East, among other places. Much of the diasporic migration took place during the Derg regime (1974-1991); before that, during the time of the Emperor, it was common to see Ethiopians attending institutions of higher education abroad and returning home from western countries. 

Tuesday, 09 December 2014 12:00
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